Report Update Nov 1, 2024

Angola - Ball Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Angola: Ball Bearing Market 2024

Ball Bearing Market Size in Angola

For the sixth consecutive year, the Angolan ball bearing market recorded decline in sales value, which decreased by -4.4% to $X in 2021. Overall, consumption saw a abrupt setback. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Ball Bearing Exports

Exports from Angola

In 2021, exports of ball bearings from Angola skyrocketed to X kg, with an increase of 337% compared with the previous year's figure. In general, exports, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 2,576%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing exports soared to $X in 2021. Over the period under review, exports, however, faced a abrupt slump. The pace of growth appeared the most rapid in 2015 when exports increased by 2,910% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X kg), Sweden (X kg) and Belgium (X kg) were the main destinations of ball bearing exports from Angola, with a combined 84% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +146.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Congo ($X) and Democratic Republic of the Congo ($X) appeared to be the largest markets for ball bearing exported from Angola worldwide, with a combined 36% share of total exports.

Among the main countries of destination, Democratic Republic of the Congo, with a CAGR of +290.8%, 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 mixed trend patterns.

Export Prices by Country

The average ball bearing export price stood at $X per ton in 2021, with a decrease of -51.4% against the previous year. In general, the export price recorded a pronounced decline. The pace of growth was the most pronounced in 2013 when the average export price increased by 169% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Democratic Republic of the Congo ($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 Democratic Republic of the Congo (+56.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into Angola

In 2021, overseas purchases of ball bearings decreased by -32.4% to X tons, falling for the fifth consecutive year after five years of growth. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 52% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, ball bearing imports skyrocketed to $X in 2021. In general, imports showed a abrupt downturn. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest ball bearing supplier to Angola, accounting for a 59% share of total imports. Moreover, ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X tons), sevenfold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-15.6% per year) and the United Arab Emirates (-7.9% per year).

In value terms, the largest ball bearing suppliers to Angola were China ($X), Portugal ($X) and the United Arab Emirates ($X), together comprising 40% of total imports. The United States, the UK, South Africa, Germany and Pakistan lagged somewhat behind, together accounting for a further 14%.

Pakistan, with a CAGR of +96.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average ball bearing import price amounted to $X per ton, with an increase of 142% against the previous year. Overall, the import price saw a moderate increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Portugal (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ball bearings in the world?

China remains the largest ball bearing consuming country worldwide, comprising approx. 30% of total volume. Moreover, ball bearing consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of ball bearings in the world?

China remains the largest ball bearing producing country worldwide, comprising approx. 36% of total volume. Moreover, ball bearing production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 10% share.

What are the leading suppliers of ball bearings to Angola?

In value terms, the United Arab Emirates constituted the largest supplier of ball bearing to Angola.

What are the leading importers of ball bearings from Angola?

In value terms, the largest markets for ball bearing exported from Angola were Norway, Namibia $937) and Sao Tome and Principe $298), together comprising 66% of total exports.

What is the average export price for ball bearings in Angola?

The average ball bearing export price stood at $9,103 per ton in 2020, shrinking by -46.4% against the previous year.

What is the average import price for ball bearings in Angola?

In 2020, the average ball bearing import price amounted to $5,352 per ton, shrinking by -5.5% against the previous year.

This report provides an in-depth analysis of the ball bearing market in Angola. 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

Country coverage:

Angola

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Angola
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023