Jordan: Market for Other Synthetic Organic Colouring Matters 2024

Market Size for Other Synthetic Organic Colouring Matters in Jordan

The Jordanian synthetic organic colouring matters market reduced modestly to $X in 2022, waning by -3.2% 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, however, recorded a tangible expansion. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Other Synthetic Organic Colouring Matters

Exports from Jordan

Synthetic organic colouring matters exports from Jordan contracted modestly to X tons in 2022, which is down by -3.1% against the previous year's figure. Over the period under review, exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2013 with an increase of 81% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, synthetic organic colouring matters exports reduced markedly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 68%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Palestine (X tons) was the main destination for synthetic organic colouring matters exports from Jordan, accounting for a 61% share of total exports. Moreover, synthetic organic colouring matters exports to Palestine exceeded the volume sent to the second major destination, Iraq (X tons), threefold. The third position in this ranking was held by Saudi Arabia (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume to Palestine stood at +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+2.1% per year) and Saudi Arabia (-13.6% per year).

In value terms, Palestine ($X), Iraq ($X) and Saudi Arabia ($X) constituted the largest markets for synthetic organic colouring matters exported from Jordan worldwide, with a combined 83% share of total exports.

In terms of the main countries of destination, Palestine, with a CAGR of +17.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average synthetic organic colouring matters export price stood at $X per ton in 2022, which is down by -18.6% against the previous year. Overall, the export price, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 48%. As a result, the export price attained the peak level of $X per ton, and then shrank significantly 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 the United Arab Emirates ($X per ton), while the average price for exports to Palestine ($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 Qatar (+55.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Other Synthetic Organic Colouring Matters

Imports into Jordan

In 2022, overseas purchases of other synthetic organic colouring matters decreased by -3.4% to X tons, falling for the fifth year in a row after four years of growth. Over the period under review, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2015 with an increase of 59%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, synthetic organic colouring matters imports dropped modestly to $X in 2022. Overall, imports saw a mild downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 17% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and the United Arab Emirates (X tons) were the main suppliers of synthetic organic colouring matters imports to Jordan, together accounting for 89% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +12.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest synthetic organic colouring matters suppliers to Jordan were China ($X), India ($X) and Saudi Arabia ($X), with a combined 81% share of total imports.

China, with a CAGR of +7.3%, recorded the highest growth rate of the value of imports, among the main suppliers 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 synthetic organic colouring matters import price amounted to $X per ton, almost unchanged from the previous year. In general, the import price, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 70%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while the price for the United Arab Emirates ($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 (+20.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform