jordan Cement Market Shipment Analysis
Jordan Cement Market registered a decline of -99.58% in value shipments in 2022 as compared to 2021 and an increase of 74.8% CAGR in 2022 over a period of 2017. In Cement Market Jordan is becoming less competitive as HHI index in 2022 was 5018 while in 2017 it was 4542. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Jordan has reportedly relied more on domestic production to meet its growing demand in Cement Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Cement Market in 2022 was 0 while in 2017 it was 0. France, Saudi Arabia, , and were among the top players of the market in 2022, where France acquired the largest market share of 53.03% with a shipment value of 0 million USD in 2022 France also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Cement Market. In 2017 Saudi Arabia had the largest market share of 60.23% with the shipment value of 0.03 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although Saudi Arabia offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the Jordan Cement Market in 2017.
