United Arab Emirates: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in the United Arab Emirates

The market for bearing housings not incorporating ball or roller bearings, plain shaft bearings in the United Arab Emirates amounted to $X in 2021, approximately mirroring 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, consumption, however, continues to indicate a relatively flat trend pattern. Bearing housing without ball bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from the United Arab Emirates

In 2021, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings exported from the United Arab Emirates contracted notably to X tons, reducing by -21.1% against the previous year's figure. In general, exports, however, saw a temperate increase. The pace of growth was the most pronounced in 2013 when exports increased by 69%. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports expanded modestly to $X in 2021. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 46% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons) was the main destination for bearing housing without ball bearing exports from the United Arab Emirates, accounting for a 62% share of total exports. Moreover, bearing housing without ball bearing exports to Oman exceeded the volume sent to the second major destination, India (X tons), more than tenfold. Pakistan (X tons) ranked third in terms of total exports with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+11.1% per year) and Pakistan (-5.5% per year).

In value terms, Oman ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from the United Arab Emirates, comprising 57% of total exports. The second position in the ranking was held by India ($X), with a 4.7% share of total exports. It was followed by Pakistan, with a 3.9% share.

From 2012 to 2021, the average annual growth rate of value to Oman stood at +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+19.2% per year) and Pakistan (+0.9% per year).

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, rising by 33% against the previous year. In general, the export price posted a prominent expansion. The pace of growth appeared the most rapid in 2017 an increase of 55%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Kenya ($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 Iran (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into the United Arab Emirates

In 2021, after four years of growth, there was significant decline in purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume decreased by -10.6% to X tons. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 10%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bearing housing without ball bearing imports expanded to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 15% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons) constituted the largest bearing housing without ball bearing supplier to the United Arab Emirates, with a 43% share of total imports. Moreover, bearing housing without ball bearing imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The United States (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.2% per year) and the United States (-9.6% per year).

In value terms, Japan ($X) constituted the largest supplier of bearing housings not incorporating ball or roller bearings, plain shaft bearings to the United Arab Emirates, comprising 33% of total imports. The second position in the ranking was held by Germany ($X), with a 9.7% share of total imports. It was followed by the United States, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.2% per year) and the United States (-2.4% per year).

Import Prices by Country

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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