Oman: Ball Bearing Market 2024

Ball Bearing Market Size in Oman

In 2022, the Omani ball bearing market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a deep setback. Oman consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ball Bearing Exports

Exports from Oman

In 2022, exports of ball bearings from Oman skyrocketed to X tons, with an increase of X% compared with the previous year. Over the period under review, exports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The Oman exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ball bearing exports dropped notably to $X in 2022. Overall, exports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The Oman exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China was the largest exporting country with an export of around X tons, which accounted for X% of total exports. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%) and Italy (X%). South Korea (X tons), France (X tons), the Netherlands (X tons), Poland (X tons), Thailand (X tons), Singapore (X tons), the United States (X tons) and Slovakia (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the ball bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), the Netherlands (X%), Poland (X%), South Korea (X%) and Italy (X%) displayed positive paces of growth. Japan and Germany experienced a relatively flat trend pattern. By contrast, France (X%), Slovakia (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Italy, the United States, France, the Netherlands, Thailand, South Korea, Singapore, Poland and Slovakia lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Oman amounted to $X per ton, falling by X% against the previous year. In general, the export price recorded a mild curtailment. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The Oman export price peaked at $X per ton in 2021, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($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 States (X%), while the other leaders experienced more modest paces of growth.

Ball Bearing Imports

Imports into Oman

In 2022, supplies from abroad of ball bearings decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Oman imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ball bearing imports totaled $X in 2022. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Oman imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons), the United States (X tons) and China (X tons) was the main importer of ball bearings in the world, constituting X% of total import. Italy (X tons), Mexico (X tons), the Netherlands (X tons), Brazil (X tons), France (X tons), Indonesia (X tons), Russia (X tons), Belgium (X tons), South Korea (X tons) and India (X tons) held a relatively small share of total imports.

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

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Italy, Mexico, the Netherlands, India, France, South Korea, Brazil, Russia, Belgium and Indonesia lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Oman stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, showed a mild reduction. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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