United Arab Emirates: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in the United Arab Emirates

After three years of growth, the cylindrical roller bearing market in the United Arab Emirates decreased by -10.2% to $X in 2022. In general, consumption enjoyed prominent growth. The United Arab Emirates consumption peaked at $X in 2021, and then reduced in the following year.

Cylindrical Roller Bearing Exports

Exports from the United Arab Emirates

In 2022, overseas shipments of cylindrical roller bearings increased by 26% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, exports saw prominent growth. The growth pace was the most rapid in 2017 with an increase of 317%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports declined modestly to $X in 2022. Over the period under review, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 427% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. Romania (X tons) held a 7.7% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (5.6%). The following exporters - Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) - together made up 19% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from the United Arab Emirates, comprising 27% of global exports. The second position in the ranking was taken by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in the United Arab Emirates amounted to $X per ton, shrinking by -22.8% 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 export price increased by 26% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then shrank markedly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in supplies from abroad of cylindrical roller bearings, which increased by 7.4% to X tons in 2022. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 56%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, cylindrical roller bearing imports shrank to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +70.3% against 2018 indices. The growth pace was the most rapid in 2019 with an increase of 40%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

The purchases of the three major importers of cylindrical roller bearings, namely China, Russia and Germany, represented more than third of total import. It was distantly followed by the United States (X tons), generating a 5.7% share of total imports. The following importers - Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into the United Arab Emirates were China ($X), Germany ($X) and the United States ($X), together accounting for 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further 23%.

Spain, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the United Arab Emirates stood at $X per ton in 2022, shrinking by -16.7% against the previous year. In general, the import price recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2016 when the import price increased by 28%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :