Jordan: Static Converter Market 2024

Static Converter Market Size in Jordan

The Jordanian static converter market declined significantly to $X in 2022, which is down 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, however, showed measured growth. Static converter consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Static Converter Exports

Exports from Jordan

After four years of decline, overseas shipments of static converters increased by X% to X units in 2022. Over the period under review, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, static converter exports surged to $X in 2022. Overall, exports continue to indicate a strong expansion. 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 at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Free Zones (X units) was the main destination for static converter exports from Jordan, accounting for a X% share of total exports. Moreover, static converter exports to Free Zones exceeded the volume sent to the second major destination, Syrian Arab Republic (X units), twofold. The third position in this ranking was held by Lebanon (X units), with an X% share.

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

In value terms, Free Zones ($X) remains the key foreign market for static converters exports from Jordan, comprising X% of total exports. The second position in the ranking was held by Syrian Arab Republic ($X), with a X% share of total exports. It was followed by Lebanon, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Free Zones amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Syrian Arab Republic (X% per year) and Lebanon (X% per year).

Export Prices by Country

The average static converter export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price showed a prominent expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Palestine ($X per unit) and Iraq ($X per unit), while the average price for exports to the Netherlands ($X per unit) and Morocco ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (X%), while the prices for the other major destinations experienced more modest paces of growth.

Static Converter Imports

Imports into Jordan

For the third consecutive year, Jordan recorded decline in supplies from abroad of static converters, which decreased by X% to X units in 2022. Overall, imports saw a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, static converter imports contracted significantly to $X in 2022. In general, imports, however, enjoyed resilient growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest static converter supplier to Jordan, with a X% share of total imports. Moreover, static converter imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of static converters to Jordan, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled 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 2022, the average static converter import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady 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 ($X per unit) and Italy ($X per unit), while the price for the United Arab Emirates ($X per unit) and Turkey ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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