Angola: Bearing Market 2025

Bearing Market Size in Angola

In 2021, the Angolan bearing market increased by 4% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Bearing Production in Angola

In value terms, bearing production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 71%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Bearing Exports

Exports from Angola

In 2021, shipments abroad of ball and roller bearings decreased by -33.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports saw a precipitous setback. The pace of growth was the most pronounced in 2019 with an increase of 151%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, bearing exports reduced to $X in 2021. Over the period under review, exports continue to indicate a dramatic curtailment. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for bearing exports from Angola, with a 13% share of total exports. Moreover, bearing exports to the United States exceeded the volume sent to the second major destination, Belgium (X kg), fourfold. The third position in this ranking was held by Congo (X kg), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+11.4% per year) and Congo (+7.4% per year).

In value terms, the United States ($X) remains the key foreign market for ball and roller bearings exports from Angola, comprising 93% of total exports. The second position in the ranking was held by Belgium ($X), with a 4.1% share of total exports. It was followed by Democratic Republic of the Congo, with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.4% per year) and Democratic Republic of the Congo (+3.9% per year).

Export Prices by Country

In 2021, the average bearing export price amounted to $X per ton, increasing by 34% against the previous year. Over the period under review, the export price, however, faced a deep downturn. The growth pace was the most rapid in 2017 an increase of 61%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Sweden ($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 the United States (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Angola

Bearing imports into Angola surged to X tons in 2021, rising by 92% on 2020 figures. Over the period under review, imports enjoyed a prominent expansion. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, bearing imports shrank to $X in 2021. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when imports increased by 5.3%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bearing to Angola, accounting for a 11% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), fourfold. The United Arab Emirates (X tons) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-9.2% per year) and the United Arab Emirates (-2.7% per year).

In value terms, Portugal ($X) constituted the largest supplier of ball and roller bearings to Angola, comprising 22% of total imports. The second position in the ranking was held by China ($X), with a 10% share of total imports. It was followed by South Africa, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Portugal amounted to -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.1% per year) and South Africa (-10.2% per year).

Import Prices by Country

In 2021, the average bearing import price amounted to $X per ton, which is down by -50.6% against the previous year. Over the period under review, the import price showed a abrupt decline. The growth pace was the most rapid in 2016 an increase of 181% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Africa (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :