Jordan: Plastic Box Market 2024

Plastic Box Market Size in Jordan

The Jordanian plastic box market expanded to $X in 2022, with an increase of 4.1% against the previous year. Over the period under review, consumption continues to indicate a prominent increase. Plastic box consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Plastic Box Production in Jordan

In value terms, plastic box production expanded modestly to $X in 2022 estimated in export price. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 44% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Plastic Box Exports

Exports from Jordan

For the third consecutive year, Jordan recorded decline in overseas shipments of plastic boxes, cases, crates and similar packing articles, which decreased by -1.8% to X tons in 2022. Overall, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 65% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, plastic box exports totaled $X in 2022. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2019 with an increase of 44% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for plastic box exports from Jordan, with a 81% share of total exports. Moreover, plastic box exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X tons), more than tenfold. The third position in this ranking was held by Free Zones (X tons), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to -11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-3.3% per year) and Free Zones (+9.1% per year).

In value terms, Iraq ($X) remains the key foreign market for plastic boxes, cases, crates and similar packing articles exports from Jordan, comprising 83% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 7.7% share of total exports. It was followed by Free Zones, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq stood at -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+1.8% per year) and Free Zones (+12.3% per year).

Export Prices by Country

The average plastic box export price stood at $X per ton in 2022, growing by 3.8% against the previous year. Overall, the export price saw tangible growth. The growth pace was the most rapid in 2020 an increase of 59%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Israel ($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 Palestine (+7.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Box Imports

Imports into Jordan

In 2022, the amount of plastic boxes, cases, crates and similar packing articles imported into Jordan declined to X tons, with a decrease of -8% on the year before. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 23%. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, plastic box imports fell modestly to $X in 2022. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons), Turkey (X tons) and Lebanon (X tons) were the main suppliers of plastic box imports to Jordan, together comprising 65% of total imports. The United Arab Emirates, China, Italy, Hungary and Israel lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +44.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Saudi Arabia ($X), Turkey ($X) and Lebanon ($X) constituted the largest plastic box suppliers to Jordan, together comprising 65% of total imports. The United Arab Emirates, China, Italy, Hungary and Israel lagged somewhat behind, together accounting for a further 27%.

Among the main suppliers, Hungary, with a CAGR of +56.0%, recorded 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 plastic box import price stood at $X per ton in 2022, surging by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.0%. The growth pace was the most rapid in 2020 an increase of 37%. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Lebanon ($X per ton), while the price for Italy ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+17.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform