Jordan: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Jordan

The Jordanian non-electric pulley tackle market soared to $X in 2022, picking up by 40% against the previous year. In general, consumption continues to indicate prominent growth. Non-electric pulley tackle consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Non-Electric Pulley Tackle Production in Jordan

In value terms, non-electric pulley tackle production expanded slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.9% against 2020 indices. The most prominent rate of growth was recorded in 2015 with an increase of 24% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Non-Electric Pulley Tackle Exports

Exports from Jordan

In 2022, after three years of decline, there was significant growth in overseas shipments of pulley tackle and hoists, non-powered by electric motor, when their volume increased by 172% to X units. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by 2,031% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-electric pulley tackle exports surged to $X in 2022. In general, exports saw prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 2,811%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Free Zones (X units) was the main destination for non-electric pulley tackle exports from Jordan, accounting for a 96% share of total exports. Moreover, non-electric pulley tackle exports to Free Zones exceeded the volume sent to the second major destination, Palestine (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Free Zones stood at +31.7%.

In value terms, Free Zones ($X) emerged as the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Jordan, comprising 96% of total exports. The second position in the ranking was held by Palestine ($X), with a 3.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones totaled +37.0%.

Export Prices by Country

In 2022, the average non-electric pulley tackle export price amounted to $X per unit, growing by 28% against the previous year. Over the period under review, the export price showed a temperate increase. The pace of growth appeared the most rapid in 2019 an increase of 90%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to Palestine amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+7.3%), while the prices for the other major destinations experienced mixed trend patterns.

Non-Electric Pulley Tackle Imports

Imports into Jordan

In 2022, approx. X units of pulley tackle and hoists, non-powered by electric motor were imported into Jordan; picking up by 268% on 2021 figures. Over the period under review, imports enjoyed a resilient increase. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, non-electric pulley tackle imports shrank to $X in 2022. Overall, imports posted a slight expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 88%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-electric pulley tackle to Jordan, with a 38% share of total imports. Moreover, non-electric pulley tackle imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 2.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+18.0% per year) and Taiwan (Chinese) (+8.5% per year).

In value terms, the largest non-electric pulley tackle suppliers to Jordan were Germany ($X), China ($X) and Taiwan (Chinese) ($X), together comprising 76% of total imports.

Germany, with a CAGR of +20.2%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average non-electric pulley tackle import price amounted to $X per unit, shrinking by -73.1% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2021 an increase of 246% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform