Kenya: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Kenya

The Kenyan cylindrical roller bearing market reduced remarkably to $X in 2022, which is down by -33.2% 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). In general, consumption, however, recorded mild growth. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports from Kenya

After three years of growth, shipments abroad of cylindrical roller bearings decreased by -40.3% to X kg in 2022. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 400%. The Kenya exports peaked at X kg in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing exports dropped rapidly to $X in 2022. In general, exports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2020 with an increase of 889% against the previous year. The Kenya exports peaked at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

The biggest shipments were from Germany (X tons), China (X tons) and Japan (X tons), together amounting to 53% of total export. It was distantly followed by Romania (X tons) and Slovakia (X tons), together constituting a 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Kenya, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in Kenya amounted to $X per ton, jumping by 22% against the previous year. In general, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2016 when the export price increased by 3,190%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Kenya

In 2022, imports of cylindrical roller bearings into Kenya fell dramatically to X tons, dropping by -36.8% on 2021. Over the period under review, imports, however, showed temperate growth. The growth pace was the most rapid in 2019 when imports increased by 302% against the previous year. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing imports declined remarkably to $X in 2022. In general, imports, however, recorded slight growth. The pace of growth appeared the most rapid in 2019 with an increase of 233% against the previous year. Kenya imports peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together resulting at 42% of total import. It was distantly followed by the United States (X tons), creating a 5.7% share of total imports. The following importers - Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further 23%.

Spain, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, among 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 2022, the import price in Kenya amounted to $X per ton, increasing by 7.3% against the previous year. Overall, the import price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2016 an increase of 34% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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