Cote d'Ivoire: Ball Bearing Market 2024

Ball Bearing Market Size in Cote d'Ivoire

The Cote d'Ivoire's ball bearing market dropped remarkably to $X in 2022, 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). In general, consumption, however, recorded strong growth. As a result, consumption reached the peak level of $X, and then reduced sharply in the following year.

Ball Bearing Exports

Exports from Cote d'Ivoire

In 2022, overseas shipments of ball bearings decreased by X% to X kg, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The Cote d'Ivoire exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, ball bearing exports fell markedly to $X in 2022. Overall, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) was the major exporter of ball bearings, making up X% of total exports. Japan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%) and Italy (X%). The following exporters - South Korea (X tons), France (X tons), the Netherlands (X tons), Poland (X tons), Thailand (X tons), Singapore (X tons), the United States (X tons) and Slovakia (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the ball bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), the Netherlands (X%), Poland (X%), South Korea (X%) and Italy (X%) displayed positive paces of growth. Japan and Germany experienced a relatively flat trend pattern. By contrast, France (X%), Slovakia (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Slovakia (X p.p.), Italy (X p.p.), France (X p.p.), Germany (X p.p.), Singapore (X p.p.), the United States (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ball bearing supplying countries from Cote d'Ivoire were China ($X), Germany ($X) and Japan ($X), with a combined X% share of total exports. Italy, the United States, France, the Netherlands, Thailand, South Korea, Singapore, Poland and Slovakia lagged somewhat behind, together accounting for a further X%.

Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Cote d'Ivoire amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price enjoyed a temperate increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Ball Bearing Imports

Imports into Cote d'Ivoire

In 2022, ball bearing imports into Cote d'Ivoire reduced sharply to X tons, waning by X% on the year before. Over the period under review, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, ball bearing imports fell markedly to $X in 2022. In general, imports, however, enjoyed notable growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted markedly in the following year.

Imports by Country

Germany (X tons), the United States (X tons) and China (X tons) represented roughly X% of total imports in 2022. Italy (X tons), Mexico (X tons), the Netherlands (X tons), Brazil (X tons), France (X tons), Indonesia (X tons), Russia (X tons), Belgium (X tons), South Korea (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and the United States ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Italy, Mexico, the Netherlands, India, France, South Korea, Brazil, Russia, Belgium and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Russia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Cote d'Ivoire amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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