Waxes; Artificial, Prepared Price in Jordan - 2022

Contents:

1. Waxes; Artificial, Prepared Price in Jordan (CIF) - 2022
2. Waxes; Artificial, Prepared Price in Jordan (FOB) - 2022
3. Waxes; Artificial, Prepared Imports in Jordan
4. Waxes; Artificial, Prepared Exports in Jordan

Waxes; Artificial, Prepared Price in Jordan (CIF) - 2022

The average waxes; artificial, prepared import price stood at $2,981 per ton in 2022, surging by 30% against the previous year. In general, the import price, however, showed a noticeable reduction. Over the period under review, average import prices reached the peak figure at $4,218 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($3,795 per ton) and Saudi Arabia ($3,795 per ton), while the price for South Korea ($2,776 per ton) and the United States ($3,029 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 (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Waxes; Artificial, Prepared Price in Jordan (FOB) - 2022

In 2022, the average waxes; artificial, prepared export price amounted to $3,253 per ton, dropping by -34.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average export price increased by 695%. As a result, the export price reached the peak level of $16,017 per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($5,060 per ton), while the average price for exports to Qatar ($2,907 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 (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Waxes; Artificial, Prepared Imports in Jordan

In 2022, imports of waxes; artificial, prepared into Jordan rose notably to 1.3K tons, growing by 8.5% compared with the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year.

In value terms, waxes; artificial, prepared imports skyrocketed to $4M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Waxes; Artificial, Prepared to Jordan in 2022:

1. South Korea (923.2 tons)
2. Turkey (60.0 tons)
3. United Kingdom (53.5 tons)
4. Italy (45.6 tons)
5. Thailand (39.3 tons)
6. Denmark (30.4 tons)
7. China (27.0 tons)
8. Saudi Arabia (22.7 tons)
9. India (16.7 tons)
10. United States (1.9 tons)

Waxes; Artificial, Prepared Exports in Jordan

In 2022, waxes; artificial, prepared exports from Jordan skyrocketed to 34 tons, picking up by 224% on the previous year. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, waxes; artificial, prepared exports soared to $112K in 2022. Over the period under review, exports showed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Waxes; Artificial, Prepared from Jordan in 2022:

1. Qatar (24.4 tons)
2. Free Zones (7.1 tons)
3. Egypt (2.7 tons)
4. Saudi Arabia (0.1 tons)

Source: IndexBox Market Intelligence Platform