Egypt: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Egypt

The Egyptian needle roller bearing market skyrocketed to $X in 2021, growing by 161% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Needle Roller Bearing Exports

Exports from Egypt

In 2021, needle roller bearing exports from Egypt skyrocketed to X kg, rising by 125% on the previous year's figure. Over the period under review, exports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of 558% against the previous year. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, needle roller bearing exports surged to $X in 2021. In general, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 477%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

The United States (X kg) was the main destination for needle roller bearing exports from Egypt, accounting for a 68% share of total exports. Moreover, needle roller bearing exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X kg), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+33.0% per year) and Saudi Arabia (0.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for needle roller bearing exports from Egypt, comprising 70% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+48.8% per year) and Saudi Arabia (0.0% per year).

Export Prices by Country

In 2021, the average needle roller bearing export price amounted to $X per ton, rising by 136% against the previous year. Over the period under review, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 155%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to the Netherlands ($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 Morocco (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Needle Roller Bearing Imports

Imports into Egypt

In 2021, approx. X tons of needle roller bearings were imported into Egypt; growing by 170% compared with 2020 figures. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2015 with an increase of 189% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, needle roller bearing imports soared to $X in 2021. Over the period under review, imports showed a resilient expansion. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of needle roller bearing imports to Egypt, with a combined 53% share of total imports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +55.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest needle roller bearing suppliers to Egypt were Germany ($X), the United States ($X) and Italy ($X), together comprising 51% of total imports. These countries were followed by Russia, Sweden, Taiwan (Chinese), the UK, Singapore, Japan, China, Turkey, Belarus and India, which together accounted for a further 25%.

Russia, with a CAGR of +58.7%, saw the highest rates of growth with regard to the value of imports, among 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 needle roller bearing import price stood at $X per ton in 2021, with a decrease of -4.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 27%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+20.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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