Report Update Nov 1, 2024

Iran - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Iran: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Iran

In 2021, the Iranian needle roller bearing market decreased by -20.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a mild expansion. Needle roller bearing consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Needle Roller Bearing Exports

Exports from Iran

Needle roller bearing exports from Iran fell rapidly to X kg in 2021, with a decrease of -50% on the previous year. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 148% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, needle roller bearing exports plummeted to $X in 2021. In general, exports faced a significant decrease. The growth pace was the most rapid in 2014 with an increase of 139%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X kg) was the main destination for needle roller bearing exports from Iran, accounting for a 64% share of total exports. Moreover, needle roller bearing exports to China exceeded the volume sent to the second major destination, Russia (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-40.1% per year) and Belarus (-43.0% per year).

In value terms, China ($X) remains the key foreign market for needle roller bearing exports from Iran, comprising 77% of total exports. The second position in the ranking was held by Russia ($X), with a 12% share of total exports. It was followed by Belarus, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-40.2% per year) and Belarus (-49.9% per year).

Export Prices by Country

In 2021, the average needle roller bearing export price amounted to $X per ton, increasing by 15% against the previous year. In general, the export price enjoyed a pronounced expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 24%. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Belarus ($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 China (+13.2%), while the prices for the other major destinations experienced mixed trend patterns.

Needle Roller Bearing Imports

Imports into Iran

In 2021, supplies from abroad of needle roller bearings decreased by -16.1% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 320%. Imports peaked at X tons in 2020, and then declined remarkably in the following year.

In value terms, needle roller bearing imports declined dramatically to $X in 2021. Overall, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 259% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Armenia (X tons), China (X tons) and France (X tons) were the main suppliers of needle roller bearing imports to Iran, together accounting for 73% of total imports. These countries were followed by the United Arab Emirates, Slovakia, Turkey, Hong Kong SAR and South Korea, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were in Slovakia (with a CAGR of +64.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of needle roller bearing to Iran, comprising 41% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 17% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from France totaled +22.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+45.9% per year) and China (-14.6% per year).

Import Prices by Country

In 2021, the average needle roller bearing import price amounted to $X per ton, shrinking by -11.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt descent. The growth pace was the most rapid in 2013 when the average import price increased by 21%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for Armenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for needle roller bearings in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together comprising 44% of global consumption. India, Mexico, Brazil, Japan, Russia, Canada, France, Vietnam, South Korea and the Philippines lagged somewhat behind, together comprising a further 34%.

What are the largest producers of needle roller bearings in the world?

The country with the largest volume of needle roller bearing production was China, accounting for 28% of total volume. Moreover, needle roller bearing production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The third position in this ranking was occupied by the United States, with an 8.4% share.

What are the leading suppliers of needle roller bearings to Iran?

In value terms, China constituted the largest supplier of needle roller bearing to Iran, comprising 77% of total imports. The second position in the ranking was occupied by France, with an 11% share of total imports. It was followed by Germany, with a 4.2% share.

What are the leading importers of needle roller bearings from Iran?

In value terms, China remains the key foreign market for needle roller bearing exports from Iran, comprising 81% of total exports. The second position in the ranking was occupied by Russia $431), with a 13% share of total exports.

What is the average export price for needle roller bearings in Iran?

In 2021, the average needle roller bearing export price amounted to $25,664 per ton, with a decrease of -17.2% against the previous year.

What is the average import price for needle roller bearings in Iran?

The average needle roller bearing import price stood at $9,903 per ton in 2021, with an increase of 2.9% against the previous year.

This report provides an in-depth analysis of the needle roller bearing market in Iran. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28151070 - Needle roller bearings

Country coverage:

Iran

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iran
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023