Western Africa: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Western Africa

In 2022, the West African cylindrical roller bearing market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption showed a moderate increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Cylindrical Roller Bearing Production in Western Africa

In value terms, cylindrical roller bearing production stood at $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports in Western Africa

Cylindrical roller bearing exports shrank notably to X tons in 2022, which is down by X% against the previous year's figure. Overall, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then fell markedly in the following year.

In value terms, cylindrical roller bearing exports soared to $X in 2022. In general, exports, however, recorded a tangible increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Burkina Faso represented the major exporter of cylindrical roller bearings in Western Africa, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Ghana (X tons) ranks second in terms of the total exports with a X% share, followed by Sierra Leone (X%) and Cote d'Ivoire (X%).

Burkina Faso was also the fastest-growing in terms of the cylindrical roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, Cote d'Ivoire (X%) and Sierra Leone (X%) displayed positive paces of growth. Ghana experienced a relatively flat trend pattern. From 2012 to 2022, the share of Burkina Faso, Cote d'Ivoire and Sierra Leone increased by X, X and X percentage points, respectively.

In value terms, Ghana ($X), Cote d'Ivoire ($X) and Sierra Leone ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Burkina Faso lagged somewhat behind, comprising a further X%.

Among the main exporting countries, Burkina Faso, with a CAGR of X%, saw 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

In 2022, the export price in Western Africa amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports in Western Africa

In 2022, imports of cylindrical roller bearings in Western Africa surged to X tons, increasing by X% compared with the year before. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, cylindrical roller bearing imports reduced notably to $X in 2022. In general, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Nigeria dominates imports structure, recording X tons, which was near X% of total imports in 2022. It was distantly followed by Ghana (X tons), creating a X% share of total imports. Cote d'Ivoire (X tons) held a little share of total imports.

Nigeria was also the fastest-growing in terms of the cylindrical roller bearings imports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. From 2012 to 2022, the share of Nigeria increased by X percentage points.

In value terms, Nigeria ($X) constitutes the largest market for imported cylindrical roller bearings in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Nigeria amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, dropping by X% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2015; however, from 2016 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 Cote d'Ivoire ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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