Within the 2018-2023 timeframe, our forecast models predict growth from 5.1% p.a. in a low scenario to 6.7% p.a. in a high scenario. Accordingly, the industry in Jordan is expected to achieve revenues of between $42m to $45m by 2023.
The commercial industrial gases market in Jordan was estimated to have generated revenues of $32.5m in 2018. This was an increase from $13.9m in 2008, indicating an average annual growth rate of 9.1% p.a.
Between 2008-2018, GDP in Jordan grew by an average of 8.7% p.a. The economy has experienced strong growth in this period, with not a single period of decline.
Published: 2020
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