Report Update Nov 1, 2024

Oman - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Oman: Bearing Market 2024

Bearing Market Size in Oman

The Omani bearing market skyrocketed to $X in 2021, surging by 17% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.3% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Bearing Production in Oman

In value terms, bearing production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 75%. Bearing production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Bearing Exports

Exports from Oman

In 2021, bearing exports from Oman totaled X tons, with an increase of 4.4% compared with 2020 figures. Over the period under review, exports recorded a noticeable increase. The most prominent rate of growth was recorded in 2016 when exports increased by 721%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, bearing exports expanded modestly to $X in 2021. In general, exports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 529%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for bearing exports from Oman, accounting for a approx. 6.4% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United Arab Emirates was relatively modest.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for ball and roller bearings exports from Oman.

From 2012 to 2020, the average annual rate of growth in terms of value to the United Arab Emirates stood at -17.1%.

Export Prices by Country

In 2020, the average bearing export price amounted to $X per ton, falling by -56.7% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in 2019 an increase of 101%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2020, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2020, the rate of growth in terms of prices for Saudi Arabia amounted to -6.1% per year.

Bearing Imports

Imports into Oman

In 2021, after two years of growth, there was decline in overseas purchases of ball and roller bearings, when their volume decreased by -1.7% to X tons. In general, imports saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 100%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, bearing imports expanded modestly to $X in 2021. Over the period under review, imports, however, posted pronounced growth. The pace of growth was the most pronounced in 2020 when imports increased by 92% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2020, the United Arab Emirates (X tons) constituted the largest bearing supplier to Oman, accounting for a approx. 1% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from the United Arab Emirates totaled +52.2%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ball and roller bearings to Oman.

From 2012 to 2020, the average annual growth rate of value from the United Arab Emirates amounted to +41.5%.

Import Prices by Country

The average bearing import price stood at $X per ton in 2020, shrinking by -4.2% against the previous year. Overall, import price indicated a remarkable increase from 2012 to 2020: its price increased at an average annual rate of +8.2% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average import price increased by 111% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2020, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2020, the rate of growth in terms of prices for the United States amounted to +15.0% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ball and roller bearings in the world?

The country with the largest volume of bearing consumption was China, comprising approx. 26% of total volume. Moreover, bearing consumption in China exceeded the figures recorded by the second-largest consumer, Japan, twofold. The United States ranked third in terms of total consumption with a 10% share.

What are the largest producers of ball and roller bearings in the world?

The countries with the highest volumes of bearing production in 2021 were China, Japan and the United States, with a combined 60% share of global production. Indonesia, Russia, South Korea, Turkey, Thailand, Italy, Canada, Mexico, Romania and Germany lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of ball and roller bearings to Oman?

In value terms, the United Arab Emirates constituted the largest supplier of bearing to Oman.

What are the leading importers of ball and roller bearings from Oman?

In value terms, the United Arab Emirates remains the key foreign market for bearing exports from Oman.

What is the average export price for ball and roller bearings in Oman?

In 2020, the average bearing export price amounted to $20,487 per ton, increasing by 25% against the previous year.

What is the average import price for ball and roller bearings in Oman?

In 2020, the average bearing import price amounted to $18,517 per ton, waning by -23.5% against the previous year.

This report provides an in-depth analysis of the bearing market in Oman. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28151030 - Ball bearings
Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
Prodcom 28151055 - Spherical roller bearings
Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
Prodcom 28151070 - Needle roller bearings
Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)

Country coverage:

Oman

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Oman
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023