Jordan: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in Jordan

The Jordanian internal combustion engines market surged to $X in 2022, jumping by 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). Over the period under review, consumption enjoyed a measured expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Internal Combustion Engines Exports

Exports from Jordan

In 2022, internal combustion engines exports from Jordan surged to X units, jumping by X% on 2021 figures. Over the period under review, exports, however, recorded a abrupt setback. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, internal combustion engines exports surged to $X in 2022. Overall, exports, however, faced a abrupt slump. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Free Zones (X units) was the main destination for internal combustion engines exports from Jordan, with a X% share of total exports. Moreover, internal combustion engines exports to Free Zones exceeded the volume sent to the second major destination, Saudi Arabia (X units), more than tenfold.

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

In value terms, Free Zones ($X) remains the key foreign market for motor vehicles compression-ignition internal combustion piston engines exports from Jordan, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Free Zones stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2022, the average internal combustion engines export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price saw a perceptible setback. The growth pace was the most rapid in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

Internal Combustion Engines Imports

Imports into Jordan

In 2022, the amount of motor vehicles compression-ignition internal combustion piston engines imported into Jordan surged to X units, with an increase of X% against the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, internal combustion engines imports skyrocketed to $X in 2022. In general, imports recorded a temperate expansion. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X units), South Korea (X units) and Japan (X units) were the main suppliers of internal combustion engines imports to Jordan, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), South Korea ($X) and Japan ($X) appeared to be the largest internal combustion engines suppliers to Jordan, together comprising X% of total imports. The UK, the United States and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average internal combustion engines import price amounted to $X per unit, almost unchanged from the previous year. Overall, the import price recorded a pronounced expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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