Jordan: Market for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers 2024

Market Size for Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Jordan

The Jordanian spindles and spindle flyer market contracted notably to $X in 2022, with a decrease of -55.9% against the previous year. Over the period under review, consumption saw a sharp slump. Spindles and spindle flyer consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers in Jordan

In value terms, spindles and spindle flyer production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 4.9%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Exports from Jordan

In 2022, approx. X kg of spindles and spindle flyers, spinning ring and ring travellers were exported from Jordan; with an increase of 4.3% compared with 2021 figures. Overall, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spindles and spindle flyer exports dropped rapidly to $X in 2022. In general, exports showed significant growth. The exports peaked at $X in 2021, and then fell notably in the following year.

Exports by Country

Germany (X kg) was the main destination for spindles and spindle flyer exports from Jordan, with a 49% share of total exports. It was followed by Belgium (X kg), with a 1.4% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to Germany was relatively modest.

In value terms, Germany ($X) emerged as the key foreign market for spindles and spindle flyers, spinning ring and ring travellers exports from Jordan, comprising 41% of total exports. The second position in the ranking was held by Belgium ($X), with a 9% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of value to Germany was relatively modest.

Export Prices by Country

In 2022, the average spindles and spindle flyer export price amounted to $X per ton, reducing by -26% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then fell dramatically in the following year.

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 Belgium ($X per ton), while the average price for exports to Germany amounted to $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spindles And Spindle Flyers, Spinning Ring And Ring Travellers

Imports into Jordan

In 2022, the amount of spindles and spindle flyers, spinning ring and ring travellers imported into Jordan plummeted to X kg, dropping by -29.6% compared with the previous year. In general, imports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 557% against the previous year. Over the period under review, imports hit record highs at X kg in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, spindles and spindle flyer imports contracted markedly to $X in 2022. Over the period under review, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 478%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kuwait (X kg) constituted the largest supplier of spindles and spindle flyer to Jordan, accounting for a 82% share of total imports. Moreover, spindles and spindle flyer imports from Kuwait exceeded the figures recorded by the second-largest supplier, Germany (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume from Kuwait amounted to -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-7.8% per year) and the United Arab Emirates (-24.4% per year).

In value terms, Kuwait ($X), the United Arab Emirates ($X) and Germany ($X) appeared to be the largest spindles and spindle flyer suppliers to Jordan.

Germany, with a CAGR of +2.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average spindles and spindle flyer import price amounted to $X per ton, dropping by -16.6% against the previous year. Over the period under review, the import price, however, posted resilient growth. The pace of growth was the most pronounced in 2020 an increase of 210% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 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 the United Arab Emirates ($X per ton), while the price for Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform