Middle East: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in the Middle East

The Middle Eastern market for bearing housings incorporating ball or roller bearings rose remarkably to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in the Middle East

In value terms, bearing housing with ball bearing production declined slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in the Middle East

In 2022, approx. X tons of bearing housings incorporating ball or roller bearings were exported in the Middle East; increasing by X% against 2021 figures. Overall, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, bearing housing with ball bearing exports soared to $X in 2022. In general, exports saw a strong expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The United Arab Emirates represented the largest exporter of bearing housings incorporating ball or roller bearings in the Middle East, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Turkey (X tons), constituting a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%).

In value terms, the United Arab Emirates ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, flattening at the previous year. Overall, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in the Middle East

In 2022, the amount of bearing housings incorporating ball or roller bearings imported in the Middle East skyrocketed to X tons, jumping by X% compared with 2021. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, bearing housing with ball bearing imports soared to $X in 2022. Total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X tons) represented the major importer of bearing housings incorporating ball or roller bearings, making up X% of total imports. Iran (X tons) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Saudi Arabia (X%). Israel (X tons) and Iraq (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to bearing housing with ball bearing imports into Turkey stood at X%. At the same time, Iran (X%), Iraq (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Iran (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported bearing housings incorporating ball or roller bearings in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In Turkey, bearing housing with ball bearing imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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