Price for Safety Pins and Other Pins; of Iron or Steel in Jordan - 2022

Contents:

1. Price for Safety Pins and Other Pins; of Iron or Steel in Jordan (CIF) - 2022
2. Price for Safety Pins and Other Pins; of Iron or Steel in Jordan (FOB) - 2022
3. Imports of Safety Pins and Other Pins; of Iron or Steel in Jordan
4. Exports of Safety Pins and Other Pins; of Iron or Steel in Jordan

Price for Safety Pins and Other Pins; of Iron or Steel in Jordan (CIF) - 2022

In 2022, the average import price for safety pins and other pins; of iron or steels amounted to $5,682 per ton, leveling off at the previous year. In general, the import price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2019 an increase of 84% against the previous year. Over the period under review, average import prices hit record highs at $5,691 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($8,705 per ton), while the price for Taiwan (Chinese) ($1,560 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.7%), while the prices for the other major suppliers experienced a decline.

Price for Safety Pins and Other Pins; of Iron or Steel in Jordan (FOB) - 2022

In 2022, the average export price for safety pins and other pins; of iron or steels amounted to $11,500 per ton, reducing by -26.3% against the previous year. In general, the export price, however, enjoyed a significant increase. The growth pace was the most rapid in 2016 when the average export price increased by 99%. The export price peaked at $15,601 per ton in 2021, and then declined notably 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 Ghana ($71,727 per ton), while the average price for exports to Norway ($1,000 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (-62.9%).

Imports of Safety Pins and Other Pins; of Iron or Steel in Jordan

In 2022, the amount of safety pins and other pins; of iron or steels imported into Jordan soared to 54 tons, picking up by 48% on the previous year's figure. Overall, imports recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,000% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of safety pins and other pins; of iron or steels surged to $307K in 2022. In general, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 1,032% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Safety Pins and Other Pins; of Iron or Steel to Jordan in 2022:

1. China (28.5 tons)
2. Turkey (7.4 tons)
3. Japan (6.6 tons)
4. United States (5.6 tons)
5. United Arab Emirates (2.9 tons)
6. Taiwan (Chinese) (2.7 tons)
7. India (0.4 tons)

Exports of Safety Pins and Other Pins; of Iron or Steel in Jordan

In 2022, after two years of growth, there was significant decline in shipments abroad of safety pins and other pins; of iron or steels, when their volume decreased by -57.3% to 76 kg. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 178%. As a result, the exports attained the peak of 178 kg, and then contracted significantly in the following year.

In value terms, exports of safety pins and other pins; of iron or steels dropped notably to $874 in 2022. In general, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 301% against the previous year. As a result, the exports reached the peak of $2.8K, and then shrank rapidly in the following year.

Top Export Markets for Safety Pins and Other Pins; of Iron or Steel from Jordan in 2022:

1. Palestine (53.0 kg)
2. Ghana (11.0 kg)
3. Norway (11.0 kg)

Source: IndexBox Market Intelligence Platform