Jordan: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in Jordan

The Jordanian electrical circuit apparatus market was estimated at $X in 2021, rising 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). In general, consumption saw a noticeable descent. Electrical circuit apparatus consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from Jordan

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electrical circuit apparatus exports stood at $X in 2021. Overall, exports continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Free Zones (X units) was the main destination for electrical circuit apparatus exports from Jordan, with a X% share of total exports. Moreover, electrical circuit apparatus exports to Free Zones exceeded the volume sent to the second major destination, Saudi Arabia (X units), fivefold. The third position in this ranking was held by Iraq (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Free Zones totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Iraq (X% per year).

In value terms, Free Zones ($X) remains the key foreign market for electrical apparatus for circuit connection, switching and protection exports from Jordan, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Free Zones totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2021, the average electrical circuit apparatus export price amounted to $X per unit, jumping by X% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical circuit apparatus export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electrical Circuit Apparatus Imports

Imports into Jordan

In 2021, purchases abroad of electrical apparatus for circuit connection, switching and protection decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, electrical circuit apparatus imports rose markedly to $X in 2021. Over the period under review, imports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electrical circuit apparatus supplier to Jordan, with a X% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the United Arab Emirates (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to Jordan, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, 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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