Africa: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Africa

The African needle roller bearing market contracted modestly to $X in 2022, which is down by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Needle Roller Bearing Production in Africa

In value terms, needle roller bearing production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Needle Roller Bearing Exports

Exports in Africa

Needle roller bearing exports expanded rapidly to X tons in 2022, with an increase of X% on 2021 figures. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, needle roller bearing exports expanded to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. Equatorial Guinea (X tons) ranks second in terms of the total exports with a X% share, followed by Angola (X%). The following exporters - Sierra Leone (X kg), Namibia (X kg) and Mozambique (X kg) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to needle roller bearing exports from South Africa stood at X%. At the same time, Mozambique (X%), Angola (X%) and Sierra Leone (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Equatorial Guinea experienced a relatively flat trend pattern. By contrast, Namibia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Equatorial Guinea, Angola and Mozambique increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) remains the largest needle roller bearing supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Sierra Leone ($X), with a X% share of total exports. It was followed by Equatorial Guinea, with a X% share.

In South Africa, needle roller bearing exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Equatorial Guinea (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a deep setback. The pace of growth appeared the most rapid in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 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 Namibia ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced a decline in the export price figures.

Needle Roller Bearing Imports

Imports in Africa

For the fourth year in a row, Africa recorded growth in purchases abroad of needle roller bearings, which increased by X% to X tons in 2022. Over the period under review, imports saw a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, needle roller bearing imports fell to $X in 2022. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Nigeria dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. It was distantly followed by South Africa (X tons), committing a X% share of total imports. The following importers - Ethiopia (X tons), Tanzania (X tons) and Algeria (X tons) - each amounted to a X% share of total imports.

Nigeria was also the fastest-growing in terms of the needle roller bearings imports, with a CAGR of X% from 2012 to 2022. At the same time, Ethiopia (X%), Tanzania (X%) and Algeria (X%) displayed positive paces of growth. By contrast, South Africa (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) significantly strengthened its position in terms of the total imports, while Tanzania, Algeria and South Africa saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) constitutes the largest market for imported needle roller bearings in Africa, comprising X% of total imports. The second position in the ranking was taken by South Africa ($X), with a X% share of total imports. It was followed by Algeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria amounted to X%. In the other countries, the average annual rates were as follows: South Africa (X% per year) and Algeria (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price showed a abrupt downturn. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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