Jordan: Printing Press Market 2024

Printing Press Market Size in Jordan

The Jordanian printing press market reduced remarkably to $X in 2022, falling by -45.1% against the previous year. Over the period under review, consumption, however, recorded significant growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Printing Press Production in Jordan

In value terms, printing press production shrank remarkably to $X in 2022 estimated in export price. In general, production, however, posted a significant increase. The growth pace was the most rapid in 2021 when the production volume increased by 9,574% against the previous year. Printing press production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Printing Press Exports

Exports from Jordan

Printing press exports from Jordan shrank rapidly to X units in 2022, declining by -65% compared with the year before. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 1,731%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, printing press exports fell markedly to $X in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by 165% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Free Zones (X units) was the main destination for printing press exports from Jordan, with a 87% share of total exports. It was followed by the United Arab Emirates (X units), with a 2.5% share of total exports. Sudan (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume to Free Zones stood at +14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-1.8% per year) and Sudan (+2.3% per year).

In value terms, Free Zones ($X) remains the key foreign market for printing presses exports from Jordan, comprising 58% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Syrian Arab Republic, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones stood at +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+1.9% per year) and Syrian Arab Republic (-0.3% per year).

Export Prices by Country

The average printing press export price stood at $X per unit in 2022, picking up by 104% against the previous year. Over the period under review, the export price, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 855% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Free Zones ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Printing Press Imports

Imports into Jordan

In 2022, supplies from abroad of printing presses increased by 15% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a deep slump. The growth pace was the most rapid in 2018 with an increase of 264% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, printing press imports declined sharply to $X in 2022. In general, imports, however, saw a deep slump. The growth pace was the most rapid in 2021 when imports increased by 207%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) constituted the largest supplier of printing press to Jordan, accounting for a 23% share of total imports. Moreover, printing press imports from Thailand exceeded the figures recorded by the second-largest supplier, the UK (X units), twofold. Indonesia (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from Thailand amounted to +34.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+6.9% per year) and Indonesia (+48.5% per year).

In value terms, the largest printing press suppliers to Jordan were Germany ($X), Italy ($X) and China ($X), with a combined 48% share of total imports. Thailand, the United States, the UK, Indonesia, Taiwan (Chinese), India, Hong Kong SAR, Belgium and France lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Indonesia, with a CAGR of +41.9%, 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

The average printing press import price stood at $X per unit in 2022, declining by -56% against the previous year. Overall, the import price faced a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 54%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 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 India ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform