Jordan: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Jordan

After two years of decline, the Jordanian market for pulley tackle and hoists powered by an electric motor increased by 344% to $X in 2022. Overall, consumption continues to indicate strong growth. Consumption of peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Jordan

Exports of pulley tackle and hoists powered by an electric motor from Jordan shrank remarkably to X units in 2022, waning by -84.6% on 2021. In general, exports, however, showed tangible growth. The pace of growth appeared the most rapid in 2015 when exports increased by 400% against the previous year. The exports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, exports of pulley tackle and hoists powered by an electric motor reduced notably to $X in 2022. Over the period under review, exports recorded a noticeable downturn. The pace of growth was the most pronounced in 2021 when exports increased by 226% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Palestine (X units) was the main destination for exports of pulley tackle and hoists powered by an electric motor from Jordan, accounting for a 75% share of total exports. Moreover, exports of pulley tackle and hoists powered by an electric motor to Palestine exceeded the volume sent to the second major destination, Free Zones (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Palestine amounted to +11.6%.

In value terms, Palestine ($X) emerged as the key foreign market for pulley tackle and hoists powered by an electric motor exports from Jordan, comprising 83% of total exports. The second position in the ranking was held by Free Zones ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Palestine stood at +3.1%.

Export Prices by Country

In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, with a decrease of -23.5% against the previous year. Over the period under review, the export price recorded a drastic downturn. The growth pace was the most rapid in 2014 an increase of 121% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average 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 Palestine ($X per unit), while the average price for exports to Free Zones stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sudan (-4.8%), while the prices for the other major destinations experienced a decline.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Jordan

In 2022, overseas purchases of pulley tackle and hoists powered by an electric motor were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a remarkable increase. Over the period under review, imports of attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2022. In general, imports saw temperate growth. The pace of growth was the most pronounced in 2014 when imports increased by 310%. Over the period under review, imports of reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Jordan, with a 87% share of total imports. Moreover, imports of pulley tackle and hoists powered by an electric motor from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-13.9% per year) and India (+11.6% per year).

In value terms, China ($X) constituted the largest supplier of pulley tackle and hoists powered by an electric motor to Jordan, comprising 77% of total imports. The second position in the ranking was held by India ($X), with an 8.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +29.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+15.2% per year) and Germany (-9.3% per year).

Import Prices by Country

In 2022, the average import price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, which is down by -59.1% against the previous year. Over the period under review, the import price saw a slight shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 74% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+112.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform