Oman: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Oman

The Omani ball bearing parts market expanded modestly to $X in 2022, surging by X% against the previous year. In general, consumption, however, saw a drastic downturn. Ball bearing parts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ball Bearing Parts Production in Oman

In value terms, ball bearing parts production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a deep setback. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ball Bearing Parts Exports

Exports from Oman

In 2022, the amount of parts of ball or roller bearings exported from Oman soared to X tons, rising by X% compared with 2021. Overall, exports showed resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, ball bearing parts exports shrank markedly to $X in 2022. In general, exports, however, continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Yemen (X tons) and Somalia (X kg) were the main destinations of ball bearing parts exports from Oman, together comprising X% of total exports.

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

In value terms, the largest markets for ball bearing parts exported from Oman were the United Arab Emirates ($X), Somalia ($X) and Yemen ($X), with a combined X% share of total exports.

Among the main countries of destination, Yemen, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ball bearing parts export price amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Somalia ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Somalia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Oman

In 2022, supplies from abroad of parts of ball or roller bearings increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports enjoyed perceptible growth. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ball bearing parts imports surged to $X in 2022. In general, total imports indicated pronounced growth 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 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) constituted the largest supplier of ball bearing parts to Oman, with a X% share of total imports. Moreover, ball bearing parts imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a X% share.

From 2012 to 2022, 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: India (X% per year) and Italy (X% per year).

In value terms, the largest ball bearing parts suppliers to Oman were the United Arab Emirates ($X), Saudi Arabia ($X) and India ($X), with a combined X% share of total imports.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2022, dropping by X% against the previous year. In general, import price indicated a modest increase from 2012 to 2022: its price 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, ball bearing parts import price increased by X% against 2017 indices. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked at $X per ton in 2021, and then shrank sharply in the following year.

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

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

Source: IndexBox Platform

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