Algeria: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Algeria

The Algerian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings skyrocketed to $X in 2021, rising by 47% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Bearing housing without ball bearing consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Algeria

In 2021, overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -47.7% to X kg, falling for the third consecutive year after two years of growth. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 577% against the previous year. The exports peaked at X kg in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports dropped dramatically to $X in 2021. In general, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2013 when exports increased by 1,061% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X kg), Germany (X kg) and the Dominican Republic (X kg) were the main destinations of bearing housing without ball bearing exports from Algeria, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +47.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Spain ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Algeria, comprising 86% of total exports. The second position in the ranking was taken by Germany ($X), with a 9.8% share of total exports. It was followed by the United States, with a 1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +28.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.4% per year) and the United States (+13.2% per year).

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, declining by -27.3% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 74% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then reduced rapidly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+34.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Algeria

In 2021, supplies from abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 48%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and China (X tons) were the main suppliers of bearing housing without ball bearing imports to Algeria, together accounting for 36% of total imports. These countries were followed by South Korea, the United States, Belgium, Greece, Slovakia, Turkey, Japan, India and Poland, which together accounted for a further 33%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +96.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing without ball bearing suppliers to Algeria were Germany ($X), the United States ($X) and France ($X), with a combined 44% share of total imports. These countries were followed by China, Belgium, South Korea, Slovakia, Turkey, Japan, Greece, India and Poland, which together accounted for a further 16%.

In terms of the main suppliers, Greece, with a CAGR of +75.6%, saw 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 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, with a decrease of -12.8% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bearing housing without ball bearing import price increased by +34.3% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 29% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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