Report Update Nov 1, 2024

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

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Oman: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Oman

In 2021, the Omani needle roller bearing market increased by 4% to $X, rising for the third year in a row after three years of decline. Overall, consumption enjoyed a resilient expansion. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in years to come.

Needle Roller Bearing Exports

Exports from Oman

In 2021, approx. X tons of needle roller bearings were exported from Oman; increasing by 61% against 2020. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 354%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, needle roller bearing exports reduced to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2019 with an increase of 275% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Yemen (X kg), the United Arab Emirates (X kg) and Qatar (X kg) were the main destinations of needle roller bearing exports from Oman, together comprising 97% of total exports.

From 2012 to 2021, the biggest increases were in Yemen (with a CAGR of +691.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United Arab Emirates ($X) remains the key foreign market for needle roller bearing exports from Oman, comprising 79% of total exports. The second position in the ranking was taken by Qatar ($X), with a 12% share of total exports. It was followed by Yemen, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+6.3% per year) and Yemen (-82.1% per year).

Export Prices by Country

In 2021, the average needle roller bearing export price amounted to $X per ton, waning by -45.6% against the previous year. Overall, the export price recorded a noticeable slump. The growth pace was the most rapid in 2019 an increase of 94% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then reduced sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Egypt ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+325.6%), while the prices for the other major destinations experienced mixed trend patterns.

Needle Roller Bearing Imports

Imports into Oman

In 2021, overseas purchases of needle roller bearings increased by 2.1% to X tons, rising for the third year in a row after two years of decline. Overall, imports showed a resilient increase. The pace of growth appeared the most rapid in 2020 with an increase of 83%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, needle roller bearing imports expanded notably to $X in 2021. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2014 when imports increased by 60%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest needle roller bearing supplier to Oman, with a 83% share of total imports. Moreover, needle roller bearing imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+4.0% per year) and Singapore (+46.2% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of needle roller bearing to Oman, comprising 63% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 15% share of total imports. It was followed by Singapore, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United Arab Emirates amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.5% per year) and Singapore (+55.2% per year).

Import Prices by Country

The average needle roller bearing import price stood at $X per ton in 2021, with an increase of 5.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 37%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for needle roller bearings in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together accounting for 44% of global consumption. India, Mexico, Brazil, Japan, Russia, Canada, France, Vietnam, South Korea and the Philippines lagged somewhat behind, together accounting for a further 34%.

What are the largest producers of needle roller bearings in the world?

China remains the largest needle roller bearing producing country worldwide, accounting for 28% of total volume. Moreover, needle roller bearing production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The third position in this ranking was occupied by the United States, with an 8.4% share.

What are the leading suppliers of needle roller bearings to Oman?

In value terms, the United Arab Emirates constituted the largest supplier of needle roller bearing to Oman, comprising 56% of total imports. The second position in the ranking was occupied by Malaysia, with a 21% share of total imports. It was followed by Singapore, with a 5.7% share.

What are the leading importers of needle roller bearings from Oman?

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

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

The average needle roller bearing export price stood at $15,710 per ton in 2021, almost unchanged from the previous year.

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

In 2021, the average needle roller bearing import price amounted to $42,006 per ton, approximately mirroring the previous year.

This report provides an in-depth analysis of the needle roller 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 28151070 - Needle 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