Jordan: Market for Prepared Additives For Cements, Mortars Or Concretes 2024

Market Size for Prepared Additives For Cements, Mortars Or Concretes in Jordan

The Jordanian prepared additives for cements market reached $X in 2022, surging by 13% against the previous year. Overall, consumption showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Prepared Additives For Cements, Mortars Or Concretes in Jordan

In value terms, prepared additives for cements production rose notably to $X in 2022 estimated in export price. In general, production recorded noticeable growth. The growth pace was the most rapid in 2013 with an increase of 89%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Prepared Additives For Cements, Mortars Or Concretes

Exports from Jordan

In 2022, overseas shipments of prepared additives for cements, mortars or concretes decreased by -13.4% to X tons, falling for the third year in a row after three years of growth. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 60% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, prepared additives for cements exports rose notably to $X in 2022. Over the period under review, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by 85%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons) was the main destination for prepared additives for cements exports from Jordan, accounting for a 54% share of total exports. Moreover, prepared additives for cements exports to Iraq exceeded the volume sent to the second major destination, Palestine (X tons), fourfold. The third position in this ranking was held by Qatar (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Iraq stood at -15.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+35.7% per year) and Qatar (+3.1% per year).

In value terms, Iraq ($X) remains the key foreign market for prepared additives for cements, mortars or concretes exports from Jordan, comprising 54% of total exports. The second position in the ranking was taken by Palestine ($X), with a 15% share of total exports. It was followed by Qatar, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to Iraq amounted to -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Palestine (+48.1% per year) and Qatar (+1.5% per year).

Export Prices by Country

The average prepared additives for cements export price stood at $X per ton in 2022, picking up by 33% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 45%. The export price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Iraq ($X per ton) and Lebanon ($X per ton), while the average price for exports to Qatar ($X per ton) and Israel ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Additives For Cements, Mortars Or Concretes

Imports into Jordan

In 2022, overseas purchases of prepared additives for cements, mortars or concretes increased by 3.1% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by 26% against the previous year. 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, prepared additives for cements imports rose notably to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 42%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), Saudi Arabia (X tons) and China (X tons) were the main suppliers of prepared additives for cements imports to Jordan, together comprising 83% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Russia (with a CAGR of +43.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared additives for cements suppliers to Jordan were Russia ($X), Saudi Arabia ($X) and China ($X), with a combined 83% share of total imports.

Russia, with a CAGR of +52.3%, saw 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

In 2022, the average prepared additives for cements import price amounted to $X per ton, surging by 6.6% against the previous year. Overall, the import price saw strong growth. The growth pace was the most rapid in 2020 an increase of 59%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton) and Russia ($X per ton), while the price for South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform