MDF Price in Jordan - 2022
Contents:
- MDF Price in Jordan (CIF) - 2022
- MDF Price in Jordan (FOB) - 2022
- MDF Imports in Jordan
- MDF Exports in Jordan
MDF Price in Jordan (CIF) - 2022
The average MDF import price stood at $773 per cubic meter in 2022, surging by 29% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, MDF import price increased by +120.0% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($951 per cubic meter), while the price for Brazil ($605 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Jordan (FOB) - 2022
The average MDF export price stood at $553 per cubic meter in 2022, which is down by -3.7% against the previous year. Overall, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 an increase of 63% against the previous year. Over the period under review, the average export prices attained the maximum at $1,381 per cubic meter 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 country with the highest price was Free Zones ($597 per cubic meter), while the average price for exports to Saudi Arabia stood at $545 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+59.9%), while the prices for the other major destinations experienced a decline.
MDF Imports in Jordan
In 2022, the amount of MDF imported into Jordan fell sharply to 24K cubic meters, with a decrease of -45.6% on 2021. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 59%. As a result, imports attained the peak of 44K cubic meters, and then declined notably in the following year.
In value terms, MDF imports declined rapidly to $18M in 2022. Over the period under review, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 99% against the previous year. As a result, imports reached the peak of $26M, and then shrank significantly in the following year.
| Import of MDF in Jordan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.9 | 4.2 | 11.6 | 10.0 | 36.9% |
| Thailand | 2.5 | 3.5 | 3.8 | 3.5 | 11.9% |
| Turkey | 0.8 | 1.0 | 1.2 | 2.3 | 42.2% |
| Italy | 0.1 | N/A | 0.1 | 0.9 | 108.0% |
| Bulgaria | 0.1 | 0.1 | 0.4 | 0.8 | 100.0% |
| Malaysia | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
| Spain | 0.6 | 0.6 | 0.4 | 0.2 | -30.7% |
| Saudi Arabia | 0.3 | 0.5 | 0.5 | 0.1 | -30.7% |
| Indonesia | 0.9 | 0.8 | 1.3 | N/A | 20.2% |
| Others | 2.0 | 2.2 | 6.7 | 0.4 | -41.5% |
| Total | 11.5 | 13.2 | 26.2 | 18.4 | 17.0% |
Top Suppliers of MDF to Jordan in 2022:
- Indonesia (undefinedK cubic meters)
- China (13.0K cubic meters)
- Thailand (4.5K cubic meters)
- Turkey (3.0K cubic meters)
- Bulgaria (1.1K cubic meters)
- Italy (0.9K cubic meters)
- Malaysia (0.3K cubic meters)
- Spain (0.3K cubic meters)
- Saudi Arabia (0.1K cubic meters)
MDF Exports in Jordan
MDF exports from Jordan soared to 1.9K cubic meters in 2022, picking up by 525% compared with the previous year's figure. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, MDF exports skyrocketed to $1M in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 798%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of MDF in Jordan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | 5.6 | 89.9 | 858 | 1137.8% |
| Free Zones | 44.7 | 13.8 | 39.9 | 189 | 61.7% |
| Syrian Arab Republic | N/A | N/A | 43.2 | N/A | 0% |
| Others | 0.5 | N/A | 0.9 | 1.4 | 40.9% |
| Total | 45.2 | 19.4 | 174 | 1,048 | 185.2% |
Top Export Markets for MDF from Jordan in 2022:
- Saudi Arabia (1574.0 cubic meters)
- Free Zones (316.0 cubic meters)
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