Jordan: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in Jordan

The Jordanian market for welded and cold-formed sections of steel surged to $X in 2022, growing by X% against the previous year. In general, consumption recorded a buoyant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Welded And Cold-Formed Sections Of Steel in Jordan

In value terms, welded and cold-formed steel sections production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from Jordan

In 2022, overseas shipments of welded and cold-formed sections of steel decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, welded and cold-formed steel sections exports soared to $X in 2022. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Iraq (X tons) was the main destination for welded and cold-formed steel sections exports from Jordan, with a X% share of total exports. Moreover, welded and cold-formed steel sections exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X tons), sevenfold.

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

In value terms, Iraq ($X) remains the key foreign market for welded and cold-formed sections of steel exports from Jordan, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

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

Export Prices by Country

The average export price for welded and cold-formed sections of steel stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per ton), while the average price for exports to Free Zones ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into Jordan

In 2022, approx. X tons of welded and cold-formed sections of steel were imported into Jordan; with a decrease of X% against the previous year's figure. In general, imports, however, posted a modest increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, welded and cold-formed steel sections imports reduced notably to $X in 2022. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest supplier of welded and cold-formed steel sections to Jordan, with a X% share of total imports. Moreover, welded and cold-formed steel sections imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The United Arab Emirates (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 Saudi Arabia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of welded and cold-formed sections of steel to Jordan, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

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

Import Prices by Country

The average import price for welded and cold-formed sections of steel stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.

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

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

Source: IndexBox Platform

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