Jordan: Market for Containers for compressed or liquefied gas, of iron or steel 2024

Market Size for Containers for compressed or liquefied gas, of iron or steel in Jordan

The Jordanian market for containers for compressed or liquefied gas, of iron or steel fell notably to $X in 2023, waning by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2023, consumption failed to regain momentum.

Exports of Containers for compressed or liquefied gas, of iron or steel

Exports from Jordan

After two years of decline, overseas shipments of containers for compressed or liquefied gas, of iron or steel increased by X% to X units in 2023. Over the period under review, exports, however, saw a abrupt slump. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2021 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of containers for compressed or liquefied gas, of iron or steel declined to $X in 2023. In general, exports showed modest growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports of remained at a lower figure.

Exports by Country

Free Zones (X units) was the main destination for exports of containers for compressed or liquefied gas, of iron or steel from Jordan, accounting for a X% share of total exports. Moreover, exports of containers for compressed or liquefied gas, of iron or steel to Free Zones exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold. Turkey (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Free Zones totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

In value terms, Free Zones ($X) remains the key foreign market for containers for compressed or liquefied gas, of iron or steel exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Free Zones stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2023, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $X per unit, dropping by X% against the previous year. In general, the export price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2022, and then contracted rapidly in the following year.

Average prices varied noticeably for the major foreign markets. In 2023, amid the top suppliers, the countries with the highest prices were Kuwait ($X per unit) and the United Arab Emirates ($X per unit), while the average price for exports to Free Zones ($X per unit) and Qatar ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Containers for compressed or liquefied gas, of iron or steel

Imports into Jordan

Imports of containers for compressed or liquefied gas, of iron or steel into Jordan fell remarkably to X units in 2023, waning by X% on the previous year's figure. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, imports of containers for compressed or liquefied gas, of iron or steel declined remarkably to $X in 2023. Overall, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

Italy (X units), Mexico (X units) and China (X units) were the main suppliers of imports of containers for compressed or liquefied gas, of iron or steel to Jordan, together accounting for X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Mexico ($X) and China ($X) were the largest containers for compressed or liquefied gas, of iron or steel suppliers to Jordan, with a combined X% share of total imports.

Among the main suppliers, Mexico, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average import price for containers for compressed or liquefied gas, of iron or steel amounted to $X per unit, leveling off at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the highest price was recorded for prices from Italy ($X per unit) and India ($X per unit), while the price for Turkey ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform