Algeria: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Algeria

The Algerian tapered roller bearing market reached $X in 2022, picking up by 8.7% 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). In general, the total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.3% against 2020 indices. Algeria consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Tapered Roller Bearing Exports

Exports from Algeria

In 2022, shipments abroad of tapered roller bearings decreased by -24.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 20,365% against the previous year. The Algeria exports peaked at X tons in 2021, and then shrank notably in the following year.

In value terms, tapered roller bearing exports contracted dramatically to $X in 2022. In general, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 28,605%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

In 2022, China (X tons) represented the key exporter of tapered roller bearings, creating 29% of total exports. Japan (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Germany (9.9%), Romania (5.3%), France (5.2%) and Austria (4.8%). The following exporters - South Korea (X tons), India (X tons), Poland (X tons), Hungary (X tons), the United States (X tons), Italy (X tons) and Thailand (X tons) - together made up 21% of total exports.

From 2012 to 2022, average annual rates of growth with regard to tapered roller bearing exports from China stood at +16.4%. At the same time, Thailand (+27.1%), India (+15.2%), Romania (+8.6%), South Korea (+8.6%), Hungary (+4.5%), Poland (+3.0%), Germany (+2.4%) and Italy (+1.6%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.1% from 2012-2022. Japan and France experienced a relatively flat trend pattern. By contrast, Austria (-3.7%) and the United States (-9.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India, Romania, South Korea and Thailand increased by +20, +2.9, +2.2, +1.8 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 39% share of total exports. Japan, France, Romania, India, Austria, South Korea, Hungary, Poland, Italy and Thailand lagged somewhat behind, together comprising a further 47%.

Among the main exporting countries, India, with a CAGR of +12.2%, recorded 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

The export price in Algeria stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 63% against the previous year. The Algeria export price peaked at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the other leaders experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Algeria

Tapered roller bearing imports into Algeria expanded sharply to X tons in 2022, surging by 6.7% on 2021. Over the period under review, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 40%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, tapered roller bearing imports expanded sharply to $X in 2022. In general, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) and the United States (X tons) represented the main importers of tapered roller bearingsin the world, together making up 26% of total imports. China (X tons) ranks next in terms of the total imports with a 6.3% share, followed by Brazil (6.3%), France (5.4%) and Mexico (5.1%). The following importers - Italy (X tons), Russia (X tons), Sweden (X tons), Turkey (X tons), Australia (X tons), India (X tons) and Canada (X tons) - together made up 19% of total imports.

From 2012 to 2022, the biggest increases were recorded for Australia (with a CAGR of +9.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined 34% share of total imports. France, Mexico, Brazil, Italy, Australia, India, Canada, Sweden, Turkey and Russia lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, Turkey, with a CAGR of +6.2%, recorded 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

The import price in Algeria stood at $X per ton in 2022, rising by 2% against the previous year. Over the period under review, the import price, however, recorded a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 6.2%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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