Report Update: May 1, 2024

Jordan - Processed Petroleum Oils and Distillates - Market Analysis, Forecast, Size, Trends And Insights

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Price for Processed Petroleum Oils and Distillates in Jordan - 2022

Price for Processed Petroleum Oils and Distillates in Jordan (CIF) - 2022

The average import price for processed petroleum oils and distillates stood at $582 per ton in 2022, remaining stable against the previous year. In general, the import price, however, posted resilient growth. The most prominent rate of growth was recorded in 2015 an increase of 183% against the previous year. The import price peaked at $590 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Singapore ($1,415 per ton), while the price for Turkey ($550 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 States (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Processed Petroleum Oils and Distillates in Jordan (FOB) - 2022

In December 2022, the average export price for processed petroleum oils and distillates amounted to $1,867 per ton, rising by 17% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 29% against the previous month. The export price peaked at $1,883 per ton in October 2022; afterwards, it flattened through to December 2022.

Average prices varied noticeably for the major overseas markets. In December 2022, the country with the highest price was Iraq ($1,844 per ton), while the average price for exports to Free Zones ($1,844 per ton) was amongst the lowest.

From January 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Free Zones (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Processed Petroleum Oils and Distillates in Jordan

In 2022, approx. 1.7M tons of processed petroleum oils and distillates were imported into Jordan; rising by 29% against 2021 figures. Overall, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when imports increased by 202% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, processed petroleum oils and distillates imports surged to $1B in 2022. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2021 when imports increased by 225%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Import of Processed Petroleum Oils and Distillates in Jordan (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	493	170	307	898	22.1%
United Arab Emirates	12.7	10.9	22.7	44.9	52.3%
Turkey	6.0	3.5	12.6	18.4	45.3%
Singapore	37.9	23.6	1.0	1.1	-69.3%
Saudi Arabia	N/A	N/A	317	N/A	0%
Others	112	29.6	115	39.2	-29.5%
Total	662	238	774	1,001	14.8%

Top Suppliers of Processed Petroleum Oils and Distillates to Jordan in 2022:

India (1601.0K tons)
United Arab Emirates (51.3K tons)
Turkey (33.4K tons)
Singapore (0.8K tons)

Exports of Processed Petroleum Oils and Distillates in Jordan

In 2022, shipments abroad of processed petroleum oils and distillates decreased by -35.2% to 33K tons, falling for the second year in a row after two years of growth. Overall, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 4.7%. As a result, the exports reached the peak of 52K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, processed petroleum oils and distillates exports plummeted to $2.4M in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 4.6%.

Export of Processed Petroleum Oils and Distillates in Jordan (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	723	1,927	N/A	1,177	17.6%
Netherlands	0.2	N/A	N/A	838	1512.1%
Free Zones	37.7	67.8	148	282	95.6%
India	N/A	N/A	2,246	85.1	-96.2%
Iraq	1.3	0.1	33.8	46.6	229.7%
Turkey	13.4	26.6	57.4	5.1	-27.5%
Saudi Arabia	597	748	352	0.1	-94.5%
Singapore	1,658	N/A	N/A	N/A	0%
Others	15.7	20.0	81.2	15.7	0.0%
Total	3,046	2,789	2,918	2,449	-7.0%

Top Export Markets for Processed Petroleum Oils and Distillates from Jordan in 2022:

United States (15.7K tons)
Netherlands (11.2K tons)
Free Zones (4.0K tons)
India (1.1K tons)
Iraq (0.6K tons)
Turkey (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for processed petroleum oils and distillates in Jordan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Jordan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Jordan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023