Oman: Needle Roller Bearing Market 2025

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

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