Kenya: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Kenya

In 2022, the Kenyan spherical roller bearing market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, enjoyed notable growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Kenya

In 2022, the amount of spherical roller bearings exported from Kenya fell notably to X kg, which is down by X% on 2021 figures. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, spherical roller bearing exports reduced remarkably to $X in 2022. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons) represented the largest exporter of spherical roller bearings, constituting X% of total exports. It was distantly followed by Germany (X tons), Sweden (X tons), Japan (X tons), Romania (X tons) and Belgium (X tons), together creating a X% share of total exports. Malaysia (X tons), France (X tons), the UK (X tons), Singapore (X tons), Italy (X tons), the United States (X tons) and Belarus (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2015 to 2022. At the same time, Belgium (X%), Malaysia (X%), Romania (X%), France (X%) and Italy (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2015-2022. Germany experienced a relatively flat trend pattern. By contrast, Japan (X%), Sweden (X%), Belarus (X%), the UK (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Belgium (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the global exports from 2015-2022, the share of Germany (X p.p.), the United States (X p.p.), Singapore (X p.p.), Japan (X p.p.) and Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Germany ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Japan, Belgium, the United States, Romania, Malaysia, the UK, France, Singapore, Italy and Belarus lagged somewhat behind, together comprising a further X%.

Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 Kenya amounted to $X per ton, shrinking by X% against the previous year. In general, the export price, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The Kenya export price peaked at $X per ton in 2021, and then dropped 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 2015 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.

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Spherical Roller Bearing Imports

Imports into Kenya

In 2022, purchases abroad of spherical roller bearings decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep slump. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, spherical roller bearing imports declined sharply to $X in 2022. Over the period under review, imports, however, saw a notable increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), China (X tons), the United States (X tons), Germany (X tons), India (X tons), Russia (X tons), France (X tons), Brazil (X tons), Denmark (X tons), South Korea (X tons), Thailand (X tons) and Turkey (X tons) represented roughly X% of total imports in 2022. Italy (X tons) took a relatively small share of total imports.

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

In value terms, the largest spherical roller bearing importing markets into Kenya were China ($X), the United States ($X) and Belgium ($X), together comprising X% of total imports. India, Germany, France, Brazil, Italy, South Korea, Russia, Turkey, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

Among the main importing countries, India, with a CAGR of X%, recorded 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

The import price in Kenya stood at $X per ton in 2022, jumping by X% against the previous year. Over the period under review, the import price showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Thailand ($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 a decline in the import price figures.

Source: IndexBox Platform

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