Cote d'Ivoire: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Cote d'Ivoire

For the fourth consecutive year, the Cote d'Ivoire's market for bearing housings incorporating ball or roller bearings recorded growth in sales value, which increased by 2% to $X in 2022. Over the period under review, consumption saw a prominent increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Cote d'Ivoire

In 2022, the amount of bearing housings incorporating ball or roller bearings exported from Cote d'Ivoire skyrocketed to X kg, increasing by 575% compared with the year before. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2020 when exports increased by 621% against the previous year. Over the period under review, the exports attained the peak figure at X kg in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, bearing housing with ball bearing exports surged to $X in 2022. Over the period under review, exports enjoyed prominent growth. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Burkina Faso (X kg) was the main destination for bearing housing with ball bearing exports from Cote d'Ivoire, with a 96% share of total exports. Moreover, bearing housing with ball bearing exports to Burkina Faso exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Burkina Faso amounted to +38.5%.

In value terms, Burkina Faso ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from Cote d'Ivoire, comprising 99% of total exports. The second position in the ranking was held by France ($X), with a 0.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Burkina Faso stood at +20.7%.

Export Prices by Country

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, surging by 130% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Burkina Faso ($X per ton), while the average price for exports to France amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-8.2%), while the prices for the other major destinations experienced a decline.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Cote d'Ivoire

Bearing housing with ball bearing imports into Cote d'Ivoire skyrocketed to X tons in 2022, with an increase of 21% against the previous year. Over the period under review, imports continue to indicate a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 250% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, bearing housing with ball bearing imports contracted modestly to $X in 2022. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 225%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest bearing housing with ball bearing supplier to Cote d'Ivoire, accounting for a 52% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, South Africa (X tons), sevenfold. The third position in this ranking was held by Vietnam (X tons), with a 5.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +43.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+13.3% per year) and Vietnam (+54.6% per year).

In value terms, the largest bearing housing with ball bearing suppliers to Cote d'Ivoire were France ($X), the United States ($X) and China ($X), with a combined 47% share of total imports. South Africa, Vietnam, Norway, Germany, the United Arab Emirates, Hong Kong SAR, Turkey, Japan, Malaysia and Australia lagged somewhat behind, together comprising a further 40%.

Hong Kong SAR, with a CAGR of +107.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, declining by -20.7% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in 2019 when the average import price increased by 23%. The import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($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 Arab Emirates (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform