Jordan: Phenols Market 2024

Phenols Market Size in Jordan

The Jordanian phenols market reduced to $X in 2022, with a decrease of X% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Phenols Production in Jordan

In value terms, phenols production declined slightly to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Phenols production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Phenols Exports

Exports from Jordan

Phenols exports from Jordan stood at X tons in 2022, with an increase of X% compared with the previous year. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, phenols exports skyrocketed to $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X tons) was the main destination for phenols exports from Jordan, with a X% share of total exports. Moreover, phenols exports to China exceeded the volume sent to the second major destination, South Korea (X tons), threefold. Taiwan (Chinese) (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 China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) remains the key foreign market for phenols exports from Jordan, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with an X% share of total exports. It was followed by Taiwan (Chinese), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average phenols export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phenols export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Taiwan (Chinese) ($X per ton) and China ($X per ton), while the average price for exports to Belgium ($X per ton) and Japan ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Phenols Imports

Imports into Jordan

In 2022, the amount of phenols imported into Jordan fell dramatically to X tons, with a decrease of X% compared with the previous year's figure. Overall, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then shrank significantly in the following year.

In value terms, phenols imports fell sharply to $X in 2022. In general, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

China (X tons), Lithuania (X tons) and India (X tons) were the main suppliers of phenols imports to Jordan, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest phenols suppliers to Jordan were China ($X), India ($X) and Lithuania ($X), with a combined X% share of total imports.

In terms of the main suppliers, Lithuania, with a CAGR of X.4%, 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

In 2022, the average phenols import price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price saw a buoyant increase. As a result, import price reached the peak level and is likely to continue 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 India ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform