Saudi Arabia: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Saudi Arabia

The Saudi tapered roller bearing market amounted to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a slight increase 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, consumption decreased by X% against 2020 indices. Saudi Arabia consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Tapered Roller Bearing Exports

Exports from Saudi Arabia

In 2022, overseas shipments 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, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell rapidly in the following year.

In value terms, tapered roller bearing exports contracted dramatically to $X in 2022. Overall, exports, however, posted prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then shrank dramatically in the following year.

Exports by Country

In 2022, China (X tons) represented the largest exporter of tapered roller bearings, constituting X% of total exports. It was distantly followed by Japan (X tons), Germany (X tons), Romania (X tons), France (X tons) and Austria (X tons), together creating a X% share of total exports. 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, the largest tapered roller bearing supplying countries from Saudi Arabia were Germany ($X), China ($X) and the United States ($X), with a combined X% share of total exports. Japan, France, Romania, India, Austria, South Korea, Poland, Singapore, the Netherlands and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest growth rate of 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

The export price in Saudi Arabia stood at $X per ton in 2022, reducing by X% against the previous year. In general, the export price, however, showed a moderate increase. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The Saudi Arabia export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 Saudi Arabia

In 2022, the amount of tapered roller bearings imported into Saudi Arabia rose rapidly to X tons, increasing by X% on 2021. In general, total imports indicated slight growth from 2012 to 2022: its volume 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Saudi Arabia imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tapered roller bearing imports expanded slightly to $X in 2022. Overall, total imports indicated modest 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 decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Saudi Arabia imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) and the United States (X tons) represented the largest importers of tapered roller bearingsaround the world, together amounting to near X% of total imports. It was distantly followed by China (X tons), Brazil (X tons), France (X tons) and Mexico (X tons), together achieving a X% share of total imports. The following importers - Italy (X tons), Sweden (X tons), Turkey (X tons), Australia (X tons), India (X tons), Russia (X tons) and the Netherlands (X tons) - together made up X% of total imports.

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

In value terms, Germany ($X), the United States ($X) and China ($X) were the countries with the highest levels of imports in 2022, together accounting for 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

The import price in Saudi Arabia stood at $X per ton in 2022, almost unchanged from the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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