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Report Iraq - Parts of Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Iraq: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Iraq

In 2021, the Iraqi ball bearing parts market decreased by -48.5% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Ball Bearing Parts Exports

Exports from Iraq

In 2016, after two years of decline, there was significant decline in shipments abroad of parts of ball or roller bearings, when their volume decreased by -58.3% to X kg. Overall, exports, however, continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 200% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2015, and then fell remarkably in the following year.

In value terms, ball bearing parts exports shrank sharply to $X in 2016. Over the period under review, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 110%. Over the period under review, the exports reached the maximum at $X in 2015, and then dropped rapidly in the following year.

Exports by Country

Ghana (X kg) was the main destination for ball bearing parts exports from Iraq, accounting for a approx. 100% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of volume to Ghana was relatively modest.

In value terms, Ghana ($X) emerged as the key foreign market for parts of ball or roller bearings exports from Iraq.

From 2012 to 2016, the average annual growth rate of value to Ghana was relatively modest.

Export Prices by Country

The average ball bearing parts export price stood at $X per ton in 2016, increasing by 44% against the previous year. In general, the export price, however, recorded a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2016, the rate of growth in terms of prices for Kenya amounted to -37.2% per year.

Ball Bearing Parts Imports

Imports into Iraq

In 2021, supplies from abroad of parts of ball or roller bearings decreased by -59.7% to X tons, falling for the second consecutive year after two years of growth. Overall, imports showed a deep setback. The pace of growth was the most pronounced in 2018 when imports increased by 192% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, ball bearing parts imports shrank notably to $X in 2021. Over the period under review, imports saw a slight slump. The growth pace was the most rapid in 2018 with an increase of 101%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons) and South Korea (X tons) were the main suppliers of ball bearing parts imports to Iraq, with a combined 81% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +26.4%), while purchases for the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of parts of ball or roller bearings to Iraq, comprising 46% of total imports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates stood at +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.4% per year) and South Korea (+18.4% per year).

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2021, jumping by 61% against the previous year. Overall, the import price saw a strong increase. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+20.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China remains the largest ball bearing parts consuming country worldwide, accounting for 24% of total volume. Moreover, ball bearing parts consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 8% share.
China remains the largest ball bearing parts producing country worldwide, accounting for 37% of total volume. Moreover, ball bearing parts production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 9.1% share.
In value terms, Turkey constituted the largest supplier of ball bearing parts to Iraq, comprising 78% of total imports. The second position in the ranking was occupied by India, with a 7.8% share of total imports.
The average ball bearing parts import price stood at $13,577 per ton in 2021, shrinking by -32.1% against the previous year.

This report provides an in-depth analysis of the ball bearing parts 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 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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