United Arab Emirates: Roller Bearing Market 2024

Roller Bearing Market Size in the United Arab Emirates

The roller bearing market in the United Arab Emirates contracted rapidly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption recorded a abrupt slump. The United Arab Emirates consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Roller Bearing Production in the United Arab Emirates

In value terms, roller bearing production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Roller Bearing Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of roller bearings were exported from the United Arab Emirates; increasing by X% against the previous year's figure. Over the period under review, exports showed noticeable growth. The the United Arab Emirates exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, roller bearing exports surged to $X in 2022. Overall, exports continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the key exporting country with an export of around X tons, which accounted for X% of total exports. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%), France (X%), Slovakia (X%) and the United States (X%). Italy (X tons), Vietnam (X tons), South Korea (X tons), Hong Kong SAR (X tons), Indonesia (X tons), Turkey (X tons) and Austria (X tons) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to roller bearing exports from China stood at X%. At the same time, Indonesia (X%), Vietnam (X%), Turkey (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Italy (X%), France (X%), Germany (X%), South Korea (X%), Hong Kong SAR (X%), the United States (X%) and Austria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing supplying countries from the United Arab Emirates were China ($X), Germany ($X) and Singapore ($X), with a combined X% share of total exports. Italy, the United States, Vietnam, France, Hong Kong SAR, Slovakia, South Korea, Austria, Turkey and Indonesia lagged somewhat behind, together accounting for 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 2022, the export price in the United Arab Emirates amounted to $X per ton, picking up by X% against the previous year. Overall, the export price showed strong growth. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Indonesia ($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.

Roller Bearing Imports

Imports into the United Arab Emirates

Roller bearing imports into the United Arab Emirates shrank rapidly to X tons in 2022, with a decrease of X% compared with 2021. In general, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The United Arab Emirates imports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, roller bearing imports contracted rapidly to $X in 2022. Overall, imports, however, enjoyed a pronounced expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons), followed by Germany (X tons) and Thailand (X tons) were the largest importers of roller bearings, together mixing up X% of total imports. The following importers - 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) - together made up X% of total imports.

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

In value terms, the largest roller bearing importing markets into the United Arab Emirates 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 comprising a further X%.

Among the main importing countries, Austria, with a CAGR of X%, recorded 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 the United Arab Emirates stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The United Arab Emirates import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 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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