Middle East: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2025

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in the Middle East

The Middle Eastern market for bearing housings incorporating ball or roller bearings declined to $X in 2022, with a decrease of -12.9% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in the Middle East

In value terms, bearing housing with ball bearing production rose modestly to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 58% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in the Middle East

In 2022, shipments abroad of bearing housings incorporating ball or roller bearings increased by 157% to X tons, rising for the third consecutive year after three years of decline. In general, exports enjoyed a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing with ball bearing exports soared to $X in 2022. Overall, exports posted a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the United Arab Emirates (X tons) and Turkey (X tons), together finishing at 98% of total export.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +24.9%).

In value terms, the largest bearing housing with ball bearing supplying countries in the Middle East were the United Arab Emirates ($X) and Turkey ($X).

The United Arab Emirates, with a CAGR of +21.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, which is down by -9.3% against the previous year. Overall, the export price saw a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the export price increased by 13%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.7%).

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in the Middle East

For the third year in a row, the Middle East recorded growth in purchases abroad of bearing housings incorporating ball or roller bearings, which increased by 24% to X tons in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 39% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, bearing housing with ball bearing imports shrank to $X in 2022. In general, imports, however, recorded a pronounced setback. The growth pace was the most rapid in 2021 with an increase of 19%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Turkey was the main importer of bearing housings incorporating ball or roller bearings in the Middle East, with the volume of imports reaching X tons, which was approx. 60% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons) and Iran (X tons), together creating a 30% share of total imports. The following importers - Israel (X tons) and Iraq (X tons) - together made up 5.9% of total imports.

From 2012 to 2022, average annual rates of growth with regard to bearing housing with ball bearing imports into Turkey stood at +5.7%. At the same time, Iraq (+12.1%), Israel (+11.7%) and the United Arab Emirates (+7.5%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +12.1% from 2012-2022. By contrast, Iran (-1.9%) illustrated a downward trend over the same period. Turkey (+11 p.p.), the United Arab Emirates (+6.5 p.p.) and Israel (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -6.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported bearing housings incorporating ball or roller bearings in the Middle East, comprising 53% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 23% share of total imports. It was followed by Israel, with an 8.6% share.

In Turkey, bearing housing with ball bearing imports expanded at an average annual rate of +4.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (+1.4% per year) and Israel (+8.5% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, shrinking by -22.6% against the previous year. Over the period under review, the import price showed a abrupt downturn. The pace of growth was the most pronounced in 2017 when the import price increased by 40%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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