Pakistan - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Pakistan - 2023
Contents:
- Bearing Price in Pakistan (CIF) - 2023
- Bearing Price in Pakistan (FOB) - 2022
- Bearing Imports in Pakistan
- Bearing Exports in Pakistan
Bearing Price in Pakistan (CIF) - 2023
The average bearing import price stood at $123K per ton in April 2023, rising by 10% against the previous month. Over the period under review, the import price saw a resilient increase. The pace of growth was the most pronounced in September 2022 when the average import price increased by 332% m-o-m. Over the period under review, average import prices attained the peak figure at $141K per ton in October 2022; however, from November 2022 to April 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In April 2023, the country with the highest price was Japan ($190K per ton), while the price for Sweden ($23,129 per ton) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by Japan (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Pakistan (FOB) - 2022
The average bearing export price stood at $43,684 per ton in 2020, declining by -53.3% against the previous year. Overall, the export price, however, showed strong growth. The growth pace was the most rapid in 2017 an increase of 528% against the previous year. Over the period under review, the average export prices attained the peak figure at $128,738 per ton in 2018; however, from 2019 to 2020, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2020, amid the top suppliers, the country with the highest price was Tanzania ($765,765 per ton), while the average price for exports to Djibouti ($11,008 per ton) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Pakistan
Bearing imports into Pakistan was estimated at 4.3K tons in 2022, remaining constant against the previous year's figure. Overall, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, bearing imports reached $90M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Bearing in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| China | 35.2 | 43.5 | 23.6% | ||
| Japan | 6.3 | 6.7 | 6.3% | ||
| Germany | 6.4 | 5.7 | -10.9% | ||
| Thailand | 2.5 | 3.2 | 28.0% | ||
| Romania | 1.4 | 1.9 | 35.7% | ||
| United States | 2.0 | 1.5 | -25.0% | ||
| Taiwan (Chinese) | 1.7 | 1.2 | -29.4% | ||
| United Arab Emirates | 6.7 | 0.1 | -98.5% | ||
| Others | 1.5 | -2.8 | -286.7% | ||
| Total | 63.7 | 61.1 | -4.1% | ||
Top Suppliers of Bearing to Pakistan in 2022:
- China (25.8 tons)
- Japan (4.0 tons)
- Germany (3.4 tons)
- Thailand (1.9 tons)
- Romania (1.1 tons)
- United States (0.9 tons)
- Taiwan (Chinese) (0.7 tons)
- United Arab Emirates (0.1 tons)
Bearing Exports in Pakistan
Bearing exports from Pakistan contracted remarkably to 6.4 tons in 2022, declining by -21.1% compared with the previous year's figure. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 with an increase of 291% against the previous year. As a result, the exports reached the peak of 8.1 tons, and then fell sharply in the following year.
In value terms, bearing exports declined notably to $112K in 2022. Over the period under review, exports recorded a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 164%.
| Export of Bearing in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| United States | 445 | 92.7 | -79.2% | ||
| United Arab Emirates | 16.9 | 61.7 | 265.1% | ||
| Tanzania | 41.2 | 47.7 | 15.8% | ||
| Saudi Arabia | 47.0 | 10.4 | -77.9% | ||
| Democratic Republic of the Congo | N/A | 8.5 | 0% | ||
| Djibouti | 22.3 | 1.4 | -93.7% | ||
| Germany | 162 | N/A | 0% | ||
| Others | -276.7 | -131.7 | -52.4% | ||
| Total | 457 | 90.8 | -80.1% | ||
Top Export Markets for Bearing from Pakistan in 2022:
- United States (166.0 kg)
- Djibouti (130.0 kg)
- United Arab Emirates (81.0 kg)
- Tanzania (62.0 kg)
- Democratic Republic of the Congo (20.0 kg)
- Saudi Arabia (14.0 kg)
This report provides an in-depth analysis of the bearing market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151030 - Ball bearings
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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