SADC: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in SADC

In 2022, the SADC needle roller bearing market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a mild decline. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Needle Roller Bearing Production in SADC

In value terms, needle roller bearing production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable decline. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Needle Roller Bearing Exports

Exports in SADC

In 2022, the amount of needle roller bearings exported in SADC rose sharply to X tons, with an increase of X% against the previous year. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, needle roller bearing exports expanded slightly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

South Africa prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Angola (X kg), achieving a X% share of total exports. The following exporters - Namibia (X kg) and Mozambique (X kg) - together made up X% of total exports.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Mozambique (X%) and Angola (X%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. By contrast, Namibia (X%) illustrated a downward trend over the same period. South Africa (X p.p.), Angola (X p.p.) and Mozambique (X p.p.) significantly strengthened its position in terms of the total exports, while Namibia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, South Africa ($X) remains the largest needle roller bearing supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by Angola, with a X% share.

In South Africa, needle roller bearing exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Namibia (X% per year) and Angola (X% per year).

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a abrupt downturn. The growth pace was the most rapid in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced a decline in the export price figures.

Needle Roller Bearing Imports

Imports in SADC

In 2022, after three years of decline, there was significant growth in purchases abroad of needle roller bearings, when their volume increased by X% to X tons. Total imports indicated slight growth from 2012 to 2022: its volume 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. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, needle roller bearing imports expanded markedly to $X in 2022. Overall, imports, however, recorded a mild descent. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

South Africa represented the major importer of needle roller bearings in SADC, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Tanzania (X tons) and Angola (X tons), together constituting a X% share of total imports. Zambia (X tons), Zimbabwe (X tons), Mozambique (X tons) and Democratic Republic of the Congo (X tons) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of X% from 2012 to 2022. At the same time, Democratic Republic of the Congo (X%), Zimbabwe (X%), Mozambique (X%), Tanzania (X%), Zambia (X%) and Angola (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Tanzania, Democratic Republic of the Congo, Zimbabwe and Zambia 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, South Africa ($X) constitutes the largest market for imported needle roller bearings in SADC, comprising X% of total imports. The second position in the ranking was held by Tanzania ($X), with a X% share of total imports. It was followed by Zambia, with a X% share.

In South Africa, needle roller bearing imports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Tanzania (X% per year) and Zambia (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, reducing by X% against the previous year. Overall, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per ton), while Angola ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic Republic of the Congo (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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