Jordan: Saturated Acyclic Hydrocarbons Market 2024

Saturated Acyclic Hydrocarbons Market Size in Jordan

The Jordanian saturated acyclic hydrocarbons market expanded to $X in 2022, increasing by 3% against the previous year. Overall, consumption, however, saw strong growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Saturated Acyclic Hydrocarbons Production in Jordan

In value terms, saturated acyclic hydrocarbons production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 50% against the previous year. Saturated acyclic hydrocarbons production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Saturated Acyclic Hydrocarbons Exports

Exports from Jordan

In 2022, after two years of growth, there was decline in shipments abroad of saturated acyclic hydrocarbons, when their volume decreased by -0.2% to X tons. In general, exports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 181% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, saturated acyclic hydrocarbons exports shrank slightly to $X in 2022. Over the period under review, exports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2014 with an increase of 183% against the previous year. As a result, the exports reached 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 saturated acyclic hydrocarbons exports from Jordan, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at -23.2%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for saturated acyclic hydrocarbons exports from Jordan.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates totaled -20.0%.

Export Prices by Country

The average saturated acyclic hydrocarbons export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, saturated acyclic hydrocarbons export price increased by +87.5% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 29% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2021, and then reduced slightly in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +4.1% per year.

Saturated Acyclic Hydrocarbons Imports

Imports into Jordan

Saturated acyclic hydrocarbons imports into Jordan dropped markedly to X tons in 2022, with a decrease of -53.6% compared with 2021 figures. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 136%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, saturated acyclic hydrocarbons imports declined to $X in 2022. Overall, imports showed a slight decrease. The growth pace was the most rapid in 2021 when imports increased by 54%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of saturated acyclic hydrocarbons to Jordan, accounting for a 42% share of total imports. Moreover, saturated acyclic hydrocarbons imports from Spain exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. Romania (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to -5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+24.7% per year) and Romania (0.0% per year).

In value terms, Spain ($X), Belgium ($X) and China ($X) were the largest saturated acyclic hydrocarbons suppliers to Jordan, with a combined 65% share of total imports.

Among the main suppliers, China, with a CAGR of +63.9%, saw the highest growth rate of 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

In 2022, the average saturated acyclic hydrocarbons import price amounted to $X per ton, rising by 88% against the previous year. Overall, the import price recorded a noticeable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform