ECOWAS: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2025

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in ECOWAS

The ECOWAS market for bearing housings not incorporating ball or roller bearings, plain shaft bearings expanded notably to $X in 2021, growing by 8.1% against the previous year. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.5% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in ECOWAS

In value terms, bearing housing without ball bearing production totaled $X in 2021 estimated in export price. The total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.7% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 43% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports in ECOWAS

In 2021, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings exported in ECOWAS soared to X tons, increasing by 17% compared with the year before. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of 89% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bearing housing without ball bearing exports declined dramatically to $X in 2021. In general, exports continue to indicate noticeable growth. The growth pace was the most rapid in 2015 with an increase of 141% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X tons) and Niger (X tons) represented roughly 67% of total exports in 2021. Senegal (X tons) held the next position in the ranking, followed by Sierra Leone (X tons) and Togo (X tons). All these countries together took near 21% share of total exports. The following exporters - Liberia (X kg) and Ghana (X kg) - together made up 5.9% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Niger (with a CAGR of +86.2%), while the other leaders experienced more modest paces of growth.

In value terms, Cote d'Ivoire ($X), Sierra Leone ($X) and Niger ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 64% of total exports. These countries were followed by Senegal, Togo, Ghana and Liberia, which together accounted for a further 27%.

Among the main exporting countries, Togo, with a CAGR of +45.9%, saw 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

In 2021, the export price in ECOWAS amounted to $X per ton, declining by -41.4% against the previous year. Over the period under review, the export price showed a abrupt decline. The growth pace was the most rapid in 2016 an increase of 43%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Sierra Leone ($X per ton), while Niger ($X per ton) was amongst the lowest.

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

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports in ECOWAS

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were imported in ECOWAS; surging by 24% compared with 2020 figures. In general, imports posted a prominent expansion. The pace of growth appeared the most rapid in 2013 with an increase of 77%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 29% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Nigeria represented the main importer of bearing housings not incorporating ball or roller bearings, plain shaft bearings in ECOWAS, with the volume of imports reaching X tons, which was approx. 53% of total imports in 2021. It was distantly followed by Ghana (X tons), Liberia (X tons) and Cote d'Ivoire (X tons), together generating a 31% share of total imports. Senegal (X tons), Burkina Faso (X tons) and Mali (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bearing housing without ball bearing imports into Nigeria stood at +6.3%. At the same time, Liberia (+30.7%), Senegal (+17.1%), Ghana (+8.7%), Mali (+6.4%) and Cote d'Ivoire (+1.8%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of +30.7% from 2012-2021. By contrast, Burkina Faso (-1.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Liberia, Senegal and Ghana increased by +9.3, +2.4 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bearing housing without ball bearing importing markets in ECOWAS were Nigeria ($X), Ghana ($X) and Liberia ($X), with a combined 60% share of total imports.

Liberia, with a CAGR of +30.7%, recorded the highest growth rate of 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 2021, the import price in ECOWAS amounted to $X per ton, falling by -6% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 34%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, 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 Burkina Faso ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform