Jordan: Market for Copper Tubes, Pipes And Fitting 2024

Market Size for Copper Tubes, Pipes And Fitting in Jordan

In 2023, the Jordanian copper pipe and fitting market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then declined markedly in the following year.

Exports of Copper Tubes, Pipes And Fitting

Exports from Jordan

After two years of growth, shipments abroad of copper tubes, pipes and fitting decreased by X% to X tons in 2023. Over the period under review, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, copper pipe and fitting exports shrank rapidly to $X in 2023. In general, exports showed a deep setback. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for copper pipe and fitting exports from Jordan, accounting for a X% share of total exports. Moreover, copper pipe and fitting exports to the United Arab Emirates exceeded the volume sent to the second major destination, Free Zones (X tons), twofold. Saudi Arabia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and Saudi Arabia (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for copper tubes, pipes and fitting exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by Free Zones ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2023, the average copper pipe and fitting export price amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, saw a strong increase. The pace of growth was the most pronounced in 2022 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Free Zones ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 Copper Tubes, Pipes And Fitting

Imports into Jordan

In 2023, after two years of growth, there was significant decline in purchases abroad of copper tubes, pipes and fitting, when their volume decreased by X% to X tons. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, copper pipe and fitting imports shrank notably to $X in 2023. Over the period under review, total imports indicated slight growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when imports increased by X%. As a result, imports reached the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2023, Italy (X tons) constituted the largest copper pipe and fitting supplier to Jordan, accounting for a X% share of total imports. Moreover, copper pipe and fitting imports from Italy exceeded the figures recorded by the second-largest supplier, Bahrain (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and the United States (X% per year).

In value terms, Italy ($X) constituted the largest supplier of copper tubes, pipes and fitting to Jordan, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2023, the average copper pipe and fitting import price amounted to $X per ton, falling by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then shrank in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform