Jordan: Polyurethanes Market 2024

Polyurethanes Market Size in Jordan

The Jordanian polyurethanes market contracted remarkably to $X in 2022, waning 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 saw a noticeable setback. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Polyurethanes Exports

Exports from Jordan

In 2022, the amount of polyurethanes in primary forms exported from Jordan skyrocketed to X tons, rising by X% against the year before. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, polyurethanes exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Syrian Arab Republic (X tons) was the main destination for polyurethanes exports from Jordan, with a X% share of total exports. Moreover, polyurethanes exports to Syrian Arab Republic exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), tenfold. The third position in this ranking was taken by Qatar (X tons), with a X% share.

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

In value terms, Syrian Arab Republic ($X) remains the key foreign market for polyurethanes in primary forms exports from Jordan, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total exports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Syrian Arab Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Export Prices by Country

In 2022, the average polyurethanes export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price recorded pronounced growth. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Syrian Arab Republic ($X per ton), while the average price for exports to Free Zones ($X per ton) and Qatar ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic (X%), while the prices for the other major destinations experienced mixed trend patterns.

Polyurethanes Imports

Imports into Jordan

For the third year in a row, Jordan recorded decline in supplies from abroad of polyurethanes in primary forms, which decreased by X% to X tons in 2022. Overall, imports recorded a slight downturn. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, polyurethanes imports shrank slightly to $X in 2022. In general, imports, however, enjoyed a perceptible expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of polyurethanes to Jordan, with a X% share of total imports. Moreover, polyurethanes imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Saudi Arabia (X tons), threefold. Spain (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Spain (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of polyurethanes in primary forms to Jordan, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average polyurethanes import price amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for France ($X per ton) and Saudi Arabia ($X per ton) 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