Jordan: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in Jordan

The Jordanian special vehicle body market expanded notably to $X in 2022, surging by X% against the previous year. Overall, consumption recorded pronounced growth. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Special Vehicle Body Production in Jordan

In value terms, special vehicle body production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Special vehicle body production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Special Vehicle Body Exports

Exports from Jordan

In 2022, after two years of growth, there was significant decline in shipments abroad of bodies for special purpose motor vehicles, when their volume decreased by X% to X units. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, special vehicle body exports shrank significantly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Qatar (X units) was the main destination for special vehicle body exports from Jordan, accounting for a X% share of total exports. Moreover, special vehicle body exports to Qatar exceeded the volume sent to the second major destination, Free Zones (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and Palestine (X% per year).

In value terms, the largest markets for special vehicle body exported from Jordan were Qatar ($X), Free Zones ($X) and Palestine ($X).

Among the main countries of destination, Qatar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average special vehicle body export price amounted to $X per unit, shrinking by X% against the previous year. In general, the export price showed a dramatic descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to Palestine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced a decline.

Special Vehicle Body Imports

Imports into Jordan

Special vehicle body imports into Jordan stood at X units in 2022, picking up by X% against 2021. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, special vehicle body imports rose remarkably to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest special vehicle body supplier to Jordan, with a X% share of total imports. Moreover, special vehicle body imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X units), sevenfold. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

In value terms, Germany ($X) constituted the largest supplier of bodies for special purpose motor vehicles to Jordan, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The average special vehicle body import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price, however, recorded buoyant growth. The growth pace was the most rapid in 2016 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($X per unit) and the United States ($X per unit), while the price for Egypt ($X per unit) and Germany ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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