Price for Iron or Steel; Cast Articles in Jordan - 2022

Contents:

1. Price for Iron or Steel; Cast Articles in Jordan (CIF) - 2022
2. Price for Iron or Steel; Cast Articles in Jordan (FOB) - 2022
3. Imports of Iron or Steel; Cast Articles in Jordan
4. Exports of Iron or Steel; Cast Articles in Jordan

Price for Iron or Steel; Cast Articles in Jordan (CIF) - 2022

In 2022, the average import price for iron or steel; cast articleses amounted to $2,045 per ton, shrinking by -3.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 36%. The import price peaked at $2,123 per ton in 2021, and then shrank modestly in the following year.

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 Saudi Arabia ($3,540 per ton), while the price for Thailand ($1,285 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Iron or Steel; Cast Articles in Jordan (FOB) - 2022

In 2022, the average export price for iron or steel; cast articleses amounted to $1,204 per ton, falling by -2.3% against the previous year. Over the period under review, the export price recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when the average export price increased by 40%. The export price peaked at $2,151 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Iraq ($1,205 per ton) and Saudi Arabia ($1,205 per ton), while the average price for exports to Free Zones ($1,205 per ton) and Morocco ($1,205 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel; Cast Articles in Jordan

In 2022, the amount of iron or steel; cast articleses imported into Jordan totaled 1.4K tons, picking up by 4.7% compared with the year before. In general, imports, however, continue to indicate a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year.

In value terms, iron or steel; cast articles imports stood at $2.8M in 2022. Over the period under review, imports, however, continue to indicate a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 22%.

Top Suppliers of Iron or Steel; Cast Articles to Jordan in 2022:

1. Thailand (440.0 tons)
2. China (218.6 tons)
3. Egypt (136.8 tons)
4. Germany (131.9 tons)
5. Italy (120.8 tons)
6. United States (101.7 tons)
7. Saudi Arabia (53.1 tons)
8. Greece (45.7 tons)
9. Turkey (7.5 tons)
10. India (5.0 tons)
11. Spain (4.4 tons)

Exports of Iron or Steel; Cast Articles in Jordan

In 2022, shipments abroad of iron or steel; cast articleses decreased by -86.5% to 55 tons, falling for the second consecutive year after two years of growth. In general, exports showed a significant contraction. The pace of growth was the most pronounced in 2020 with an increase of 285%. As a result, the exports reached the peak of 1.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, iron or steel; cast articles exports reduced sharply to $66K in 2022. Overall, exports continue to indicate a significant decrease. The pace of growth appeared the most rapid in 2020 with an increase of 178% against the previous year. As a result, the exports reached the peak of $1.3M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Iron or Steel; Cast Articles from Jordan in 2022:

1. Saudi Arabia (49.4 tons)
2. Morocco (2.7 tons)
3. Free Zones (1.6 tons)
4. Qatar (0.4 tons)

Source: IndexBox Market Intelligence Platform