Jordan: Semi-Manufactured Silver Market 2024

Semi-Manufactured Silver Market Size in Jordan

The Jordanian semi-manufactured silver market expanded significantly to $X in 2023, surging by X% against the previous year. In general, consumption posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Semi-Manufactured Silver Production in Jordan

In value terms, semi-manufactured silver production soared to $X in 2023 estimated in export price. In general, production posted a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by X%. Semi-manufactured silver production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Semi-Manufactured Silver Exports

Exports from Jordan

In 2023, shipments abroad of silver in semi-manufactured forms decreased by X% to X kg, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, recorded prominent growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X kg in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, semi-manufactured silver exports skyrocketed to $X in 2023. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X kg) was the main destination for semi-manufactured silver exports from Jordan, with a approx. X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for silver in semi-manufactured forms exports from Jordan.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates amounted to X%.

Export Prices by Country

In 2023, the average semi-manufactured silver export price amounted to $X,779 per ton, growing by X% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X,779 per ton in 2021; afterwards, it flattened through to 2023.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2023, the rate of growth in terms of prices for the United States amounted to X% per year.

Semi-Manufactured Silver Imports

Imports into Jordan

In 2023, overseas purchases of silver in semi-manufactured forms decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, semi-manufactured silver imports fell slightly to $X in 2023. Over the period under review, imports, however, showed significant growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United States (X tons) constituted the largest semi-manufactured silver supplier to Jordan, accounting for a X% share of total imports. Moreover, semi-manufactured silver imports from the United States exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X kg), fourfold. The third position in this ranking was taken by Italy (X kg), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Italy (X% per year).

In value terms, the United States ($X) constituted the largest supplier of silver in semi-manufactured forms to Jordan, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average semi-manufactured silver import price stood at $X per ton in 2023, approximately mirroring the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, semi-manufactured silver import price increased by X% against 2018 indices. The growth pace was the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2022, and then declined slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X,053 per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform