Tunisia: Bearing Market 2024

Bearing Market Size in Tunisia

In 2022, the Tunisian bearing market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Bearing Production in Tunisia

In value terms, bearing production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Bearing production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Bearing Exports

Exports from Tunisia

Bearing exports from Tunisia contracted dramatically to X tons in 2022, declining by X% compared with the previous year. Over the period under review, exports saw a noticeable decline. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, bearing exports dropped remarkably to $X in 2022. Overall, exports showed a deep setback. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for bearing exports from Tunisia, accounting for a X% share of total exports. Moreover, bearing exports to Saudi Arabia exceeded the volume sent to the second major destination, Libya (X kg), fourfold. The third position in this ranking was held by Algeria (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (X% per year) and Algeria (X% per year).

In value terms, the largest markets for bearing exported from Tunisia were Libya ($X), Algeria ($X) and Saudi Arabia ($X), together comprising X% of total exports.

Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average bearing export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price saw a perceptible shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Saudi Arabia ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Tunisia

In 2022, purchases abroad of ball or roller bearings increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, bearing imports rose to $X in 2022. Over the period under review, imports, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bearing to Tunisia, accounting for a X% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, China ($X), Germany ($X) and France ($X) appeared to be the largest bearing suppliers to Tunisia, together accounting for X% of total imports. Japan, Italy, Sweden, Spain, the United States, Slovakia, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average bearing import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, recorded a mild setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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