United Arab Emirates - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

United Arab Emirates - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Bearing Price in the United Arab Emirates - 2021

Contents:

  1. Bearing Price in the United Arab Emirates (CIF) - 2022
  2. Bearing Price in the United Arab Emirates (FOB) - 2022
  3. Bearing Imports in the United Arab Emirates
  4. Bearing Exports in the United Arab Emirates

Bearing Price in the United Arab Emirates (CIF) - 2022

The average bearing import price stood at $8,016 per ton in 2020, jumping by 28% against the previous year. In general, the import price, however, showed a deep contraction. Over the period under review, average import prices hit record highs at $23,761 per ton in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the highest price was recorded for prices from China ($1,700,121 per ton) and Japan ($1,700,120 per ton), while the price for Austria ($1,699,870 per ton) and Poland ($1,699,947 per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Thailand (-22.8%), while the prices for the other major suppliers experienced a decline.

Bearing Price in the United Arab Emirates (FOB) - 2022

The average bearing export price stood at $9,088 per ton in 2020, rising by 8.5% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2020: its price increased at an average annual rate of +3.6% over the last eight years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, bearing export price increased by +88.7% against 2015 indices. The growth pace was the most rapid in 2016 when the average export price increased by 37% against the previous year. The export price peaked in 2020 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($496,996 per ton), while the average price for exports to Somalia ($3,570 per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-6.3%), while the prices for the other major destinations experienced a decline.

Bearing Imports in the United Arab Emirates

In 2022, the amount of ball and roller bearings imported into the United Arab Emirates shrank sharply to 8.8K tons, declining by -71.4% against the previous year. Over the period under review, imports continue to indicate a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year.

In value terms, bearing imports contracted sharply to $124M in 2022. Overall, imports recorded a dramatic decrease. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, imports reached the peak of $282M, and then contracted rapidly in the following year.

Import of Bearing in the United Arab Emirates (Million USD)
COUNTRY20192020CAGR,
2019-2020
Japan51.6104101.6%
China96.344.2-54.1%
United States16.725.552.7%
Germany16.216.73.1%
India17.88.0-55.1%
South Korea12.96.9-46.5%
Poland0.35.21633.3%
Austria0.25.12450.0%
France5.14.8-5.9%
Italy1.74.5164.7%
Thailand2.23.977.3%
Singapore9.20.9-90.2%
Others12.0-28.5-337.5%
Total242201-16.9%

Top Suppliers of Bearing to the United Arab Emirates in 2022:

  1. Italy (undefinedK tons)
  2. Singapore (undefinedK tons)
  3. Poland (undefinedK tons)
  4. India (undefinedK tons)
  5. France (undefinedK tons)
  6. United States (undefinedK tons)
  7. Austria (undefinedK tons)
  8. China (undefinedK tons)
  9. Germany (undefinedK tons)
  10. South Korea (undefinedK tons)
  11. Thailand (undefinedK tons)
  12. Japan (0.1K tons)

Bearing Exports in the United Arab Emirates

Bearing exports from the United Arab Emirates contracted rapidly to 2.3K tons in 2022, waning by -15.3% against the previous year. In general, exports faced a abrupt curtailment. The smallest decline of -0.5% was in 2021.

In value terms, bearing exports dropped markedly to $25M in 2022. Overall, exports saw a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of $30M, and then shrank markedly in the following year.

Export of Bearing in the United Arab Emirates (Million USD)
COUNTRY20192020CAGR,
2019-2020
Saudi Arabia0.533.86660.0%
Egypt0.519.13720.0%
IranN/A16.30%
OmanN/A11.20%
Pakistan0.210.95350.0%
India9.07.0-22.2%
AzerbaijanN/A6.50%
BangladeshN/A4.40%
LibyaN/A2.10%
Syrian Arab RepublicN/A0.40%
SomaliaN/A0.20%
Others16.7-87.1-621.6%
Total26.924.8-7.8%

Top Export Markets for Bearing from the United Arab Emirates in 2022:

  1. Libya (191.5 tons)
  2. Iran (93.9 tons)
  3. Saudi Arabia (68.1 tons)
  4. Somalia (60.7 tons)
  5. Syrian Arab Republic (39.6 tons)
  6. Egypt (38.5 tons)
  7. Oman (34.6 tons)
  8. Pakistan (22.1 tons)
  9. Bangladesh (17.8 tons)
  10. India (14.1 tons)
  11. Azerbaijan (14.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bearing market in the United Arab Emirates. 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:

  • Prodcom 28151030 - Ball bearings
  • Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
  • Prodcom 28151055 - Spherical roller bearings
  • Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
  • Prodcom 28151070 - Needle roller bearings
  • Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)

Country coverage:

  • United Arab Emirates

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in the United Arab Emirates
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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