Price for Vehicles; Mobile Drilling Derricks in Jordan - 2022

Price for Vehicles; Mobile Drilling Derricks in Jordan (CIF) - 2022

The average vehicles; mobile drilling derricks import price stood at $313,381 per unit in 2022, picking up by 99% against the previous year. In general, the import price showed a prominent increase. The most prominent rate of growth was recorded in 2014 an increase of 2,138% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($528,169 per unit), while the price for Germany totaled $98,592 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+27.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vehicles; Mobile Drilling Derricks in Jordan (FOB) - 2022

The average vehicles; mobile drilling derricks export price stood at $17,606 per unit in 2022, which is down by -50% against the previous year. Overall, the export price saw a precipitous descent. The most prominent rate of growth was recorded in 2019 when the average export price decreased by -13.3%. Over the period under review, the average export prices hit record highs at $225,138 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Free Zones.

From 2013 to 2022, the rate of growth in terms of prices for Free Zones amounted to -27.8% per year.

Imports of Vehicles; Mobile Drilling Derricks in Jordan

In 2022, after three years of growth, there was significant decline in purchases abroad of vehicles; mobile drilling derrickses, when their volume decreased by -80% to 2 units. Over the period under review, imports showed a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of 10 units, and then dropped markedly in the following year.

In value terms, vehicles; mobile drilling derricks imports contracted rapidly to $627K in 2022. In general, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,293%. As a result, imports attained the peak of $1.7M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Vehicles; Mobile Drilling Derricks in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	12.8	54.5	22.9	528	245.5%
Germany	15.2	93.5	86.0	98.6	86.5%
United Arab Emirates	11.3	22.2	123	N/A	229.9%
Sweden	17.6	102	88.2	N/A	123.9%
United Kingdom	1.3	7.8	6.9	N/A	130.4%
Finland	15.2	N/A	N/A	N/A	0%
Oman	1.3	N/A	N/A	N/A	0%
Australia	3.6	25.9	27.7	N/A	177.4%
United States	41.4	207	1,224	N/A	443.7%
Turkey	N/A	1,155	N/A	N/A	0%
Others	N/A	N/A	N/A	N/A	0%
Total	120	1,668	1,579	627	73.5%

Top Suppliers of Vehicles; Mobile Drilling Derricks to Jordan in 2022:

India (1.0 units)
Germany (1.0 units)

Exports of Vehicles; Mobile Drilling Derricks in Jordan

After two years of decline, overseas shipments of vehicles; mobile drilling derrickses decreased by 0% to 1 units in 2022. Over the period under review, exports continue to indicate a dramatic descent. The smallest decline of 99.9% was in 2020. The exports peaked at 7 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, vehicles; mobile drilling derricks exports contracted dramatically to $18K in 2022. In general, exports saw a sharp decline. Over the period under review, the exports attained the peak figure at $1.4M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.