Jordan: Vacuum Pump Market 2024

Vacuum Pump Market Size in Jordan

In 2022, the Jordanian vacuum pump market increased by 1.4% to $X, rising for the fourth consecutive year after four years of decline. Over the period under review, consumption, however, recorded a abrupt setback. Vacuum pump consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Vacuum Pump Production in Jordan

In value terms, vacuum pump production declined modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by 15%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Vacuum Pump Exports

Exports from Jordan

In 2022, overseas shipments of vacuum pumps decreased by -71.4% to X units, falling for the fourth year in a row after three years of growth. Overall, exports continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 5,933% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, vacuum pump exports shrank to $X in 2022. Over the period under review, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 578% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X units) was the main destination for vacuum pump exports from Jordan, accounting for a 1,327% share of total exports. It was followed by Iraq (X units), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Free Zones stood at +70.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (-6.4% per year) and the United States (-19.7% per year).

In value terms, Free Zones ($X) emerged as the key foreign market for vacuum pumps exports from Jordan, comprising 55% of total exports. The second position in the ranking was held by the United States ($X), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Free Zones stood at +56.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-18.4% per year) and Iraq (-8.5% per year).

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, with an increase of 248% against the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of 7,100% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Free Zones ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.7%), while the prices for the other major destinations experienced a decline.

Vacuum Pump Imports

Imports into Jordan

In 2022, purchases abroad of vacuum pumps increased by 85% to X units, rising for the second year in a row after two years of decline. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 215%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, vacuum pump imports surged to $X in 2022. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 193%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X units) constituted the largest vacuum pump supplier to Jordan, with a 12% share of total imports. Moreover, vacuum pump imports from Italy exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fourfold. The third position in this ranking was held by Germany (X units), with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled +67.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+52.5% per year) and Germany (+1.4% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Germany ($X) appeared to be the largest vacuum pump suppliers to Jordan, with a combined 20% share of total imports.

Taiwan (Chinese), with a CAGR of +44.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 vacuum pump import price amounted to $X per unit, which is down by -14.5% against the previous year. Overall, the import price showed a deep contraction. The growth pace was the most rapid in 2017 an increase of 4.8% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform