Pakistan: Bearing Market 2024

Bearing Market Size in Pakistan

The Pakistani bearing market declined dramatically to $X in 2022, waning by X% 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, the total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Bearing Exports

Exports from Pakistan

In 2022, approx. X tons of ball or roller bearings were exported from Pakistan; with a decrease of X% on the previous year. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing exports totaled $X in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for bearing exports from Pakistan, accounting for a X% share of total exports. Moreover, bearing exports to the United Arab Emirates exceeded the volume sent to the second major destination, Tanzania (X tons), fourfold. The third position in this ranking was held by Germany (X kg), with an X% share.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Germany (X% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for ball or roller bearings exports from Pakistan, comprising X% of total exports. The second position in the ranking was taken by Tanzania ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (X% per year) and Germany (X% per year).

Export Prices by Country

The average bearing export price stood at $X per ton in 2021, waning by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Djibouti ($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 Tanzania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Pakistan

In 2022, the amount of ball or roller bearings imported into Pakistan declined notably to X tons, waning by X% compared with 2021. Overall, total imports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then dropped markedly in the following year.

In value terms, bearing imports declined significantly to $X in 2022. In general, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bearing to Pakistan, accounting for a X% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

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

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Germany (X% per year).

Import Prices by Country

The average bearing import price stood at $X per ton in 2021, shrinking by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Thailand ($X per ton) and Japan ($X per ton), while the price for Romania ($X per ton) and the United Arab Emirates ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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