South Africa: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in South Africa

In 2022, the South African tapered roller bearing market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Tapered Roller Bearing Production in South Africa

In value terms, tapered roller bearing production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Tapered Roller Bearing Exports

Exports from South Africa

In 2022, tapered roller bearing exports from South Africa totaled X tons, increasing by X% against the year before. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, tapered roller bearing exports expanded notably to $X in 2022. Overall, exports, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The South Africa exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) was the key exporter of tapered roller bearings, constituting X% of total exports. Japan (X tons) took the second position in the ranking, followed by Germany (X tons), Romania (X tons), France (X tons) and Austria (X tons). All these countries together took approx. X% share of total exports. 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 minor 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. China (X p.p.), India (X p.p.), Romania (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the global exports, while France, Austria, Japan and the United States saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) were the countries with the highest levels of exports in 2022, together comprising 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%.

Among the main exporting countries, India, with a CAGR of X%, recorded 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 South Africa stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 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 ($X per ton), while China ($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.

Tapered Roller Bearing Imports

Imports into South Africa

In 2022, purchases abroad of tapered roller bearings increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated pronounced 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. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. South Africa imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, tapered roller bearing imports amounted to $X in 2022. Overall, imports, however, recorded a mild shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. South Africa imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) and the United States (X tons) were the main importers of tapered roller bearingsaround the world, together constituting X% of total imports. China (X tons) held the next position in the ranking, followed by Brazil (X tons), France (X tons) and Mexico (X tons). All these countries together held near 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) held a little share of total imports.

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 South Africa were Germany ($X), the United States ($X) and China ($X), together accounting for X% of total imports. France, Mexico, Brazil, Italy, Australia, India, Sweden, Russia, Turkey and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Russia, 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

The import price in South Africa stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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