Pakistan: Bearing Market 2025

Bearing Market Size in Pakistan

The Pakistani bearing market was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bearing Exports

Exports from Pakistan

In 2021, bearing exports from Pakistan soared to X tons, rising by 291% against the previous year's figure. Over the period under review, exports enjoyed noticeable growth. The pace of growth appeared the most rapid in 2014 when exports increased by 424% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, bearing exports soared to $X in 2021. Overall, exports continue to indicate a temperate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 413% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X kg), Djibouti (X kg) and the United Arab Emirates (X kg) were the main destinations of bearing exports from Pakistan, together accounting for 18% of total exports.

From 2012 to 2020, the biggest increases were recorded for Djibouti (with a CAGR of +465.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing exported from Pakistan were the United States ($X), the United Arab Emirates ($X) and Tanzania ($X).

The United Arab Emirates, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bearing export price stood at $X per ton in 2020, dropping by -53.3% against the previous year. Overall, the export price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 528%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Djibouti ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Pakistan

In 2021, approx. X tons of ball and roller bearings were imported into Pakistan; with an increase of 69% against the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +124.1% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing imports soared to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, China (X tons) constituted the largest bearing supplier to Pakistan, accounting for a 1% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was taken by Germany (X tons), with a 0.1% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China amounted to -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-20.8% per year) and Germany (-18.0% per year).

In value terms, China ($X) constituted the largest supplier of ball and roller bearings to Pakistan, comprising 71% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by Germany, with a 9.2% share.

From 2012 to 2020, the average annual growth rate of value from China amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.5% per year) and Germany (+1.0% per year).

Import Prices by Country

In 2020, the average bearing import price amounted to $X per ton, growing by 8.3% against the previous year. Overall, the import price recorded a mild expansion. The pace of growth was the most pronounced in 2017 an increase of 65%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, import prices stood at a somewhat lower figure.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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