Pakistan: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Pakistan

In 2022, after two years of growth, there was significant decline in the Pakistani tapered roller bearing market, when its value decreased by X% to $X. Over the period under review, consumption showed a perceptible contraction. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Tapered Roller Bearing Exports

Exports from Pakistan

Tapered roller bearing exports from Pakistan soared to X tons in 2022, rising by X% against the year before. Overall, exports, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The Pakistan exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, tapered roller bearing exports surged to $X in 2022. In general, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of X%. The Pakistan exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

China was the largest exporter of tapered roller bearings in the world, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Japan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), Romania (X%), France (X%) and Austria (X%). The following exporters - South Korea (X tons), India (X tons), Poland (X tons), the United States (X tons), the Netherlands (X tons), Singapore (X tons) and Italy (X tons) - together made up X% of total exports.

China 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, India (X%), Romania (X%), South Korea (X%), Singapore (X%), the Netherlands (X%), Poland (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Japan and France experienced a relatively flat trend pattern. By contrast, Austria (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.), India (X p.p.), Romania (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the global exports, while France, Austria, Japan and the United States saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Japan, France, Romania, India, Austria, South Korea, Poland, Singapore, the Netherlands and Italy lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, India, 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 export price in Pakistan amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

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.

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Tapered Roller Bearing Imports

Imports into Pakistan

In 2022, supplies from abroad of tapered roller bearings decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports saw a slight curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, tapered roller bearing imports dropped markedly to $X in 2022. Overall, imports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons) and the United States (X tons) represented the largest importers of tapered roller bearings in 2022, recording near X% and X% of total imports, respectively. China (X tons) ranks next in terms of the total imports with a X% share, followed by Brazil (X%), France (X%) and Mexico (X%). Italy (X tons), Sweden (X tons), Turkey (X tons), Australia (X tons), India (X tons), Russia (X tons) and the Netherlands (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (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 into Pakistan were Germany ($X), the United States ($X) and China ($X), together comprising X% of total imports. France, Mexico, Brazil, Italy, Australia, India, Sweden, Russia, Turkey and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, 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 Pakistan amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Brazil ($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 a decline in the import price figures.

Source: IndexBox Platform

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