Africa: Roller Bearing Market 2024

Roller Bearing Market Size in Africa

The African roller bearing market fell modestly to $X in 2022, approximately mirroring the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Roller Bearing Production in Africa

In value terms, roller bearing production declined to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Roller Bearing Exports

Exports in Africa

In 2022, approx. X tons of roller bearings were exported in Africa; with a decrease of X% compared with the previous year's figure. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, roller bearing exports reached $X in 2022. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, South Africa (X tons) represented the major exporter of roller bearings, constituting X% of total exports. Benin (X tons) took the second position in the ranking, followed by Tanzania (X tons). All these countries together took approx. X% share of total exports. Kenya (X tons) took a relatively small share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Benin (X%), Tanzania (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Benin emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Benin (X p.p.) and Tanzania (X p.p.) significantly strengthened its position in terms of the total exports, while South Africa saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, roller bearing exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Benin (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Benin ($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 export price figures.

Roller Bearing Imports

Imports in Africa

In 2022, approx. X tons of roller bearings were imported in Africa; picking up by X% compared with the previous year's figure. Over the period under review, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, roller bearing imports expanded remarkably to $X in 2022. In general, imports, however, saw a deep reduction. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Nigeria was the major importing country with an import of around X tons, which resulted at X% of total imports. Tanzania (X tons) held the second position in the ranking, followed by Angola (X tons) and Zimbabwe (X tons). All these countries together took near X% share of total imports. Ethiopia (X tons), Democratic Republic of the Congo (X tons), Zambia (X tons), Kenya (X tons), Cote d'Ivoire (X tons), Morocco (X tons), Algeria (X tons), Cameroon (X tons) and Ghana (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to roller bearing imports into Nigeria stood at X%. At the same time, Kenya (X%), Cameroon (X%), Cote d'Ivoire (X%), Morocco (X%), Zimbabwe (X%) and Angola (X%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. Tanzania experienced a relatively flat trend pattern. By contrast, Ethiopia (X%), Zambia (X%), Democratic Republic of the Congo (X%), Algeria (X%) and Ghana (X%) illustrated a downward trend over the same period. While the share of Angola (X p.p.), Tanzania (X p.p.), Democratic Republic of the Congo (X p.p.), Zimbabwe (X p.p.) and Kenya (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) and Nigeria (X 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 importing markets in Africa were Nigeria ($X), Angola ($X) and Tanzania ($X), with a combined X% share of total imports. Algeria, Democratic Republic of the Congo, Zimbabwe, Ethiopia, Zambia, Kenya, Morocco, Cote d'Ivoire, Ghana and Cameroon lagged somewhat behind, together comprising a further X%.

Kenya, with a CAGR of X%, saw 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 mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, growing by X% against the previous year. In general, the import price, however, recorded a noticeable curtailment. The pace of growth was the most pronounced in 2014 an increase of X%. Over the period under review, import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 Algeria ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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