Iran: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Iran

In 2022, the Iranian cylindrical roller bearing market decreased by -15.6% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, saw a buoyant expansion. Iran consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports from Iran

In 2022, shipments abroad of cylindrical roller bearings was finally on the rise to reach X kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 1,297% against the previous year. As a result, the exports attained the peak of X kg. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports soared to $X in 2022. In general, exports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2015 when exports increased by 4,044%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. Romania (X tons) ranks next in terms of the total exports with a 7.7% share, followed by Slovakia (5.6%). The following exporters - 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) - together made up 19% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Iran, comprising 27% of global exports. The second position in the ranking was taken by Japan ($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. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Iran stood at $X per ton in 2022, dropping by -2% against the previous year. In general, the export price, however, enjoyed modest growth. The pace of growth appeared the most rapid in 2015 an increase of 197% 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 remained at a somewhat 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 Iran

In 2022, imports of cylindrical roller bearings into Iran fell to X tons, which is down by -13.6% against the year before. In general, imports, however, recorded strong growth. The pace of growth appeared the most rapid in 2019 with an increase of 127%. Over the period under review, imports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, cylindrical roller bearing imports shrank rapidly to $X in 2022. Overall, imports, however, enjoyed a perceptible increase. The pace of growth was the most pronounced in 2019 when imports increased by 145% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together finishing at 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) held a little 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, the largest cylindrical roller bearing importing markets into Iran were China ($X), Germany ($X) and the United States ($X), 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 accounting for a further 23%.

Spain, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, in terms of 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 Iran amounted to $X per ton, falling by -3.5% against the previous year. In general, the import price showed a pronounced contraction. The growth pace was the most rapid in 2020 when the import price increased by 17% against the previous year. Iran import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

Frequently Asked Questions (FAQ) :