Jordan: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Jordan

The Jordanian cylindrical roller bearing market soared to $X in 2022, rising by 21% against the previous year. In general, consumption continues to indicate buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Cylindrical Roller Bearing Production in Jordan

In value terms, cylindrical roller bearing production surged to $X in 2022 estimated in export price. In general, production recorded a strong increase. The growth pace was the most rapid in 2020 with an increase of 124% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports from Jordan

In 2022, shipments abroad of cylindrical roller bearings decreased by -79.6% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 601%. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, cylindrical roller bearing exports dropped rapidly to $X in 2022. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 295%. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

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%). 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) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Jordan, comprising 27% of global exports. The second position in the ranking was taken by Japan ($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 Jordan stood at $X per ton in 2022, growing by 8.7% against the previous year. Over the period under review, the export price, however, showed a perceptible slump. The pace of growth was the most pronounced in 2016 when the export price increased by 203%. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 Jordan

In 2022, after two years of decline, there was significant growth in overseas purchases of cylindrical roller bearings, when their volume increased by 167% to X tons. Overall, imports, however, recorded a abrupt contraction. Jordan imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing imports skyrocketed to $X in 2022. In general, imports, however, saw a deep contraction. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) represented roughly 42% of total imports in 2022. It was distantly followed by the United States (X tons), committing a 5.7% share of total imports. The following importers - 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) - together made up 23% 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 Jordan were China ($X), Germany ($X) and the United States ($X), together comprising 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Spain, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, 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 Jordan amounted to $X per ton, falling by -18.8% against the previous year. Over the period under review, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2020 an increase of 100%. Jordan import price peaked at $X per ton in 2021, and then contracted notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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