A notable 161% increase in the export value of Jordan"s stone and glass sector from 2021 ($286,982 thousand) to 2022 ($749,698 thousand) signifies a remarkable shift in Jordan"s construction materials market. While this growth reflects burgeoning international demand, the concurrent rise in import values, especially in stone and glass, suggests unmet domestic production capabilities. The import value for stone and glass soared to $2,765,829 thousand in 2022, a substantial leap from $1,738,102 thousand in 2021. This indicates a critical gap in local manufacturing, presenting a lucrative opportunity for businesses to invest in domestic production capabilities. Moreover, Jordan"s urban population, comprising 91. 8% of the total, highlights robust construction activity, driving demand for diverse materials such as cement, wood, and metal. The data shows a consistent increase in wood imports, reaching $843,793 thousand in 2022, up from $659,659 thousand the previous year. Such trends suggest ongoing urban development and infrastructure projects, potentially fueled by the growing urban population and a stable demand for construction materials.
Amid these dynamics, companies can capitalize on Jordan"s favorable trade position by exploring partnerships with local suppliers and engaging in joint ventures to enhance production capacity. By comparing global trends, businesses can anticipate a steady increase in construction demand, driven by urban expansion and infrastructure projects in Jordan. Aritral. com, an AI-driven B2B platform, offers strategic solutions to navigate these opportunities. With services like product listing, direct communication, and AI-powered marketing, Aritral facilitates seamless connections with global sales partners, enhancing trade efficiency. Leveraging Aritral’s profile management services can help businesses optimize their operations in the construction materials market, ensuring sustainable growth and competitive advantage.
-
Omar Tawfiq 12 months ago
Jordan Building Materials
Cement products and building materialsDetails