Jordan: Photo Camera Market 2024

Photo Camera Market Size in Jordan

The Jordanian photo camera market expanded rapidly to $X in 2022, increasing by 5.6% against the previous year. Overall, consumption, however, continues to indicate a noticeable setback. Photo camera consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Photo Camera Production in Jordan

In value terms, photo camera production rose rapidly to $X in 2022 estimated in export price. In general, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Photo camera production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Photo Camera Exports

Exports from Jordan

In 2022, shipments abroad of photographic (other than cinematographic) cameras was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports enjoyed a resilient increase. The pace of growth appeared the most rapid in 2018 when exports increased by 135% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, photo camera exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep reduction. The pace of growth appeared the most rapid in 2019 when exports increased by 99%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Iraq (X units) was the main destination for photo camera exports from Jordan, with a 78% share of total exports. Moreover, photo camera exports to Iraq exceeded the volume sent to the second major destination, Free Zones (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq stood at +8.1%.

In value terms, Iraq ($X) remains the key foreign market for photographic (other than cinematographic) cameras exports from Jordan, comprising 74% of total exports. The second position in the ranking was held by Free Zones ($X), with a 21% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq amounted to -8.9%.

Export Prices by Country

In 2022, the average photo camera export price amounted to $X per unit, growing by 1.5% against the previous year. Overall, the export price, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of 33%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to Iraq amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-15.7%).

Photo Camera Imports

Imports into Jordan

Photo camera imports into Jordan declined dramatically to X units in 2022, shrinking by -36.7% against the previous year. Over the period under review, imports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 525%. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, photo camera imports contracted notably to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 232%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Thailand (X units) and the United States (X units) were the main suppliers of photo camera imports to Jordan, with a combined 75% share of total imports. The Philippines, Japan, the United Arab Emirates and Mexico lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +132.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Thailand ($X) and China ($X) were the largest photo camera suppliers to Jordan, together comprising 54% of total imports. Japan, the United Arab Emirates, the Philippines and Mexico lagged somewhat behind, together accounting for a further 26%.

The Philippines, with a CAGR of +55.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average photo camera import price stood at $X per unit in 2022, with a decrease of -70.1% against the previous year. Over the period under review, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 319% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform