Egypt: Ball Bearing Market 2024

Ball Bearing Market Size in Egypt

In 2022, the Egyptian ball bearing market decreased by X% to $X, falling for the third consecutive year after three years of growth. In general, consumption continues to indicate a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ball Bearing Exports

Exports from Egypt

In 2022, approx. X kg of ball bearings were exported from Egypt; which is down by X% compared with the previous year. Over the period under review, exports recorded a deep slump. The smallest decline of X% was in 2021. The Egypt exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ball bearing exports reduced sharply to $X in 2022. Overall, exports saw a abrupt setback. The smallest decline of X% was in 2021. The Egypt exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the main exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by Japan (X tons), Germany (X tons) and Italy (X tons), together mixing up a X% share of total exports. 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) took a little share 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 Egypt were China ($X), Germany ($X) and Japan ($X), together accounting for X% 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%.

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

Export Prices by Country

The export price in Egypt stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price, however, posted a temperate expansion. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced in the following year.

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 Egypt

In 2022, purchases abroad of ball bearings decreased by X% to X tons, falling for the third year in a row after three years of growth. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Egypt imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, ball bearing imports shrank markedly to $X in 2022. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons), the United States (X tons) and China (X tons) represented the key importer of ball bearings in the world, creating X% of total import. 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 most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing importing markets into Egypt were Germany ($X), China ($X) and the United States ($X), together accounting for X% 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%.

Russia, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Egypt amounted to $X per ton, jumping by X% against the previous year. Overall, the import price showed a prominent expansion. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. Egypt import price peaked in 2022 and is likely to continue growth in the near future.

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 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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