Jordan: Phosphinates And Phosphonates Market 2024

Phosphinates And Phosphonates Market Size in Jordan

The Jordanian phosphinates and phosphonates market rose notably to $X in 2022, growing by 10% against the previous year. Over the period under review, consumption posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Phosphinates And Phosphonates Production in Jordan

In value terms, phosphinates and phosphonates production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 54% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Phosphinates And Phosphonates Exports

Exports from Jordan

In 2022, overseas shipments of phosphinates (hypophosphites) and phosphonates (phosphites) were finally on the rise to reach X kg for the first time since 2016, thus ending a five-year declining trend. Over the period under review, exports, however, saw a dramatic descent. The most prominent rate of growth was recorded in 2016 with an increase of 17%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, phosphinates and phosphonates exports dropped slightly to $X in 2022. In general, exports, however, showed a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 6% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X kg) was the main destination for phosphinates and phosphonates exports from Jordan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Free Zones totaled -30.1%.

In value terms, Free Zones ($X) also remains the key foreign market for phosphinates (hypophosphites) and phosphonates (phosphites) exports from Jordan.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones totaled -22.6%.

Export Prices by Country

In 2022, the average phosphinates and phosphonates export price amounted to $X per ton, which is down by -13.6% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when the average export price increased by 257%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2012 to 2022, the rate of growth in terms of prices for Saudi Arabia amounted to +451.2% per year.

Phosphinates And Phosphonates Imports

Imports into Jordan

After three years of decline, purchases abroad of phosphinates (hypophosphites) and phosphonates (phosphites) increased by 3.5% to X kg in 2022. Over the period under review, imports, however, faced a dramatic decrease. The pace of growth was the most pronounced in 2013 with an increase of 96%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, phosphinates and phosphonates imports reduced to $X in 2022. Overall, imports, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 94%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X kg), China (X kg) and Italy (X kg) were the main suppliers of phosphinates and phosphonates imports to Jordan, together accounting for 91% of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of -7.4%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of phosphinates (hypophosphites) and phosphonates (phosphites) to Jordan, comprising 73% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by Turkey, with a 1.9% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled -30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-22.7% per year) and Turkey (-39.1% per year).

Import Prices by Country

In 2022, the average phosphinates and phosphonates import price amounted to $X per ton, reducing by -8.8% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, phosphinates and phosphonates import price increased by +107.3% against 2017 indices. The growth pace was the most rapid in 2021 an increase of 47%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform