Middle East and North Africa: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in Middle East and North Africa

After two years of growth, the MENA's ball bearing parts market decreased by X% to $X in 2021. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Ball Bearing Parts Production in Middle East and North Africa

In value terms, ball bearing parts production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Ball Bearing Parts Exports

Exports in Middle East and North Africa

In 2021, shipments abroad of parts of ball or roller bearings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing parts exports soared to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2021. The United Arab Emirates (X tons) took a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the parts of ball or roller bearings exports, with a CAGR of +X% from 2012 to 2021. the United Arab Emirates (-X%) illustrated a downward trend over the same period. Turkey (+X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -X% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest ball bearing parts supplier in Middle East and North Africa, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, ball bearing parts exports increased at an average annual rate of +X% over the period from 2012-2021.

Export Prices by Country

The export price in Middle East and North Africa stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price showed a slight decrease. The growth pace was the most rapid in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%).

Ball Bearing Parts Imports

Imports in Middle East and North Africa

In 2021, ball bearing parts imports in Middle East and North Africa skyrocketed to X tons, jumping by X% compared with 2020. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, ball bearing parts imports surged to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Turkey dominates imports structure, amounting to X tons, which was near X% of total imports in 2021. Iran (X tons) held the second position in the ranking, followed by Saudi Arabia (X tons) and Israel (X tons). All these countries together took near X% share of total imports. The United Arab Emirates (X tons) and Morocco (X tons) held a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to ball bearing parts imports into Turkey stood at +X%. At the same time, Israel (+X%), Morocco (+X%) and Iran (+X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in Middle East and North Africa, with a CAGR of +X% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-X%) illustrated a downward trend over the same period. While the share of Turkey (+X p.p.) and Israel (+X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-X p.p.), Iran (-X p.p.) and Saudi Arabia (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported parts of ball or roller bearings in Middle East and North Africa, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Israel, with an X% share.

In Turkey, ball bearing parts imports expanded at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (-X% per year) and Israel (+X% per year).

Import Prices by Country

In 2021, the import price in Middle East and North Africa amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform