Middle East and North Africa: Roller Bearing Market 2022

Roller Bearing Market Size in Middle East and North Africa

In 2021, the MENA's roller bearing market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. 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 throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Roller Bearing Production in Middle East and North Africa

In value terms, roller bearing production reached $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value 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, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Roller Bearing Exports

Exports in Middle East and North Africa

Roller bearing exports fell to X tons in 2021, declining by -X% against 2020. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, roller bearing exports soared to $X in 2021. The total export value 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Turkey (X tons) was the key exporter of roller bearings, generating X% of total exports. It was distantly followed by the United Arab Emirates (X tons), making up a X% share of total exports. Israel (X tons) followed a long way behind the leaders.

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

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

In Turkey, roller bearing exports increased at an average annual rate of +X% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-X% per year) and Israel (+X% per year).

Export Prices by Country

The export price in Middle East and North Africa stood at $X per ton in 2021, picking up by X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The level of export peaked at $X per ton in 2015; however, from 2016 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 Israel ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Roller Bearing Imports

Imports in Middle East and North Africa

For the third consecutive year, Middle East and North Africa recorded growth in overseas purchases of roller bearings, which increased by X% to X tons in 2021. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, roller bearing imports dropped modestly to $X in 2021. Over the period under review, imports, however, saw a slight slump. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons), Iran (X tons), Saudi Arabia (X tons) and Turkey (X tons) represented the largest importer of roller bearings in Middle East and North Africa, constituting X% of total import. It was distantly followed by Iraq (X tons), committing a X% share of total imports. The following importers - Israel (X tons) and Morocco (X tons) - each finished at a X% share of total imports.

From 2012 to 2021, the biggest increases were in Iran (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets in Middle East and North Africa were Saudi Arabia ($X), Turkey ($X) and Iran ($X), with a combined X% share of total imports.

Iran, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Middle East and North Africa amounted to $X per ton, with a decrease of -X% against the previous year. Over the period under review, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 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 Israel ($X per ton), while Iraq ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform