Jordan: Market for Polypropylene in Primary Forms 2024

Market Size for Polypropylene in Primary Forms in Jordan

The Jordanian polypropylene in primary forms market shrank to $X in 2022, declining by -14.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a perceptible decline. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Exports of Polypropylene in Primary Forms

Exports from Jordan

Polypropylene in primary forms exports from Jordan fell remarkably to X tons in 2022, dropping by -39.5% compared with the previous year. Overall, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 260% against the previous year. As a result, the exports attained the peak of X tons, and then dropped sharply in the following year.

In value terms, polypropylene in primary forms exports declined notably to $X in 2022. In general, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 315%. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

Free Zones (X tons) was the main destination for polypropylene in primary forms exports from Jordan, accounting for a 81% share of total exports. Moreover, polypropylene in primary forms exports to Free Zones exceeded the volume sent to the second major destination, Iraq (X tons), eightfold. The third position in this ranking was held by Italy (X tons), with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Free Zones totaled +43.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-0.6% per year) and Italy (+13.3% per year).

In value terms, Free Zones ($X) remains the key foreign market for polypropylene in primary forms exports from Jordan, comprising 81% of total exports. The second position in the ranking was taken by Iraq ($X), with a 9.6% share of total exports. It was followed by Italy, with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones amounted to +45.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (+0.9% per year) and Italy (+21.4% per year).

Export Prices by Country

In 2022, the average polypropylene in primary forms export price amounted to $X per ton, increasing by 8% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2020 an increase of 18% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($X per ton) and Syrian Arab Republic ($X per ton), while the average price for exports to Free Zones ($X per ton) and Italy ($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 Italy (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Polypropylene in Primary Forms

Imports into Jordan

In 2022, approx. X tons of polypropylene in primary forms were imported into Jordan; which is down by -26.2% on the previous year. In general, imports continue to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2019 with an increase of 22% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, polypropylene in primary forms imports dropped notably to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 56% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) was the main supplier of polypropylene in primary forms to Jordan, accounting for a 91% share of total imports. Moreover, polypropylene in primary forms imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia totaled -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-5.2% per year) and Oman (+38.6% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of polypropylene in primary forms to Jordan, comprising 91% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.2% per year) and Oman (+25.6% per year).

Import Prices by Country

In 2022, the average polypropylene in primary forms import price amounted to $X per ton, surging by 6.3% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, polypropylene in primary forms import price increased by +67.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 47% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform