Middle East: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in the Middle East

In 2022, the Middle Eastern tapered roller bearing market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Tapered Roller Bearing Production in the Middle East

In value terms, tapered roller bearing production declined slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Tapered Roller Bearing Exports

Exports in the Middle East

In 2022, shipments abroad of tapered roller bearings increased by X% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing exports soared to $X in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the major exporter of tapered roller bearings in the Middle East, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X tons), making up a X% share of total exports. Oman (X tons) held a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) and Turkey (X%) displayed positive paces of growth. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest tapered roller bearing supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

In the United Arab Emirates, tapered roller bearing exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. The level of export peaked at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Tapered Roller Bearing Imports

Imports in the Middle East

In 2022, overseas purchases of tapered roller bearings increased by X% to X tons, rising for the fourth consecutive year after two years of decline. Total imports indicated strong growth 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 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing imports skyrocketed to $X in 2022. The total import 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) dominates imports structure, together generating X% of total imports. Saudi Arabia (X tons), Iran (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined X% share of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price saw a pronounced shrinkage. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Saudi Arabia ($X per ton) and Turkey ($X per ton), while the United Arab Emirates ($X per ton) and Iraq ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :