Price for Tractors; (Other than Tractors of Heading No 8709) in Jordan - 2022
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Jordan (CIF) - 2022
- Price for Tractors; (Other than Tractors of Heading No 8709) in Jordan (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Jordan
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Jordan
Price for Tractors; (Other than Tractors of Heading No 8709) in Jordan (CIF) - 2022
The average import price for tractors; (other than tractors of heading no 8709)s stood at $61,332 per unit in December 2022, picking up by 18% against the previous month. In general, import price indicated a slight expansion from January 2022 to December 2022: its price increased at an average monthly rate of +1.6% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for tractors; (other than tractors of heading no 8709)s decreased by -11.2% against August 2022 indices. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 86% against the previous month. As a result, import price reached the peak level of $69,063 per unit; afterwards, it flattened through to December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was China ($112K per unit), while the price for Turkey ($18,333 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was attained by China (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Jordan (FOB) - 2022
The average export price for tractors; (other than tractors of heading no 8709)s stood at $23,727 per unit in December 2022, picking up by 54% against the previous month. Overall, the export price, however, showed a mild slump. The most prominent rate of growth was recorded in August 2022 an increase of 263% m-o-m. Over the period under review, the average export prices attained the maximum at $45,692 per unit in June 2022; afterwards, it flattened through to December 2022.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Saudi Arabia ($45,679 per unit), while the average price for exports to Iraq ($9,146 per unit) was amongst the lowest.
From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Jordan
In 2022, the amount of tractors; (other than tractors of heading no 8709)s imported into Jordan reached 1.7K units, surging by 3.4% on the previous year's figure. The total import volume increased at an average annual rate of +12.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of tractors; (other than tractors of heading no 8709)s soared to $41M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Tractors; (Other than Tractors of Heading No 8709) in Jordan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 7.3 | 8.7 | 12.5 | 13.6 | 23.0% |
Romania | 1.6 | 1.1 | 2.1 | 5.2 | 48.1% |
Belgium | 3.8 | 4.8 | 2.2 | 2.9 | -8.6% |
Spain | N/A | 1.3 | N/A | 2.5 | 38.7% |
Austria | 0.3 | 0.2 | 1.0 | 1.8 | 81.7% |
Czech Republic | 0.4 | 0.8 | 1.1 | 1.6 | 58.7% |
Lithuania | 0.4 | 1.2 | 2.2 | 1.5 | 55.4% |
Bulgaria | 0.1 | 0.3 | 0.3 | 1.3 | 135.1% |
Palestine | N/A | 0.1 | 0.3 | 1.1 | 231.7% |
Hungary | 1.6 | 1.7 | 0.7 | 1.1 | -11.7% |
Turkey | 1.0 | 0.8 | 0.5 | 1.0 | 0.0% |
Poland | 1.6 | N/A | 2.2 | 0.9 | -17.5% |
Slovenia | 0.5 | 0.4 | 1.4 | 0.7 | 11.9% |
Others | 8.3 | 8.5 | 8.0 | 5.4 | -13.3% |
Total | 26.9 | 30.0 | 34.9 | 40.5 | 14.6% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Jordan in 2022:
- Germany (253.0 units)
- Romania (245.0 units)
- Bulgaria (126.0 units)
- Poland (100.0 units)
- Palestine (95.0 units)
- Belgium (84.0 units)
- Hungary (83.0 units)
- Turkey (76.0 units)
- Lithuania (71.0 units)
- Slovenia (68.0 units)
- Spain (63.0 units)
- Czech Republic (54.0 units)
- Austria (49.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Jordan
Exports of tractors; (other than tractors of heading no 8709)s from Jordan contracted rapidly to 23 units in 2022, reducing by -23.3% against the previous year's figure. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +35.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 76%. As a result, the exports attained the peak of 30 units, and then fell sharply in the following year.
In value terms, exports of tractors; (other than tractors of heading no 8709)s declined modestly to $541K in 2022. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 5,962% against the previous year. As a result, the exports attained the peak of $563K, and then dropped in the following year.
Export of Tractors; (Other than Tractors of Heading No 8709) in Jordan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Free Zones | 15.0 | 8.5 | 329 | 329 | 179.9% |
Qatar | 5.3 | 0.3 | 69.2 | 66.9 | 132.8% |
Saudi Arabia | 0.4 | N/A | 16.5 | 42.8 | 374.7% |
Oman | 0.8 | 0.1 | 71.3 | 29.4 | 232.5% |
Kuwait | 0.3 | 0.1 | 11.0 | 9.8 | 219.7% |
United Arab Emirates | 0.3 | N/A | 4.9 | 6.0 | 171.4% |
Sudan | 0.6 | N/A | 6.3 | 5.2 | 105.4% |
Germany | 0.3 | N/A | 6.2 | 5.1 | 157.1% |
France | 0.6 | N/A | 4.0 | 2.8 | 67.1% |
Slovakia | 0.4 | N/A | 3.1 | 2.4 | 81.7% |
Palestine | 0.4 | N/A | 0.5 | 1.7 | 62.0% |
Libya | 0.3 | N/A | 2.2 | 1.5 | 71.0% |
Iraq | 0.3 | N/A | 2.0 | 1.1 | 54.2% |
Others | 5.3 | 0.2 | 37.3 | 37.1 | 91.3% |
Total | 30.1 | 9.3 | 563 | 541 | 161.9% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Jordan in 2022:
- Free Zones (9.0 units)
- Saudi Arabia (1.0 units)
- Libya (1.0 units)
- United Arab Emirates (1.0 units)
- Sudan (1.0 units)
- Oman (1.0 units)
- Qatar (1.0 units)
- France (1.0 units)
- Germany (1.0 units)
- Palestine (1.0 units)
- Slovakia (1.0 units)
- Iraq (1.0 units)
- Kuwait (1.0 units)
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