Iraq: Spherical Roller Bearing Market 2022

Spherical Roller Bearing Market Size in Iraq

In 2021, the Iraqi spherical roller bearing market decreased by -X% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, recorded a abrupt descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Spherical Roller Bearing Exports

Exports from Iraq

In 2021, shipments abroad of spherical roller bearings decreased by X% to less than X kg, falling for the second year in a row after two years of decline. In general, exports posted prominent growth. Over the period under review, the exports hit record highs at X kg in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, spherical roller bearing exports totaled less than $X in 2021. Over the period under review, exports recorded a resilient expansion. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X kg) was the main destination for spherical roller bearing exports from Iraq, with a X% share of total exports. Moreover, spherical roller bearing exports to Sweden exceeded the volume sent to the second major destination, Ukraine (X kg), fourfold.

From 2012 to 2019, the average annual growth rate of volume to Sweden was relatively modest.

In value terms, Ukraine ($X) and Sweden ($X) appeared to be the largest markets for spherical roller bearing exported from Iraq worldwide.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2019, stabilizing at the previous year. In general, the export price recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2019, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Ukraine ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%).

Spherical Roller Bearing Imports

Imports into Iraq

In 2021, supplies from abroad of spherical roller bearings increased by X% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, spherical roller bearing imports declined to $X in 2021. Overall, imports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest spherical roller bearing supplier to Iraq, with a X% share of total imports. Moreover, spherical roller bearing imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Jordan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+X% per year) and Romania (+X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of spherical roller bearing to Iraq, comprising X% of total imports. The second position in the ranking was occupied by Jordan ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (+X% per year) and Romania (+X% per year).

Import Prices by Country

In 2021, the average spherical roller bearing import price amounted to $X per ton, reducing by -X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform