Angola - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBearing Price in Angola - 2022
Contents:
- Bearing Price in Angola (CIF) - 2022
- Bearing Price in Angola (FOB) - 2022
- Bearing Imports in Angola
- Bearing Exports in Angola
Bearing Price in Angola (CIF) - 2022
The average bearing import price stood at $9,195 per ton in 2022, which is down by -9.3% against the previous year. In general, the import price showed a perceptible decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 21% against the previous year. Over the period under review, average import prices hit record highs at $14,518 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($19,798 per ton), while the price for Nigeria ($1,569 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.5%), while the prices for the other major suppliers experienced a decline.
Bearing Price in Angola (FOB) - 2022
In 2022, the average bearing export price amounted to $22,414 per ton, picking up by 74% against the previous year. Over the period under review, the export price showed a remarkable increase. Over the period under review, the average export prices reached the maximum at $24,947 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($71,603 per ton), while the average price for exports to Belgium ($1,980 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+132.9%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Angola
In 2022, the amount of ball or roller bearings imported into Angola rose rapidly to 976 tons, picking up by 9.5% against 2021. Over the period under review, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 17%.
In value terms, bearing imports declined modestly to $9M in 2022. Overall, imports, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 1.4% against the previous year.
| Import of Bearing in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 3,007 | 2,036 | 2,395 | 1,847 | -15.0% |
| China | 2,020 | 2,115 | 1,221 | 1,577 | -7.9% |
| United States | 1,621 | 877 | 696 | 678 | -25.2% |
| South Africa | 873 | 458 | 675 | 545 | -14.5% |
| United Arab Emirates | 568 | 406 | 526 | 508 | -3.7% |
| Japan | 106 | 129 | 406 | 498 | 67.5% |
| France | 274 | 217 | 273 | 437 | 16.8% |
| Nigeria | 32.2 | 60.4 | 46.6 | 48.8 | 14.9% |
| Others | 2,857 | 2,619 | 2,802 | 2,839 | -0.2% |
| Total | 11,358 | 8,918 | 9,039 | 8,978 | -7.5% |
Top Suppliers of Bearing to Angola in 2022:
- China (441.7 tons)
- United Arab Emirates (142.3 tons)
- Portugal (118.9 tons)
- United States (34.2 tons)
- France (33.3 tons)
- South Africa (32.0 tons)
- Nigeria (31.1 tons)
- Japan (25.3 tons)
Bearing Exports in Angola
In 2022, the amount of ball or roller bearings exported from Angola contracted significantly to 3.2 tons, reducing by -28.8% on the year before. In general, exports faced a deep slump. The smallest decline of -0.6% was in 2021.
In value terms, bearing exports skyrocketed to $72K in 2022. Over the period under review, exports faced a deep slump.
| Export of Bearing in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.9 | 35.3 | 23.5 | 29.8 | 23.3% |
| South Africa | 4.9 | 2.0 | 2.1 | 13.5 | 40.2% |
| United Arab Emirates | 4.3 | 9.4 | 7.3 | 9.4 | 29.8% |
| Congo | 2.2 | 9.4 | 5.2 | 5.1 | 32.3% |
| Netherlands | 4.5 | 4.7 | 3.3 | 4.8 | 2.2% |
| Belgium | 18.1 | 15.8 | 1.7 | 1.8 | -53.7% |
| Namibia | 0.3 | 2.1 | 1.1 | 1.4 | 67.1% |
| Sweden | 1.1 | 1.1 | 1.9 | 1.0 | -3.1% |
| Portugal | 17.6 | N/A | 1.5 | 0.2 | -77.5% |
| China | N/A | N/A | N/A | N/A | 0% |
| Democratic Republic of the Congo | N/A | N/A | 3.5 | N/A | 0% |
| Others | 35.8 | 5.9 | 6.6 | 4.8 | -48.8% |
| Total | 105 | 85.7 | 57.7 | 71.7 | -11.9% |
Top Export Markets for Bearing from Angola in 2022:
- United States (1085.0 kg)
- Belgium (898.0 kg)
- South Africa (376.0 kg)
- Congo (216.0 kg)
- Netherlands (147.0 kg)
- Namibia (138.0 kg)
- United Arab Emirates (131.0 kg)
- Sweden (105.0 kg)
- Portugal (17.0 kg)
This report provides an in-depth analysis of the bearing market in Angola. 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:
- Angola
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Angola
- 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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