Egypt: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

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

In 2021, the Egyptian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -58.2% to $X, falling for the second consecutive year after four years of growth. Overall, consumption recorded a abrupt downturn. Bearing housing without ball bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

Exports from Egypt

In 2021, exports of bearing housings not incorporating ball or roller bearings, plain shaft bearings from Egypt declined markedly to X kg, reducing by -93.4% on the previous year's figure. In general, exports recorded a sharp decrease. The pace of growth appeared the most rapid in 2019 when exports increased by 1,925%. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing exports dropped rapidly to $X in 2021. Overall, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 758%. As a result, the exports reached the peak of $X, and then declined dramatically in the following year.

Exports by Country

Libya (X kg) was the main destination for bearing housing without ball bearing exports from Egypt, with a 60% share of total exports. Moreover, bearing housing without ball bearing exports to Libya exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), twofold. The Netherlands (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Libya stood at -32.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+10.9% per year) and the Netherlands (0.0% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Egypt, comprising 54% of total exports. The second position in the ranking was taken by Libya ($X), with a 22% share of total exports. It was followed by New Zealand, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (-22.6% per year) and New Zealand (0.0% per year).

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, growing by 247% against the previous year. Overall, the export price posted a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 3,662%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while the average price for exports to the United Arab Emirates ($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 Oman (+94.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Egypt

In 2021, purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -56.9% to X tons, falling for the third consecutive year after three years of growth. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by 52% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bearing housing without ball bearing imports dropped markedly to $X in 2021. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 33% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), the United Arab Emirates (X tons) and South Korea (X tons) were the main suppliers of bearing housing without ball bearing imports to Egypt, with a combined 62% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of bearing housings not incorporating ball or roller bearings, plain shaft bearings to Egypt, comprising 26% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.2% share of total imports. It was followed by China, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+16.3% per year) and China (+4.2% per year).

Import Prices by Country

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, declining by -4.4% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bearing housing without ball bearing import price increased by +99.3% against 2018 indices. The pace of growth was the most pronounced in 2019 an increase of 60%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then contracted in the following year.

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 Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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