United Arab Emirates: Roller Bearing Market 2024

Roller Bearing Market Size in the United Arab Emirates

In 2022, the roller bearing market in the United Arab Emirates increased by 26% to $X, rising for the second consecutive year after two years of decline. Overall, consumption showed a resilient expansion. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Roller Bearing Production in the United Arab Emirates

In value terms, roller bearing production contracted modestly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 111%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Roller Bearing Exports

Exports from the United Arab Emirates

In 2022, exports of roller bearings from the United Arab Emirates contracted rapidly to X tons, reducing by -70.5% on the previous year's figure. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 73% against the previous year. The the United Arab Emirates exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, roller bearing exports declined to $X in 2022. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2015 with an increase of 90% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of about X tons, which accounted for 43% of total exports. Singapore (X tons) took a 9.7% share (based on physical terms) of total exports, which put it in second place, followed by Germany (7.2%), France (6.9%), Slovakia (5.4%) and the United States (0.8%). Italy (X tons), South Korea (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Turkey (X tons), Austria (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to roller bearing exports from China stood at +22.6%. At the same time, Indonesia (+35.7%), Turkey (+8.5%), Singapore (+1.2%) and Slovakia (+1.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.7% from 2012-2022. By contrast, Italy (-1.9%), Germany (-2.0%), France (-2.2%), South Korea (-9.7%), Hong Kong SAR (-13.7%), the United States (-18.4%), Austria (-22.3%) and Romania (-22.4%) illustrated a downward trend over the same period. While the share of China (+37 p.p.) and Indonesia (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (-1.5 p.p.), Germany (-2.6 p.p.), France (-2.7 p.p.), Romania (-4.9 p.p.), Hong Kong SAR (-6 p.p.), South Korea (-6.3 p.p.), the United States (-6.4 p.p.) and Austria (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing supplying countries from the United Arab Emirates were China ($X), Singapore ($X) and Germany ($X), with a combined 45% share of total exports. Italy, the United States, France, Hong Kong SAR, Slovakia, South Korea, Austria, Turkey, Indonesia and Romania lagged somewhat behind, together comprising a further 31%.

Indonesia, with a CAGR of +16.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the United Arab Emirates stood at $X per ton in 2022, growing by 197% against the previous year. Over the period under review, the export price posted a prominent increase. The the United Arab Emirates export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into the United Arab Emirates

Roller bearing imports into the United Arab Emirates dropped to X tons in 2022, with a decrease of -10.2% compared with the year before. In general, imports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of 133%. Over the period under review, imports reached the peak figure at X tons in 2021, and then contracted in the following year.

In value terms, roller bearing imports dropped remarkably to $X in 2022. Over the period under review, imports, however, showed perceptible growth. The pace of growth was the most pronounced in 2015 with an increase of 60% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank significantly in the following year.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented roughly 32% of total imports in 2022. It was distantly followed by Germany (X tons), comprising a 6.2% share of total imports. India (X tons), Italy (X tons), Canada (X tons), Malaysia (X tons), Spain (X tons), South Korea (X tons), France (X tons), Singapore (X tons), Poland (X tons) and Austria (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets into the United Arab Emirates were Indonesia ($X), Germany ($X) and India ($X), with a combined 24% share of total imports.

Indonesia, with a CAGR of +4.2%, recorded the highest growth rate of 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, reducing by -8.1% against the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2017 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Thailand ($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 (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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