Kenya: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Kenya

The Kenyan tapered roller bearing market declined markedly 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 showed a slight reduction. Over the period under review, the market hit record highs at $X in 2021, and then contracted remarkably in the following year.

Tapered Roller Bearing Exports

Exports from Kenya

In 2022, approx. X kg of tapered roller bearings were exported from Kenya; declining by X% against the year before. Over the period under review, exports recorded a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The Kenya exports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, tapered roller bearing exports dropped remarkably to $X in 2022. Overall, exports showed a precipitous contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then fell remarkably in the following year.

Exports by Country

In 2022, China (X tons) was the key exporter of tapered roller bearings, achieving X% of total exports. Japan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), Romania (X%), France (X%) and Austria (X%). South Korea (X tons), India (X tons), Poland (X tons), the United States (X tons), the Netherlands (X tons), Singapore (X tons) and Italy (X tons) took a little share of total exports.

China was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Romania (X%), South Korea (X%), Singapore (X%), the Netherlands (X%), Poland (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Japan and France experienced a relatively flat trend pattern. By contrast, Austria (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India, Romania and South Korea increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tapered roller bearing supplying countries from Kenya were Germany ($X), China ($X) and the United States ($X), together accounting for X% of total exports. Japan, France, Romania, India, Austria, South Korea, Poland, Singapore, the Netherlands and Italy lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, saw the highest growth rate of 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 Kenya stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price showed a abrupt contraction. The growth pace was the most rapid in 2017 when the export price increased by X%. The Kenya export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 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.

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Tapered Roller Bearing Imports

Imports into Kenya

In 2022, the amount of tapered roller bearings imported into Kenya contracted sharply to X tons, shrinking by X% against 2021. Overall, imports saw a perceptible descent. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, tapered roller bearing imports fell sharply to $X in 2022. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Kenya imports peaked at $X in 2021, and then fell rapidly in the following year.

Imports by Country

Germany (X tons) and the United States (X tons) represented roughly X% of total imports in 2022. It was distantly followed by China (X tons), Brazil (X tons), France (X tons) and Mexico (X tons), together creating a X% share of total imports. Italy (X tons), Sweden (X tons), Turkey (X tons), Australia (X tons), India (X tons), Russia (X tons) and the Netherlands (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 main importing countries, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing importing markets into Kenya were Germany ($X), the United States ($X) and China ($X), with a combined X% share of total imports. France, Mexico, Brazil, Italy, Australia, India, Sweden, Russia, Turkey and the Netherlands lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

The import price in Kenya stood at $X per ton in 2022, rising by X% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price 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, tapered roller bearing import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Kenya import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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