Kenya: Tapered Roller Bearing Market 2022

Tapered Roller Bearing Market Size in Kenya

In 2021, the Kenyan tapered roller bearing market increased by X% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption enjoyed tangible growth. Tapered roller bearing consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports from Kenya

In 2021, overseas shipments of tapered roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Tanzania (X tons) was the main destination for tapered roller bearing exports from Kenya, with a X% share of total exports. Moreover, tapered roller bearing exports to Tanzania exceeded the volume sent to the second major destination, Rwanda (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Tanzania stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+X% per year) and Uganda (+X% per year).

In value terms, Tanzania ($X) remains the key foreign market for tapered roller bearing exports from Kenya, comprising X% of total exports. The second position in the ranking was occupied by Rwanda ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Tanzania amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+X% per year) and Uganda (+X% per year).

Export Prices by Country

In 2021, the average tapered roller bearing export price amounted to $X per ton, which is down by -X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Uganda ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Rwanda (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Tapered Roller Bearing Imports

Imports into Kenya

In 2021, supplies from abroad of tapered roller bearings increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, imports saw buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, tapered roller bearing imports surged to $X in 2021. Over the period under review, imports recorded a slight expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), India (X tons) and Japan (X tons) were the main suppliers of tapered roller bearing imports to Kenya, with a combined X% share of total imports. These countries were followed by Germany, the UK and Spain, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), India ($X) and Japan ($X) constituted the largest tapered roller bearing suppliers to Kenya, with a combined X% share of total imports. These countries were followed by Germany, the UK and Spain, which together accounted for a further X the main suppliers, Spain, 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 average tapered roller bearing import price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Spain ($X per ton) and India ($X per ton), while the price for China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform