Nigeria - Spherical Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingNigeria: Spherical Roller Bearing Market 2024
Spherical Roller Bearing Market Size in Nigeria
In 2022, the Nigerien spherical roller bearing market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. Overall, consumption recorded a dramatic descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Spherical Roller Bearing Exports
Exports from Nigeria
In 2015, exports of spherical roller bearings from Nigeria stood at X kg, remaining relatively unchanged against 2014 figures. Over the period under review, exports recorded a dramatic decrease. The smallest decline of X% was in 2014. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2015, the exports remained at a lower figure.
In value terms, spherical roller bearing exports totaled $X in 2015. In general, exports continue to indicate significant growth. The smallest decline of X% was in 2014. Over the period under review, the exports reached the peak figure in 2015 and are expected to retain growth in years to come.
Exports by Country
The shipments of the four major exporters of spherical roller bearings, namely Sweden, Japan, Germany and China, represented more than half of total export. Romania (X tons) ranks next in terms of the total exports with a X% share, followed by Singapore (X%) and the United States (X%). The UK (X tons), France (X tons), Belarus (X tons), Italy (X tons), the Czech Republic (X tons) and the Netherlands (X tons) took a little share of total exports.
From 2013 to 2015, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.
In value terms, Sweden ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2015, together accounting for X% of total exports.
China, 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 2015, the export price in Nigeria amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price saw a significant increase. The growth pace was the most rapid in 2014 when the export price decreased by X%. Over the period under review, the export prices reached the maximum in 2015 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Belarus ($X per ton) was amongst the lowest.
From 2013 to 2015, 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 export price figures.
Spherical Roller Bearing Imports
Imports into Nigeria
In 2022, supplies from abroad of spherical roller bearings decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports showed a deep reduction. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined markedly in the following year.
In value terms, spherical roller bearing imports dropped rapidly to $X in 2022. Overall, imports recorded a dramatic curtailment. The pace of growth was the most pronounced in 2020 when imports increased by X%. Nigeria imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.
Imports by Country
Belgium (X tons), China (X tons), the United States (X tons), Germany (X tons), India (X tons), Russia (X tons), France (X tons), Brazil (X tons), Denmark (X tons), South Korea (X tons), Thailand (X tons) and Turkey (X tons) represented roughly X% of total imports in 2022. Italy (X tons) took a minor share of total imports.
From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest spherical roller bearing importing markets into Nigeria were China ($X), the United States ($X) and Belgium ($X), with a combined X% share of total imports. India, Germany, France, Brazil, Italy, South Korea, Russia, Turkey, Denmark and Thailand lagged somewhat behind, together accounting for a further X%.
Among the main importing countries, India, with a CAGR of X%, saw the highest growth rate of 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 Nigeria stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($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.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the spherical roller bearing market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151055 - Spherical roller bearings
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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