Jordan: Steel Stranded Wire Market 2025

Steel Stranded Wire Market Size in Jordan

The Jordanian steel stranded wire market expanded to $X in 2022, growing by 3.8% against the previous year. In general, consumption, however, saw a prominent expansion. Steel stranded wire consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Steel Stranded Wire Production in Jordan

In value terms, steel stranded wire production totaled $X in 2022 estimated in export price. In general, production, however, recorded a resilient increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 61% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Steel Stranded Wire Exports

Exports from Jordan

In 2022, shipments abroad of iron or steel stranded wire, ropes and cables increased by 127% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 330% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, steel stranded wire exports soared to $X in 2022. Overall, exports enjoyed prominent growth. The growth pace was the most rapid in 2021 with an increase of 567% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Israel (X tons) was the main destination for steel stranded wire exports from Jordan, accounting for a 69% share of total exports. Moreover, steel stranded wire exports to Israel exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. The third position in this ranking was held by Qatar (X tons), with a 3.1% share.

From 2012 to 2022, the average annual growth rate of volume to Israel stood at -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+19.8% per year) and Qatar (0.0% per year).

In value terms, Israel ($X) remains the key foreign market for iron or steel stranded wire, ropes and cables exports from Jordan, comprising 69% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 27% share of total exports. It was followed by Qatar, with a 3.1% share.

From 2012 to 2022, the average annual growth rate of value to Israel totaled +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+28.0% per year) and Qatar (0.0% per year).

Export Prices by Country

In 2022, the average steel stranded wire export price amounted to $X per ton, growing by 25% against the previous year. Overall, the export price showed prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 126% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and Israel ($X per ton), while the average price for exports to Iraq ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Stranded Wire Imports

Imports into Jordan

In 2022, steel stranded wire imports into Jordan fell sharply to X tons, declining by -19.7% against the previous year's figure. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 51% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, steel stranded wire imports reduced to $X in 2022. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 54% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of steel stranded wire to Jordan, with a 30% share of total imports. Moreover, steel stranded wire imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. Saudi Arabia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and Saudi Arabia (-26.3% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel stranded wire, ropes and cables to Jordan, comprising 29% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.0% per year) and Saudi Arabia (-18.1% per year).

Import Prices by Country

In 2022, the average steel stranded wire import price amounted to $X per ton, surging by 12% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and India ($X per ton), while the price for China ($X per ton) and Turkey ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform