Bahrain: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Bahrain

For the third consecutive year, the Bahraini cylindrical roller bearing market recorded decline in sales value, which decreased by -54.5% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Bahrain

In 2022, overseas shipments of cylindrical roller bearings increased by 91% to X tons, rising for the second year in a row after two years of decline. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 1,480% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports skyrocketed to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 3,783% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), China (X tons) and Japan (X tons) represented roughly 53% of total exports in 2022. Romania (X tons) took the next position in the ranking, followed by Slovakia (X tons). All these countries together took near 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Bahrain, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in Bahrain amounted to $X per ton, shrinking by -13.7% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 when the export price increased by 756% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($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 (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Bahrain

For the third year in a row, Bahrain recorded decline in supplies from abroad of cylindrical roller bearings, which decreased by -38.2% to X tons in 2022. Over the period under review, imports, however, continue to indicate a pronounced increase. The growth pace was the most rapid in 2013 with an increase of 422%. Bahrain imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, cylindrical roller bearing imports fell significantly to $X in 2022. Overall, imports, however, continue to indicate notable growth. The pace of growth appeared the most rapid in 2013 with an increase of 82% against the previous year. Bahrain imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons), Russia (X tons) and Germany (X tons) represented the key importer of cylindrical roller bearings in the world, creating 42% of total import. It was distantly followed by the United States (X tons), achieving a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Spain, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, among the main importing countries 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 Bahrain amounted to $X per ton, rising by 3.3% against the previous year. Overall, the import price saw a modest increase. The pace of growth was the most pronounced in 2014 when the import price increased by 85%. Over the period under review, import prices attained the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform