Iran: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Iran

The Iranian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings skyrocketed to $X in 2021, surging by 62% 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, consumption, however, saw a perceptible setback. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Iran

In 2021, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings exported from Iran soared to X tons, with an increase of 50% against the year before. Over the period under review, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by 1,925%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. In general, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 944%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for bearing housing without ball bearing exports from Iran, with a 43% share of total exports. Moreover, bearing housing without ball bearing exports to Germany exceeded the volume sent to the second major destination, Oman (X tons), twofold. Tajikistan (X tons) ranked third in terms of total exports with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +174.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+556.7% per year) and Tajikistan (+158.8% per year).

In value terms, Tajikistan ($X), Germany ($X) and Oman ($X) appeared to be the largest markets for bearing housing without ball bearing exported from Iran worldwide, together accounting for 83% of total exports.

Oman, with a CAGR of +477.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, increasing by 35% against the previous year. In general, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 316%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+47.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Iran

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were imported into Iran; with an increase of 45% compared with 2020. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 114% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing imports skyrocketed to $X in 2021. Overall, imports, however, showed a pronounced shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 99%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of bearing housing without ball bearing imports to Iran, with a combined 66% share of total imports. These countries were followed by Italy, the United Arab Emirates, Oman, Belgium and Japan, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +9,162.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Turkey ($X) were the largest bearing housing without ball bearing suppliers to Iran, with a combined 51% share of total imports. Italy, Belgium, Oman, the United Arab Emirates and Japan lagged somewhat behind, together comprising a further 16%.

In terms of the main suppliers, Oman, with a CAGR of +13,746.0%, recorded 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

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, with an increase of 18% against the previous year. In general, the import price, however, continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2014 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+60.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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