Saudi Arabia: Roller Bearing Market 2024

Roller Bearing Market Size in Saudi Arabia

In 2022, after three years of decline, there was growth in the Saudi roller bearing market, when its value increased by X% to $X. In general, consumption, however, showed a noticeable downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Roller Bearing Exports

Exports from Saudi Arabia

In 2021, after two years of decline, there was significant decline in overseas shipments of roller bearings, when their volume decreased by X% to X tons. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, roller bearing exports contracted notably to $X in 2021. In general, exports recorded a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China represented the major exporting country with an export of around X tons, which reached X% of total exports. France (X tons) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (X%), Germany (X%), Slovakia (X%) and Italy (X%). The following exporters - Vietnam (X tons), South Korea (X tons), Indonesia (X tons), Poland (X tons), Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Japan (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2021. At the same time, Indonesia (X%), Vietnam (X%), Poland (X%), Slovakia (X%) and France (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2021. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Singapore (X%), Italy (X%), Germany (X%), South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.), Vietnam (X p.p.), Indonesia (X p.p.), France (X p.p.) and Slovakia (X p.p.) significantly strengthened its position in terms of the global exports, while Germany, South Korea and Hong Kong SAR saw its share reduced by X%, X% and X% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and Germany ($X) were the countries with the highest levels of exports in 2021, together comprising X% of total exports. Italy, France, Vietnam, Hong Kong SAR, Slovakia, Japan, South Korea, Taiwan (Chinese), Poland and Indonesia lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded 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 2021, the export price in Saudi Arabia amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, continues to indicate a slight slump. The Saudi Arabia export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Saudi Arabia

After two years of decline, purchases abroad of roller bearings increased by X% to X tons in 2022. Overall, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, roller bearing imports shrank modestly to $X in 2022. Over the period under review, imports, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons), followed by Germany (X tons) and Thailand (X tons) represented the main importers of roller bearings, together making up X% of total imports. India (X tons), Italy (X tons), Nigeria (X tons), Canada (X tons), South Korea (X tons), Spain (X tons), France (X tons), Poland (X tons), Singapore (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets into Saudi Arabia were Germany ($X), India ($X) and Indonesia ($X), together accounting for X% of total imports. Canada, Thailand, South Korea, Italy, France, Poland, Singapore, Austria, Spain and Nigeria lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Austria, with a CAGR of X%, saw the highest rates of growth with regard to 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 Saudi Arabia amounted to $X per ton, reducing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 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 Canada ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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