Egypt: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Egypt

The Egyptian tapered roller bearing market dropped slightly to $X in 2021, which is down by -4.8% 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). Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.3% against 2019 indices. As a result, consumption reached the peak level of $X, and then dropped slightly in the following year.

Tapered Roller Bearing Exports

Exports from Egypt

In 2021, overseas shipments of tapered roller bearings decreased by -63.9% to X kg, falling for the second year in a row after two years of growth. In general, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 158% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tapered roller bearing exports fell dramatically to $X in 2021. Overall, exports showed a dramatic decrease. The pace of growth was the most pronounced in 2018 when exports increased by 150%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for tapered roller bearing exports from Egypt, with a 62% share of total exports. Moreover, tapered roller bearing exports to the Czech Republic exceeded the volume sent to the second major destination, Morocco (X kg), threefold. Ghana (X kg) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic stood at +45.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+27.7% per year) and Ghana (-15.1% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for tapered roller bearings exports from Egypt, comprising 56% of total exports. The second position in the ranking was taken by Ghana ($X), with a 17% share of total exports. It was followed by Russia, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic stood at +24.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (-20.7% per year) and Russia (-12.5% per year).

Export Prices by Country

The average tapered roller bearing export price stood at $X per ton in 2021, picking up by 32% against the previous year. Overall, the export price continues to indicate mild growth. The growth pace was the most rapid in 2016 an increase of 104% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Morocco ($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 South Africa (+47.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Egypt

In 2021, approx. X tons of tapered roller bearings were imported into Egypt; shrinking by -3.7% on 2020 figures. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 47%. As a result, imports reached the peak of X tons, and then dropped slightly in the following year.

In value terms, tapered roller bearing imports declined to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +42.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 52%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

China (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of tapered roller bearing imports to Egypt, with a combined 64% share of total imports. South Africa, Singapore, the United States, Sweden, Turkey, India, Romania and France lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +136.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing suppliers to Egypt were China ($X), Japan ($X) and Germany ($X), together accounting for 63% of total imports. These countries were followed by South Africa, Singapore, the United States, Sweden, India, Romania, France and Turkey, which together accounted for a further 28%.

Turkey, with a CAGR of +70.0%, 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

In 2021, the average tapered roller bearing import price amounted to $X per ton, which is down by -2.9% against the previous year. In general, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2019 an increase of 12%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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