Jordan: Knitted Fabric Market 2024

Knitted Fabric Market Size in Jordan

The Jordanian knitted fabric market skyrocketed to $X in 2021, increasing 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 resilient expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Knitted Fabric Exports

Exports from Jordan

In 2023, knitted fabric exports from Jordan declined markedly to X tons, falling by X% compared with 2022 figures. In general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, knitted fabric exports contracted sharply to $X in 2023. Over the period under review, exports saw a slight descent. The pace of growth was the most pronounced in 2022 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Free Zones (X tons), Egypt (X tons) and the United Arab Emirates (X tons) were the main destinations of knitted fabric exports from Jordan, together accounting for X% of total exports. Bangladesh, Sri Lanka, Turkey, China, Saudi Arabia and Iraq lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Free Zones ($X), Bangladesh ($X) and the United Arab Emirates ($X) constituted the largest markets for knitted fabric exported from Jordan worldwide, together comprising X% of total exports.

Among the main countries of destination, Bangladesh, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average knitted fabric export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price enjoyed temperate growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Bangladesh ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Palestine (X%), while the prices for the other major destinations experienced more modest paces of growth.

Knitted Fabric Imports

Imports into Jordan

After two years of growth, overseas purchases of knitted or crocheted fabrics decreased by X% to X tons in 2023. Overall, total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, knitted fabric imports reduced rapidly to $X in 2023. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of knitted fabric to Jordan, accounting for a X% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), threefold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Turkey (X% per year).

In value terms, China ($X) constituted the largest supplier of knitted or crocheted fabrics to Jordan, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Turkey, with an X% share.

From 2012 to 2023, 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: Taiwan (Chinese) (X% per year) and Turkey (X% per year).

Import Prices by Country

The average knitted fabric import price stood at $X per ton in 2023, declining by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Sri Lanka ($X per ton) and Vietnam ($X per ton), while the price for Turkey ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform