MENA: Roller Bearing Market 2024

Roller Bearing Market Size in MENA

The MENA's roller bearing market stood at $X in 2023, with an increase of X% against the previous year. The total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a somewhat lower figure.

Roller Bearing Production in MENA

In value terms, roller bearing production amounted to $X in 2023 estimated in export price. Over the period under review, production recorded strong growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Roller Bearing Exports

Exports in MENA

For the third year in a row, MENA recorded growth in shipments abroad of roller bearings, which increased by X% to X tons in 2023. Total exports indicated strong growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked in 2023 and is likely to continue growth in the near future.

In value terms, roller bearing exports soared to $X in 2023. In general, exports enjoyed resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

Turkey was the key exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by the United Arab Emirates (X tons), creating an X% share of total exports.

Turkey was also the fastest-growing in terms of the roller bearings exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest roller bearing supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Turkey amounted to X%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2023 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Roller Bearing Imports

Imports in MENA

Roller bearing imports rose sharply to X tons in 2023, growing by X% compared with the year before. Over the period under review, imports, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, roller bearing imports skyrocketed to $X in 2023. Overall, imports, however, showed a slight setback. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Iran (X tons), Turkey (X tons) and the United Arab Emirates (X tons) represented roughly X% of total imports in 2023. Saudi Arabia (X tons) took the next position in the ranking, followed by Israel (X tons). All these countries together held approx. X% share of total imports. The following importers - Iraq (X tons) and Algeria (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X) constitutes the largest market for imported roller bearings in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In Turkey, roller bearing imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, increasing by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform