Jordan: Metal Domestic Furniture Market 2024

Metal Domestic Furniture Market Size in Jordan

The Jordanian metal domestic furniture market shrank sharply to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Metal Domestic Furniture Exports

Exports from Jordan

For the third year in a row, Jordan recorded decline in overseas shipments of metal furniture, which decreased by X% to X tons in 2022. Over the period under review, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, metal domestic furniture exports shrank sharply to $X in 2022. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons) was the main destination for metal domestic furniture exports from Jordan, accounting for a X% share of total exports. Moreover, metal domestic furniture exports to Saudi Arabia exceeded the volume sent to the second major destination, Sri Lanka (X tons), fivefold. Qatar (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (X% per year) and Qatar (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for metal furniture exports from Jordan, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports. It was followed by Qatar, with a X% share.

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

Export Prices by Country

In 2022, the average metal domestic furniture export price amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Libya ($X per ton) was amongst the lowest.

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

Metal Domestic Furniture Imports

Imports into Jordan

For the sixth year in a row, Jordan recorded decline in supplies from abroad of metal furniture, which decreased by X% to X tons in 2022. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, metal domestic furniture imports shrank notably to $X in 2022. In general, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Italy (X tons) were the main suppliers of metal domestic furniture imports to Jordan, with a combined X% share of total imports. Germany, the United States, Oman, Egypt, Lebanon, Mexico, Spain, the United Arab Emirates, Free Zones and Malaysia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest metal domestic furniture suppliers to Jordan were China ($X), Turkey ($X) and Italy ($X), with a combined X% share of total imports. Germany, the United States, Egypt, Lebanon, Spain, Mexico, the United Arab Emirates, Free Zones, Oman and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Free Zones, with a CAGR of X%, 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

The average metal domestic furniture import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform