Oman: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Oman

The Omani cylindrical roller bearing market reached $X in 2022, with an increase of 11% 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, consumption, however, saw a buoyant increase. Oman consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Oman

In 2022, cylindrical roller bearing exports from Oman shrank sharply to X kg, falling by -48.5% compared with 2021 figures. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 2,404%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cylindrical roller bearing exports fell notably to $X in 2022. Overall, exports, however, showed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 1,640%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

In 2022, Germany (X tons), China (X tons) and Japan (X tons) was the major exporter of cylindrical roller bearings in the world, mixing up 53% of total export. It was distantly followed by Romania (X tons) and Slovakia (X tons), together creating a 13% share of total exports. The following exporters - Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) - together made up 19% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Oman, comprising 27% of global exports. The second position in the ranking was taken by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Oman stood at $X per ton in 2022, with an increase of 31% against the previous year. In general, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2018 when the export price increased by 97%. The Oman export price peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Oman

After three years of growth, purchases abroad of cylindrical roller bearings decreased by -5.7% to X tons in 2022. Over the period under review, imports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of 65% against the previous year. Oman imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, cylindrical roller bearing imports soared to $X in 2022. Overall, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 47% against the previous year. Oman imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of cylindrical roller bearings, namely China, Russia and Germany, represented more than third of total import. It was distantly followed by the United States (X tons), generating a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Spain, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, among 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

The import price in Oman stood at $X per ton in 2022, jumping by 26% against the previous year. Over the period under review, the import price, however, recorded a deep slump. The pace of growth appeared the most rapid in 2018 when the import price increased by 29% against the previous year. Oman import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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