Report Update Nov 1, 2024

Iraq - Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Iraq: Bearing Market 2024

Bearing Market Size in Iraq

In 2022, the Iraqi bearing market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Bearing Exports

Exports from Iraq

In 2022, overseas shipments of ball or roller bearings decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, bearing exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2021, and then reduced in the following year.

Exports by Country

Azerbaijan (X kg) was the main destination for bearing exports from Iraq, with a X% share of total exports. Moreover, bearing exports to Azerbaijan exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), twofold. Colombia (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Azerbaijan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Colombia (X% per year).

In value terms, the United Arab Emirates ($X), Azerbaijan ($X) and Colombia ($X) were the largest markets for bearing exported from Iraq worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, Colombia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bearing export price stood at $X per ton in 2021, shrinking by X% against the previous year. Overall, the export price, however, posted a prominent increase. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to China ($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 Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Iraq

After two years of decline, supplies from abroad of ball or roller bearings increased by X% to X tons in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, bearing imports amounted to $X in 2022. Overall, imports posted tangible growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) was the main bearing supplier to Iraq, with a X% share of total imports. Moreover, bearing imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ball or roller bearings to Iraq, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Turkey, with a X% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Turkey (X% per year).

Import Prices by Country

In 2021, the average bearing import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ball or roller bearings in the world?

The countries with the highest volumes of in 2021 were China, South Africa and Japan, with a combined 84% share of global consumption.

What are the largest producers of ball or roller bearings in the world?

The country with the largest volume of bearing production was China, accounting for 74% of total volume. Moreover, bearing production in China exceeded the figures recorded by the second-largest producer, Japan, ninefold. The third position in this ranking was occupied by the United States, with a 3.4% share.

What are the leading suppliers of ball or roller bearings to Iraq?

In value terms, the United Arab Emirates constituted the largest supplier of bearing to Iraq, comprising 63% of total imports. The second position in the ranking was occupied by China, with a 16% share of total imports.

What are the leading importers of ball or roller bearings from Iraq?

In value terms, Azerbaijan emerged as the key foreign market for bearing exports from Iraq, comprising 77% of total exports. The second position in the ranking was occupied by China $146), with a 1.1% share of total exports.

What is the average export price for ball or roller bearings in Iraq?

The average bearing export price stood at $16,742 per ton in 2021, with an increase of 2.9% against the previous year.

What is the average import price for ball or roller bearings in Iraq?

The average bearing import price stood at $13,972 per ton in 2021, waning by -19.7% against the previous year.

This report provides an in-depth analysis of the bearing market in Iraq. 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 28151030 - Ball bearings
Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
Prodcom 28151055 - Spherical roller bearings
Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
Prodcom 28151070 - Needle roller bearings
Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)

Country coverage:

Iraq

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Iraq
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