South Africa - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in South Africa - 2023
Contents:
- Price Forecast for Ball and Roller Bearings in South Africa till 2025
- Bearing Price in South Africa (CIF) - 2023
- Bearing Price in South Africa (FOB) - 2023
- Bearing Imports in South Africa
- Bearing Exports in South Africa
Price Forecast for Ball and Roller Bearings in South Africa till 2025
Bearing Price in South Africa (CIF) - 2023
In February 2023, the average bearing import price amounted to $27.7 per kg, reducing by -15.8% against the previous month. Overall, import price indicated moderate growth from February 2022 to February 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on February 2023 figures, bearing import price decreased by -15.8% against January 2023 indices. The pace of growth was the most pronounced in December 2022 an increase of 73% against the previous month. The import price peaked at $32.9 per kg in January 2023, and then fell sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($46.8 per kg), while the price for Thailand ($12.4 per kg) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in South Africa (FOB) - 2023
In February 2023, the average bearing export price amounted to $19.7 per kg, flattening at the previous month. Over the period under review, the export price, however, recorded a mild decrease. The most prominent rate of growth was recorded in September 2022 an increase of 10% month-to-month. The export price peaked at $23.9 per kg in November 2022; however, from December 2022 to February 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Zimbabwe ($26.5 per kg), while the average price for exports to Argentina ($14.7 per kg) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (-0.3%), while the prices for the other major destinations experienced a decline.
Bearing Imports in South Africa
In 2022, imports of ball and roller bearings into South Africa fell markedly to 6.2K tons, declining by -40.2% on the year before. Over the period under review, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 when imports increased by 53%. As a result, imports attained the peak of 10K tons, and then dropped remarkably in the following year.
In value terms, bearing imports reduced remarkably to $106M in 2022. In general, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. As a result, imports attained the peak of $191M, and then declined rapidly in the following year.
| Import of Ball and Roller Bearings in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| China | 42.3 | 41.2 | -2.6% | ||
| United States | 35.1 | 21.1 | -39.9% | ||
| Japan | 17.8 | 17.6 | -1.1% | ||
| Germany | 21.9 | 14.7 | -32.9% | ||
| India | 15.6 | 6.9 | -55.8% | ||
| Italy | 6.6 | 5.1 | -22.7% | ||
| Sweden | 5.4 | 4.9 | -9.3% | ||
| Thailand | 6.8 | 4.6 | -32.4% | ||
| France | 4.9 | 3.6 | -26.5% | ||
| United Kingdom | 5.2 | 3.3 | -36.5% | ||
| Hong Kong SAR | 2.8 | 3.1 | 10.7% | ||
| Romania | 3.7 | 3.0 | -18.9% | ||
| Others | -0.2 | 1.2 | -700.0% | ||
| Total | 168 | 130 | -22.6% | ||
Top Suppliers of Ball and Roller Bearings to South Africa in 2022:
- China (19.2 tons)
- United States (9.9 tons)
- Japan (8.2 tons)
- Germany (6.9 tons)
- India (3.2 tons)
- Italy (2.4 tons)
- Sweden (2.3 tons)
- Thailand (2.1 tons)
- France (1.7 tons)
- United Kingdom (1.5 tons)
- Hong Kong SAR (1.5 tons)
- Romania (1.4 tons)
Bearing Exports in South Africa
In 2022, the amount of ball and roller bearings exported from South Africa reduced modestly to 2.1K tons, with a decrease of -1.9% on 2021. The total export volume increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. As a result, the exports attained the peak of 2.2K tons, and then shrank in the following year.
In value terms, bearing exports rose remarkably to $43M in 2022. The total export value increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Ball and Roller Bearings in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Zambia | 5.5 | 5.5 | 0.0% | ||
| Zimbabwe | 4.6 | 4.3 | -6.5% | ||
| Namibia | 4.1 | 4.1 | 0.0% | ||
| Mozambique | 2.9 | 4.1 | 41.4% | ||
| Democratic Republic of the Congo | 3.4 | 2.5 | -26.5% | ||
| Botswana | 2.7 | 2.2 | -18.5% | ||
| Swaziland | 1.8 | 1.7 | -5.6% | ||
| Brazil | 1.4 | 1.4 | 0.0% | ||
| United States | 1.7 | 1.4 | -17.6% | ||
| Malawi | 0.7 | 0.8 | 14.3% | ||
| China | 2.1 | 0.6 | -71.4% | ||
| Tanzania | 0.8 | 0.6 | -25.0% | ||
| Argentina | 0.9 | 0.6 | -33.3% | ||
| Others | 8.4 | 2.2 | -73.8% | ||
| Total | 40.7 | 32.1 | -21.1% | ||
Top Export Markets for Ball and Roller Bearings from South Africa in 2022:
- Zambia (4.6 tons)
- Zimbabwe (3.6 tons)
- Namibia (3.6 tons)
- Mozambique (3.4 tons)
- Democratic Republic of the Congo (2.1 tons)
- Botswana (2.0 tons)
- Swaziland (1.5 tons)
- Brazil (1.2 tons)
- United States (1.2 tons)
- Malawi (0.7 tons)
- China (0.5 tons)
- Tanzania (0.5 tons)
- Argentina (0.5 tons)
This report provides an in-depth analysis of the bearing market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151030 - Ball bearings
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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