Algeria: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Algeria

In 2022, the Algerian cylindrical roller bearing market increased by 12% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption showed a tangible expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports from Algeria

In 2018, the amount of cylindrical roller bearings exported from Algeria skyrocketed to X kg, picking up by 148% against the previous year's figure. In general, exports, however, continue to indicate a significant decrease. The Algeria exports peaked at X kg in 2015; however, from 2016 to 2018, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports soared to $X in 2018. Overall, exports, however, showed a deep setback. The Algeria exports peaked at $X in 2015; however, from 2016 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

In 2018, Germany (X tons), distantly followed by Japan (X tons), the United States (X tons), China (X tons), Slovakia (X tons) and Romania (X tons) represented the major exporters of cylindrical roller bearings, together generating 65% of total exports. The following exporters - France (X tons), Kazakhstan (X tons), Hong Kong SAR (X tons), Canada (X tons), Italy (X tons), Latvia (X tons) and Ukraine (X tons) - together made up 17% of total exports.

From 2015 to 2018, the biggest increases were recorded for Ukraine (with a CAGR of +43.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Algeria, comprising 32% of global exports. The second position in the ranking was taken by Japan ($X), with a 12% share of global exports. It was followed by the United States, with a 7.8% share.

In Germany, cylindrical roller bearing exports expanded at an average annual rate of +6.1% over the period from 2015-2018. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+5.1% per year) and the United States (+3.0% per year).

Export Prices by Country

In 2018, the export price in Algeria amounted to $X per ton, jumping by 82% against the previous year. Over the period under review, the export price recorded a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was attained by Latvia (+12.2%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Algeria

After three years of decline, supplies from abroad of cylindrical roller bearings increased by 10% to X tons in 2022. Over the period under review, imports posted a strong increase. The growth pace was the most rapid in 2018 with an increase of 146% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, cylindrical roller bearing imports totaled $X in 2022. In general, imports recorded a temperate expansion. The pace of growth appeared the most rapid in 2014 with an increase of 88%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons), Russia (X tons) and Germany (X tons) was the major importer of cylindrical roller bearings in the world, generating 42% of total import. It was distantly followed by the United States (X tons), comprising a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022, together comprising 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further 23%.

Spain, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Algeria amounted to $X per ton, with an increase of 3.2% against the previous year. Overall, the import price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2019 an increase of 53% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :