Jordan: Paper And Paperboard Market 2024

Paper And Paperboard Market Size in Jordan

In 2022, the Jordanian paper and paperboard market decreased by -14.6% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a deep setback. Paper and paperboard consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Paper And Paperboard Exports

Exports from Jordan

In 2022, after two years of decline, there was significant growth in shipments abroad of paper and paperboard (creped, crinkled, embossed or perforated), when their volume increased by 18% to X tons. Over the period under review, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 when exports increased by 1,373% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, paper and paperboard exports soared to $X in 2022. In general, exports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 2,317% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for paper and paperboard exports from Jordan, with a 61% share of total exports. Moreover, paper and paperboard exports to Saudi Arabia exceeded the volume sent to the second major destination, Free Zones (X tons), threefold. The third position in this ranking was held by Syrian Arab Republic (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +60.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (-20.0% per year) and Syrian Arab Republic (0.0% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for paper and paperboard (creped, crinkled, embossed or perforated) exports from Jordan, comprising 61% of total exports. The second position in the ranking was held by Free Zones ($X), with a 20% share of total exports. It was followed by Syrian Arab Republic, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia stood at +59.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (-11.8% per year) and Syrian Arab Republic (0.0% per year).

Export Prices by Country

The average paper and paperboard export price stood at $X per ton in 2022, leveling off at the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 234% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Saudi Arabia ($X per ton) and Palestine ($X per ton), while the average price for exports to Free Zones ($X per ton) and Syrian Arab Republic ($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 Palestine (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Paper And Paperboard Imports

Imports into Jordan

In 2022, overseas purchases of paper and paperboard (creped, crinkled, embossed or perforated) decreased by -34.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2014 when imports increased by 147% against the previous year. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, paper and paperboard imports reduced modestly to $X in 2022. Overall, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 81%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest paper and paperboard supplier to Jordan, with a 60% share of total imports. Moreover, paper and paperboard imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, India (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled -16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+60.6% per year) and China (+26.3% per year).

In value terms, India ($X), Saudi Arabia ($X) and Spain ($X) constituted the largest paper and paperboard suppliers to Jordan, together comprising 77% of total imports.

Among the main suppliers, Spain, with a CAGR of +73.6%, saw the highest rates of growth with regard to 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 paper and paperboard import price stood at $X per ton in 2022, growing by 46% against the previous year. Over the period under review, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, paper and paperboard import price increased by +86.0% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Lebanon ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform