Report Update Nov 1, 2024

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

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Iraq: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Iraq

The Iraqi spherical roller bearing market soared to $X in 2021, jumping by 25% 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). In general, consumption, however, saw a slight decrease. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Spherical Roller Bearing Exports

Exports from Iraq

In 2019, spherical roller bearing exports from Iraq stood at X kg, standing approx. at the previous year's figure. Overall, exports recorded significant growth. The smallest decline of 99.9% was in 2018. The exports peaked in 2019 and are likely to see steady growth in the near future.

In value terms, spherical roller bearing exports totaled $X in 2019. Over the period under review, exports showed a significant increase. The smallest decline of 99.9% was in 2018. Over the period under review, the exports reached the maximum in 2019 and are likely to see steady growth in years to come.

Exports by Country

Sweden (X kg) was the main destination for spherical roller bearing exports from Iraq, with a 80% share of total exports. Moreover, spherical roller bearing exports to Sweden exceeded the volume sent to the second major destination, Ukraine (X kg), fourfold.

From 2017 to 2019, the average annual growth rate of volume to Sweden was relatively modest.

In value terms, Ukraine ($X) and Sweden ($X) constituted the largest markets for spherical roller bearing exported from Iraq worldwide.

Sweden, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2019, approximately equating the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when the average export price decreased by 99.9%. The export price peaked in 2019 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2019, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Sweden amounted to $X per ton.

From 2017 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into Iraq

In 2021, imports of spherical roller bearings into Iraq soared to X tons, with an increase of 39% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 342%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, spherical roller bearing imports stood at $X in 2021. Over the period under review, imports, however, recorded a perceptible decline. The growth pace was the most rapid in 2019 with an increase of 170%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of spherical roller bearing to Iraq, with a 51% share of total imports. Moreover, spherical roller bearing imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Romania (X tons), twofold. China (X tons) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at -6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+57.5% per year) and China (+16.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of spherical roller bearings to Iraq, comprising 55% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by Romania, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.2% per year) and Romania (+24.3% per year).

Import Prices by Country

In 2021, the average spherical roller bearing import price amounted to $X per ton, shrinking by -21.7% against the previous year. Overall, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2020 when the average import price increased by 50%. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Romania ($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 (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of spherical roller bearing consumption, accounting for 24% of total volume. Moreover, spherical roller bearing consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.1% share.

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

The countries with the highest volumes of in 2021 were China, Japan and the United States, with a combined 41% share of global production. Sweden, Germany, India, Romania, South Africa, Russia, France, Malaysia and the UK lagged somewhat behind, together comprising a further 45%.

What are the leading suppliers of spherical roller bearings to Iraq?

In value terms, the United Arab Emirates constituted the largest supplier of spherical roller bearing to Iraq, comprising 79% of total imports. The second position in the ranking was occupied by Jordan, with a 4.1% share of total imports.

What are the leading importers of spherical roller bearings from Iraq?

In value terms, the largest markets for spherical roller bearing exported from Iraq were Ukraine $274) and Sweden $211).

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

The average spherical roller bearing export price stood at $34,643 per ton in 2019, approximately reflecting the previous year.

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

In 2021, the average spherical roller bearing import price amounted to $8,952 per ton, declining by -6.8% against the previous year.

This report provides an in-depth analysis of the spherical roller 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 28151055 - Spherical 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