South Africa: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in South Africa

In 2022, the South African ball bearing parts market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a abrupt curtailment. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Ball Bearing Parts Exports

Exports from South Africa

In 2022, approx. X tons of parts of ball or roller bearings were exported from South Africa; shrinking by X% on 2021. Overall, exports saw a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, ball bearing parts exports surged to $X in 2022. Over the period under review, exports continue to indicate a mild reduction. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Namibia (X tons) and Zambia (X tons) were the main destinations of ball bearing parts exports from South Africa, with a combined X% share of total exports. Botswana, Mozambique, Zimbabwe, Sierra Leone, Democratic Republic of the Congo, Kuwait, Swaziland, Lesotho, Malawi and Egypt lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sierra Leone (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X), Mozambique ($X) and Namibia ($X) constituted the largest markets for ball bearing parts exported from South Africa worldwide, together comprising X% of total exports. Democratic Republic of the Congo, Sierra Leone, the United States, Zimbabwe, Botswana, Malawi, Lesotho, Swaziland, Egypt and Kuwait lagged somewhat behind, together comprising a further X%.

Sierra Leone, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ball bearing parts export price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The export price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into South Africa

In 2022, ball bearing parts imports into South Africa contracted to X tons, dropping by X% compared with 2021. Overall, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ball bearing parts imports skyrocketed to $X in 2022. In general, imports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

India (X tons), China (X tons) and the United States (X tons) were the main suppliers of ball bearing parts imports to South Africa, together comprising X% of total imports. Sweden, Poland, Taiwan (Chinese), Brazil, Germany and Japan lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), India ($X) and China ($X) were the largest ball bearing parts suppliers to South Africa, with a combined X% share of total imports. Sweden, Germany, Brazil, Japan, Taiwan (Chinese) and Poland lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Brazil, 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 average ball bearing parts import price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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