Jordan: Market for Plastics Pipes And Pipe Fittings 2024

Market Size for Plastics Pipes And Pipe Fittings in Jordan

The Jordanian market for plastics pipes and pipe fittings totaled $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, recorded resilient growth. Plastics pipe and pipe fitting consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Plastics Pipes And Pipe Fittings in Jordan

In value terms, plastics pipe and pipe fitting production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 35% against the previous year. Plastics pipe and pipe fitting production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Plastics Pipes And Pipe Fittings

Exports from Jordan

For the fourth year in a row, Jordan recorded decline in overseas shipments of plastics pipes and pipe fittings, which decreased by -20.3% to X tons in 2022. Overall, exports saw a deep downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 33%. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, plastics pipe and pipe fitting exports amounted to $X in 2022. Over the period under review, exports saw a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of 24% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for plastics pipe and pipe fitting exports from Jordan, accounting for a 70% share of total exports. Moreover, plastics pipe and pipe fitting exports to Iraq exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sevenfold. The third position in this ranking was held by Saudi Arabia (X tons), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq amounted to -19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-5.7% per year) and Saudi Arabia (-25.5% per year).

In value terms, Iraq ($X) remains the key foreign market for plastics pipes and pipe fittings exports from Jordan, comprising 64% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by the United Arab Emirates, with a 6.1% share.

From 2012 to 2022, the average annual growth rate of value to Iraq amounted to -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-10.4% per year) and the United Arab Emirates (+4.0% per year).

Export Prices by Country

The average export price for plastics pipes and pipe fittings stood at $X per ton in 2022, surging by 27% against the previous year. Over the period under review, the export price posted a buoyant increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 130% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per ton), while the average price for exports to the United Arab Emirates ($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 Saudi Arabia (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plastics Pipes And Pipe Fittings

Imports into Jordan

In 2022, the amount of plastics pipes and pipe fittings imported into Jordan fell remarkably to X tons, reducing by -52.5% against 2021 figures. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 124% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, plastics pipe and pipe fitting imports fell sharply to $X in 2022. Over the period under review, imports, however, saw a noticeable expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 110%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest plastics pipe and pipe fitting supplier to Jordan, with a 33% share of total imports. Moreover, plastics pipe and pipe fitting imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, Oman (X tons), twofold. The third position in this ranking was held by Italy (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (+24.9% per year) and Italy (+8.7% per year).

In value terms, the largest plastics pipe and pipe fitting suppliers to Jordan were Saudi Arabia ($X), Oman ($X) and Italy ($X), with a combined 57% share of total imports.

Among the main suppliers, Oman, with a CAGR of +33.4%, 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

In 2022, the average import price for plastics pipes and pipe fittings amounted to $X per ton, surging by 9.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2013 an increase of 18%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform