Jordan: Interchangeable Tool Market 2024

Interchangeable Tool Market Size in Jordan

The Jordanian interchangeable tool market declined significantly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a abrupt contraction. Interchangeable tool consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Interchangeable Tool Exports

Exports from Jordan

Interchangeable tool exports from Jordan was estimated at X tons in 2022, standing approx. at the previous year's figure. Over the period under review, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, interchangeable tool exports dropped rapidly to $X in 2022. In general, exports, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for interchangeable tool exports from Jordan, accounting for a X% share of total exports. Moreover, interchangeable tool exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for interchangeable tool exported from Jordan were Saudi Arabia ($X), the United Arab Emirates ($X) and Free Zones ($X), with a combined X% share of total exports. Kuwait, Bahrain, Israel, Oman and Egypt lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average interchangeable tool export price amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, posted prominent growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell rapidly in the following year.

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

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

Interchangeable Tool Imports

Imports into Jordan

In 2022, overseas purchases of interchangeable tools for hand tools decreased by X% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, interchangeable tool imports contracted significantly to $X in 2022. In general, imports saw a deep setback. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest interchangeable tool supplier to Jordan, accounting for a X% share of total imports. Moreover, interchangeable tool imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. Russia (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Russia (X% per year).

In value terms, China ($X) constituted the largest supplier of interchangeable tools for hand tools to Jordan, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average interchangeable tool import price amounted to $X per ton, shrinking by X% against the previous year. In general, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced in the following year.

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

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

Source: IndexBox Platform

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