Jordan: Non-Cellular Polystyrene Film Market 2024

Non-Cellular Polystyrene Film Market Size in Jordan

The Jordanian non-cellular polystyrene film market skyrocketed to $X in 2022, with an increase of 93% 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). Overall, consumption continues to indicate buoyant growth. Non-cellular polystyrene film consumption peaked in 2022 and is expected to retain growth in the immediate term.

Non-Cellular Polystyrene Film Exports

Exports from Jordan

In 2022, shipments abroad of non-cellular polystyrene films, sheets, foil and strip was finally on the rise to reach X tons after three years of decline. In general, exports, however, faced a abrupt curtailment. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, non-cellular polystyrene film exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a abrupt contraction. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X tons) was the main destination for non-cellular polystyrene film exports from Jordan, with a 99% share of total exports. It was followed by Lebanon (X kg), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Iraq totaled -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (-38.8% per year) and Egypt (-47.5% per year).

In value terms, Iraq ($X) remains the key foreign market for non-cellular polystyrene films, sheets, foil and strip exports from Jordan, comprising 100% of total exports. The second position in the ranking was held by Egypt ($X), with a 0.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq amounted to -13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-44.9% per year) and Lebanon (-43.9% per year).

Export Prices by Country

The average non-cellular polystyrene film export price stood at $X per ton in 2022, shrinking by -10.4% against the previous year. Overall, the export price, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 56% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to Lebanon ($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 Egypt (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Cellular Polystyrene Film Imports

Imports into Jordan

In 2022, imports of non-cellular polystyrene films, sheets, foil and strip into Jordan surged to X tons, with an increase of 82% against 2021 figures. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, non-cellular polystyrene film imports soared to $X in 2022. Overall, imports saw a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of non-cellular polystyrene film to Jordan, with a 41% share of total imports. Moreover, non-cellular polystyrene film imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was held by Turkey (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +28.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-7.8% per year) and Turkey (+46.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of non-cellular polystyrene films, sheets, foil and strip to Jordan, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 14% share of total imports. It was followed by Turkey, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +33.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.8% per year) and Turkey (+37.7% per year).

Import Prices by Country

The average non-cellular polystyrene film import price stood at $X per ton in 2022, increasing by 7.7% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-cellular polystyrene film import price increased by +128.5% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 27%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform