Jordan: Refined Copper Market 2025

Refined Copper Market Size in Jordan

The Jordanian refined copper market was estimated at $X in 2022, increasing by 1.7% against the previous year. In general, consumption, however, showed a pronounced setback. The pace of growth was the most pronounced in 2020 with an increase of 6.5% against the previous year. Refined copper consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Refined Copper Production in Jordan

In value terms, refined copper production reached $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 7.8%. Refined copper production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Refined Copper Exports

Exports from Jordan

In 2022, overseas shipments of refined copper (unwrought, not alloyed) decreased by -33.6% to X tons, falling for the second year in a row after three years of growth. Overall, exports, however, posted a significant expansion. The growth pace was the most rapid in 2014 with an increase of 1,342% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, refined copper exports fell rapidly to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 1,522% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for refined copper exports from Jordan, accounting for a 61% share of total exports. Moreover, refined copper exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates totaled +47.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+21.6% per year) and Free Zones (+10.5% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for refined copper (unwrought, not alloyed) exports from Jordan, comprising 64% of total exports. The second position in the ranking was taken by China ($X), with a 32% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at +50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+28.2% per year) and Free Zones (-1.4% per year).

Export Prices by Country

In 2022, the average refined copper export price amounted to $X per ton, with a decrease of -4.4% against the previous year. In general, the export price recorded a slight setback. The pace of growth was the most pronounced in 2021 an increase of 56%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Free Zones ($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 China (+5.4%), while the prices for the other major destinations experienced mixed trend patterns.

Refined Copper Imports

Imports into Jordan

In 2022, supplies from abroad of refined copper (unwrought, not alloyed) increased by 29% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, faced a sharp descent. The pace of growth appeared the most rapid in 2021 with an increase of 42%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, refined copper imports surged to $X in 2022. In general, imports, however, saw a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 67%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest refined copper supplier to Jordan, with a 76% share of total imports. Moreover, refined copper imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), sixfold. The third position in this ranking was held by India (X tons), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates amounted to -36.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-34.0% per year) and India (+44.0% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of refined copper (unwrought, not alloyed) to Jordan, comprising 73% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 12% share of total imports. It was followed by India, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled -35.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (-32.7% per year) and India (+42.2% per year).

Import Prices by Country

In 2022, the average refined copper import price amounted to $X per ton, growing by 5.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 an increase of 41% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Italy ($X per ton), while the price for Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform