Jordan: Plastic Ornamental Articles Market 2024

Plastic Ornamental Articles Market Size in Jordan

In 2022, the Jordanian plastic ornamental articles market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a precipitous shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Plastic Ornamental Articles Exports

Exports from Jordan

In 2022, approx. X tons of statuettes and other ornamental articles of plastic were exported from Jordan; which is down by -9.9% against 2021. Over the period under review, exports showed a perceptible slump. The pace of growth appeared the most rapid in 2019 when exports increased by 1,284%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, plastic ornamental articles exports soared to $X in 2022. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 when exports increased by 1,165% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) and Iraq (X tons) were the main destinations of plastic ornamental articles 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 Iraq (with a CAGR of +224.3%).

In value terms, Saudi Arabia ($X) and Iraq ($X) constituted the largest markets for plastic ornamental articles exported from Jordan worldwide.

In terms of the main countries of destination, Iraq, with a CAGR of +173.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average plastic ornamental articles export price stood at $X per ton in 2022, increasing by 39% against the previous year. Overall, the export price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 136%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average 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 Iraq ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (+134.3%), while the prices for the other major destinations experienced mixed trend patterns.

Plastic Ornamental Articles Imports

Imports into Jordan

For the third consecutive year, Jordan recorded decline in purchases abroad of statuettes and other ornamental articles of plastic, which decreased by -6.2% to X tons in 2022. Overall, imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2015 when imports increased by 106% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, plastic ornamental articles imports expanded remarkably to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by 27% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest plastic ornamental articles supplier to Jordan, with a 70% share of total imports. Moreover, plastic ornamental articles imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), sixfold. India (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+76.2% per year) and India (+24.3% per year).

In value terms, China ($X) constituted the largest supplier of statuettes and other ornamental articles of plastic to Jordan, comprising 70% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 12% share of total imports. It was followed by India, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+41.2% per year) and India (+22.3% per year).

Import Prices by Country

The average plastic ornamental articles import price stood at $X per ton in 2022, rising by 13% against the previous year. Over the period under review, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 115% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Turkey ($X per ton) and Indonesia ($X per ton), while the price for India ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform