Jordan: Market for Reaction Initiators, Reaction Accelerators And Catalytic Preparations 2024

Market Size for Reaction Initiators, Reaction Accelerators And Catalytic Preparations in Jordan

The Jordanian reaction initiators and accelerators market contracted dramatically to $X in 2022, declining by -24% 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). Overall, consumption recorded a deep downturn. Reaction initiators and accelerators consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Exports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Exports from Jordan

Reaction initiators and accelerators exports from Jordan totaled X tons in 2022, almost unchanged from the year before. Overall, exports showed a drastic downturn. The smallest decline of -93.9% was in 2013. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, reaction initiators and accelerators exports amounted to $X in 2022. Over the period under review, exports continue to indicate a abrupt setback. The smallest decline of -94.1% was in 2013. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Saudi Arabia (X tons) and Germany (X kg) were the main destinations of reaction initiators and accelerators exports from Jordan.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of 0.0%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for reaction initiators and accelerators exported from Jordan were the United States ($X), Saudi Arabia ($X) and Germany ($X).

In terms of the main countries of destination, Saudi Arabia, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average reaction initiators and accelerators export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2013 when the average export price decreased by -3.8% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+5.5%).

Imports of Reaction Initiators, Reaction Accelerators And Catalytic Preparations

Imports into Jordan

For the third year in a row, Jordan recorded decline in purchases abroad of reaction initiators, reaction accelerators and catalytic preparations, which decreased by -24% to X tons in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 145% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, reaction initiators and accelerators imports reduced dramatically to $X in 2022. In general, imports, however, enjoyed a measured increase. The pace of growth was the most pronounced in 2016 with an increase of 128% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and Finland (X tons) were the main suppliers of reaction initiators and accelerators imports to Jordan, with a combined 61% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +40.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of reaction initiators, reaction accelerators and catalytic preparations to Jordan, comprising 40% of total imports. The second position in the ranking was held by Germany ($X), with a 16% share of total imports. It was followed by Finland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +35.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+14.4% per year) and Finland (+9.6% per year).

Import Prices by Country

The average reaction initiators and accelerators import price stood at $X per ton in 2022, surging by 11% against the previous year. In general, the import price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 an increase of 150% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average 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 the United States ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform