Oman: Spherical Roller Bearing Market 2022

Spherical Roller Bearing Market Size in Oman

After two years of growth, the Omani spherical roller bearing market decreased by -X% to $X in 2021. Over the period under review, consumption, however, recorded buoyant growth. Spherical roller bearing consumption peaked at $X in 2020, and then shrank in the following year.

Spherical Roller Bearing Exports

Exports from Oman

After three years of decline, shipments abroad of spherical roller bearings increased by X% to X tons in 2021. Over the period under review, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spherical roller bearing exports expanded significantly to $X in 2021. Overall, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for spherical roller bearing exports from Oman, with a approx. X% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to +X%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for spherical roller bearing exports from Oman.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +X%.

Export Prices by Country

In 2021, the average spherical roller bearing export price amounted to $X per ton, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -X% per year.

Spherical Roller Bearing Imports

Imports into Oman

After two years of growth, supplies from abroad of spherical roller bearings decreased by -X% to X tons in 2021. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then shrank in the following year.

In value terms, spherical roller bearing imports dropped to $X in 2021. In general, total imports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest spherical roller bearing supplier to Oman, 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, Italy (X tons), fivefold. The third position in this ranking was occupied by India (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and India (+X% per year).

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

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

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the import price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per ton), while the price for Italy ($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 UK (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform