Kuwait: Ball Bearing Market 2025

Ball Bearing Market Size in Kuwait

The Kuwaiti ball bearing market soared to $X in 2021, surging by 23% 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). Overall, the total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.8% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Ball Bearing Exports

Exports from Kuwait

In 2021, the amount of ball bearings exported from Kuwait expanded rapidly to X tons, picking up by 8.1% compared with the previous year. Over the period under review, exports recorded a measured increase. The pace of growth appeared the most rapid in 2018 with an increase of 721% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing exports expanded to $X in 2021. In general, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 767%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Qatar (X kg), Hong Kong SAR (X kg) and the Philippines (X kg) were the main destinations of ball bearing exports from Kuwait, with a combined 56% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +81.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball bearing exported from Kuwait were the United States ($X), the United Arab Emirates ($X) and Hong Kong SAR ($X), together comprising 60% of total exports. Qatar, Germany, Saudi Arabia, the Philippines, Bahrain and Iran lagged somewhat behind, together accounting for a further 19%.

Among the main countries of destination, Qatar, with a CAGR of +36.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ball bearing export price amounted to $X per ton, dropping by -4.8% against the previous year. Overall, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 53% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the Philippines ($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 Italy (+249.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into Kuwait

Ball bearing imports into Kuwait expanded notably to X tons in 2021, growing by 12% against the previous year's figure. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -17.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 108%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, ball bearing imports surged to $X in 2021. Over the period under review, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.0% against 2019 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 85%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), China (X tons) and Thailand (X tons) were the main suppliers of ball bearing imports to Kuwait, together accounting for 33% of total imports. These countries were followed by Japan, Poland, the United States, Germany, Italy, Mexico, the Netherlands, South Korea, Portugal and India, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +29.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ball bearings to Kuwait, comprising 19% of total imports. The second position in the ranking was taken by the United States ($X), with a 9% share of total imports. It was followed by Japan, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.1% per year) and Japan (-3.7% per year).

Import Prices by Country

The average ball bearing import price stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Portugal ($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 (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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