Pakistan: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Pakistan

In 2022, the Pakistani market for bearing housings incorporating ball or roller bearings decreased by -3.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +25.1% against 2019 indices. Bearing housing with ball bearing consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Pakistan

In 2022, overseas shipments of bearing housings incorporating ball or roller bearings were finally on the rise to reach X kg for the first time since 2015, thus ending a six-year declining trend. Overall, exports, however, showed a dramatic decline. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing housing with ball bearing exports soared to $X in 2022. In general, exports, however, showed a dramatic setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kenya (X kg) was the main destination for bearing housing with ball bearing exports from Pakistan, accounting for a 66% share of total exports. Moreover, bearing housing with ball bearing exports to Kenya exceeded the volume sent to the second major destination, Tanzania (X kg), fourfold. The UK (X kg) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kenya stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (-19.6% per year) and the UK (-38.3% per year).

In value terms, the UK ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from Pakistan, comprising 62% of total exports. The second position in the ranking was taken by Kenya ($X), with a 19% share of total exports. It was followed by Tanzania, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled -21.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (-8.8% per year) and Tanzania (-18.1% per year).

Export Prices by Country

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, with a decrease of -15.5% against the previous year. In general, the export price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 an increase of 53%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average 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 UK ($X per ton), while the average price for exports to Mozambique ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Pakistan

After two years of growth, purchases abroad of bearing housings incorporating ball or roller bearings decreased by -5.8% to X tons in 2022. Overall, imports, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2017 when imports increased by 75% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, bearing housing with ball bearing imports contracted slightly to $X in 2022. In general, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +25.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 51%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Singapore (X tons) and Germany (X tons) were the main suppliers of bearing housing with ball bearing imports to Pakistan, together accounting for 64% of total imports. Italy, South Korea, Vietnam, the United States, the UK, Ireland, Austria and Japan lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +55.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing with ball bearing suppliers to Pakistan were Singapore ($X), China ($X) and Germany ($X), together comprising 67% of total imports. Italy, South Korea, the United States, Vietnam, the UK, Ireland, Austria and Japan lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, South Korea, with a CAGR of +52.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, rising by 2.7% against the previous year. Overall, the import price, however, saw a mild slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 7.1% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Germany ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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