Jordan: Market for Iron Or Steel Solid Fuel Domestic Appliances 2024

Market Size for Iron Or Steel Solid Fuel Domestic Appliances in Jordan

After two years of growth, the Jordanian metal solid fuel appliances market decreased by -41.1% to $X in 2022. Overall, consumption, however, enjoyed a strong increase. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Iron Or Steel Solid Fuel Domestic Appliances

Exports from Jordan

In 2022, exports of iron or steel solid fuel domestic appliances from Jordan surged to X units, with an increase of 97% compared with 2021 figures. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 1,700% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, metal solid fuel appliances exports surged to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 9,457% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units), Egypt (X units) and Bahrain (X units) were the main destinations of metal solid fuel appliances exports from Jordan, with a combined 74% share of total exports. Moreover, metal solid fuel appliances exports in the United Arab Emirates exceeded the figures recorded by the second-largest exporter, Egypt, twofold.

From 2013 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +180.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for iron or steel solid fuel domestic appliances exports from Jordan, comprising 38% of total exports. The second position in the ranking was taken by Egypt ($X), with a 19% share of total exports. It was followed by Bahrain, with a 16% share.

From 2013 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled +110.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (0.0% per year) and Bahrain (0.0% per year).

Export Prices by Country

The average metal solid fuel appliances export price stood at $X per unit in 2022, rising by 4.4% against the previous year. Overall, the export price showed pronounced growth. The growth pace was the most rapid in 2015 an increase of 810%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Turkey ($X per unit) and Bahrain ($X per unit), while the average price for exports to Saudi Arabia ($X per unit) and Egypt ($X per unit) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.1%), while the prices for the other major destinations experienced a decline.

Imports of Iron Or Steel Solid Fuel Domestic Appliances

Imports into Jordan

After two years of growth, supplies from abroad of iron or steel solid fuel domestic appliances decreased by -52.9% to X units in 2022. In general, imports, however, showed a temperate expansion. The pace of growth was the most pronounced in 2016 with an increase of 117% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, metal solid fuel appliances imports dropped significantly to $X in 2022. Overall, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 145% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units), Poland (X units) and France (X units) were the main suppliers of metal solid fuel appliances imports to Jordan, with a combined 65% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest metal solid fuel appliances suppliers to Jordan were Turkey ($X), Poland ($X) and France ($X), together accounting for 64% of total imports.

Among the main suppliers, Poland, with a CAGR of +10.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average metal solid fuel appliances import price amounted to $X per unit, with an increase of 50% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal solid fuel appliances import price increased by +64.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Lebanon ($X per unit) and France ($X per unit), while the price for Denmark ($X per unit) and Hungary ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform