Oman: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Oman

The Omani cylindrical roller bearing market fell to $X in 2023, 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). Over the period under review, consumption recorded a buoyant increase. Oman consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Oman

In 2023, shipments abroad of cylindrical roller bearings was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports skyrocketed to $X in 2023. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The Oman exports peaked at $X in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, China (X tons) and Germany (X tons) were the key exporters of cylindrical roller bearingsin the world, together recording near X% of total exports. It was distantly followed by Kazakhstan (X tons), Japan (X tons), Romania (X tons) and Slovakia (X tons), together achieving a X% share of total exports. Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), Poland (X tons), Canada (X tons), France (X tons), the Netherlands (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

In Germany, cylindrical roller bearing exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Export Prices by Country

The export price in Oman stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a notable increase. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was France ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Oman

In 2023, supplies from abroad of cylindrical roller bearings increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, cylindrical roller bearing imports reduced to $X in 2023. Overall, imports saw buoyant growth. The growth pace was the most rapid in 2016 when imports increased by X%. Oman imports peaked at $X in 2022, and then reduced in the following year.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2023 were China (X tons), Germany (X tons) and Russia (X tons), together resulting at X% of total import. Italy (X tons), the United States (X tons), Mexico (X tons), Spain (X tons), South Korea (X tons), Thailand (X tons), Turkey (X tons), Belgium (X tons), Canada (X tons) and the Czech Republic (X tons) took a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Spain, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 Oman stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2022 when the import price increased by X%. Oman import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, 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 2023, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform