Price for Tractors; (Other than Tractors of Heading No 8709) in Jordan - 2022

Contents:

1. Price for Tractors; (Other than Tractors of Heading No 8709) in Jordan (CIF) - 2022
2. Price for Tractors; (Other than Tractors of Heading No 8709) in Jordan (FOB) - 2022
3. Imports of Tractors; (Other than Tractors of Heading No 8709) in Jordan
4. 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.

Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Jordan in 2022:

1. Germany (253.0 units)
2. Romania (245.0 units)
3. Bulgaria (126.0 units)
4. Poland (100.0 units)
5. Palestine (95.0 units)
6. Belgium (84.0 units)
7. Hungary (83.0 units)
8. Turkey (76.0 units)
9. Lithuania (71.0 units)
10. Slovenia (68.0 units)
11. Spain (63.0 units)
12. Czech Republic (54.0 units)
13. 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.

Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Jordan in 2022:

1. Free Zones (9.0 units)
2. Saudi Arabia (1.0 units)
3. Libya (1.0 units)
4. United Arab Emirates (1.0 units)
5. Sudan (1.0 units)
6. Oman (1.0 units)
7. Qatar (1.0 units)
8. France (1.0 units)
9. Germany (1.0 units)
10. Palestine (1.0 units)
11. Slovakia (1.0 units)
12. Iraq (1.0 units)
13. Kuwait (1.0 units)

Source: IndexBox Market Intelligence Platform