South Africa: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in South Africa

In 2022, the South African needle roller bearing market was finally on the rise to reach $X after three years of decline. In general, consumption, however, recorded a slight downturn. South Africa consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Needle Roller Bearing Exports

Exports from South Africa

In 2022, the amount of needle roller bearings exported from South Africa dropped slightly to X tons, leveling off at 2021. In general, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The South Africa exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, needle roller bearing exports declined slightly to $X in 2022. Overall, total exports indicated mild growth from 2012 to 2022: its value 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X%. The South Africa exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), Germany (X tons), Slovakia (X tons) and France (X tons) were the largest exporters of needle roller bearings, together mixing up X% of total exports. South Korea (X tons), the United States (X tons), Mexico (X tons), the Czech Republic (X tons), Romania (X tons) and the Netherlands (X tons) held a minor share of total exports.

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

In value terms, Germany ($X), Japan ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Slovakia, the United States, France, South Korea, the Netherlands, the Czech Republic, Mexico and Romania lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to 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 South Africa stood at $X per ton in 2022, almost unchanged from the previous year. In general, the export price saw a abrupt contraction. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Romania ($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.

Needle Roller Bearing Imports

Imports into South Africa

In 2022, the amount of needle roller bearings imported into South Africa surged to X tons, rising by X% on the year before. In general, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2015 when imports increased by X%. 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, needle roller bearing imports skyrocketed to $X in 2022. Overall, imports, however, saw a mild slump. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons), distantly followed by the United States (X tons) and Mexico (X tons) were the key importers of needle roller bearings, together comprising X% of total imports. China (X tons), South Korea (X tons), Nigeria (X tons), Thailand (X tons), Brazil (X tons), France (X tons), Indonesia (X tons), Japan (X tons), Italy (X tons) and Spain (X tons) took a little share of total imports.

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

In value terms, the largest needle roller bearing importing markets into South Africa were Germany ($X), the United States ($X) and Mexico ($X), together accounting for X% of total imports. China, South Korea, Japan, Italy, Thailand, Brazil, France, Indonesia, Spain and Nigeria lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Nigeria, with a CAGR of X%, recorded 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

In 2022, the import price in South Africa amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. South Africa import price peaked at $X per ton in 2014; however, from 2015 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 ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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