Jordan: Steel Railway Material Market 2024

Steel Railway Material Market Size in Jordan

The Jordanian steel railway material market surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Steel Railway Material Production in Jordan

In value terms, steel railway material production amounted to less than $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern.

Steel Railway Material Exports

Exports from Jordan

In 2022, overseas shipments of railway or tramway track construction material of iron or steel decreased by X% to X tons, falling for the second consecutive year after seven years of decline. Over the period under review, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, steel railway material exports amounted to $X in 2022. Overall, exports saw a dramatic decline. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X kg) was the main destination for steel railway material exports from Jordan, with a X% share of total exports. Moreover, steel railway material exports to Saudi Arabia exceeded the volume sent to the second major destination, Qatar (X kg), eightfold. The third position in this ranking was held by Kuwait (X kg), with a X% share.

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

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 to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average steel railway material export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price enjoyed pronounced growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Qatar ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Steel Railway Material Imports

Imports into Jordan

In 2022, the amount of railway or tramway track construction material of iron or steel imported into Jordan fell to X tons, which is down by X% against the previous year. In general, imports showed a slight shrinkage. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, steel railway material imports surged to $X in 2022. Over the period under review, imports recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Saudi Arabia (X tons) and the United Arab Emirates (X tons) were the main suppliers of steel railway material imports to Jordan, together accounting for X% of total imports. China, the United States and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the largest steel railway material suppliers to Jordan, together comprising X% of total imports. China, the United States and the UK lagged somewhat behind, together comprising a further X%.

Among the main suppliers, the United States, 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 steel railway material import price amounted to $X per ton, jumping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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