Egypt: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Egypt

The Egyptian ball bearing parts market soared to $X in 2021, growing by 17% 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, however, faced a deep setback. Ball bearing parts consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ball Bearing Parts Exports

Exports from Egypt

In 2021, overseas shipments of parts of ball or roller bearings decreased by -29.6% to X kg, falling for the third year in a row after two years of growth. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 1,308% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, ball bearing parts exports surged to $X in 2021. Overall, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 1,668%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X kg), Malawi (X kg) and Italy (X kg) were the main destinations of ball bearing parts exports from Egypt, with a combined 77% share of total exports. Saudi Arabia and Tanzania lagged somewhat behind, together comprising a further 8.7%.

From 2012 to 2021, the biggest increases were recorded for Tanzania (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X) emerged as the key foreign market for parts of ball or roller bearings exports from Egypt, comprising 45% of total exports. The second position in the ranking was held by Nigeria ($X), with a 5.1% share of total exports. It was followed by Saudi Arabia, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to Italy amounted to -31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-74.8% per year) and Saudi Arabia (-48.9% per year).

Export Prices by Country

In 2021, the average ball bearing parts export price amounted to $X per ton, growing by 228% against the previous year. Overall, the export price saw a significant increase. The pace of growth was the most pronounced in 2016 an increase of 438% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Malawi ($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 Italy (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Egypt

In 2021, imports of parts of ball or roller bearings into Egypt skyrocketed to X tons, increasing by 19% on 2020 figures. Over the period under review, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2017 with an increase of 113% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, ball bearing parts imports expanded sharply to $X in 2021. Overall, imports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2014 when imports increased by 115% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X tons), the United States (X tons) and Germany (X tons) were the main suppliers of ball bearing parts imports to Egypt, together comprising 68% of total imports. Italy, China, Switzerland, Belgium, Japan, India and France lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +30.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing parts suppliers to Egypt were the United States ($X), Germany ($X) and the United Arab Emirates ($X), with a combined 63% share of total imports. Italy, China, Switzerland, Belgium, Japan, India and France lagged somewhat behind, together accounting for a further 17%.

Switzerland, with a CAGR of +29.2%, 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 more modest paces of growth.

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2021, reducing by -3.5% against the previous year. Over the period under review, the import price showed a slight curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 45% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+12.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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