Report Update Feb 1, 2025

Libya - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Libya: Bearing Market 2025

Bearing Market Size in Libya

The Libyan bearing market skyrocketed to $X in 2021, rising by 32% 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, consumption, however, saw a slight decline. Bearing consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Bearing Exports

Exports from Libya

In 2021, overseas shipments of ball and roller bearings decreased by -15.9% to X kg, falling for the fifth consecutive year after five years of growth. Overall, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by 100% against the previous year. Over the period under review, the exports hit record highs at X kg in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, bearing exports expanded significantly to $X in 2021. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2015 with an increase of 179% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

From 2012 to 2020, the average annual growth rate of volume to No country was relatively modest.

In value terms, Italy ($X) remains the key foreign market for ball and roller bearings exports from Libya, comprising 3.3% of total exports. The second position in the ranking was held by China ($X), with a 0.7% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Italy totaled -7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+64.1% per year) and France (-27.6% per year).

Bearing Imports

Imports into Libya

In 2021, approx. X tons of ball and roller bearings were imported into Libya; with an increase of 22% compared with the previous year's figure. Overall, imports saw a modest expansion. The growth pace was the most rapid in 2019 when imports increased by 139% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bearing imports soared to $X in 2021. Over the period under review, imports, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2018 when imports increased by 64%. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2020, the United Arab Emirates (X tons) constituted the largest bearing supplier to Libya, with a 0.6% share of total imports. Moreover, bearing imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Germany (X kg) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2020, the average annual growth rate of volume from the United Arab Emirates amounted to -19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.2% per year) and Germany (-19.3% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ball and roller bearings to Libya, comprising 48% of total imports. The second position in the ranking was held by China ($X), with a 20% share of total imports. It was followed by Germany, with a 7% share.

From 2012 to 2020, the average annual growth rate of value from the United Arab Emirates totaled -12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and Germany (-11.9% per year).

Import Prices by Country

The average bearing import price stood at $X per ton in 2020, rising by 3.2% against the previous year. Over the period under review, the import price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2015 when the average import price increased by 29% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2020, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Tunisia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ball and roller bearings in the world?

The country with the largest volume of bearing consumption was China, comprising approx. 26% of total volume. Moreover, bearing consumption in China exceeded the figures recorded by the second-largest consumer, Japan, twofold. The third position in this ranking was occupied by the United States, with a 10% share.

What are the largest producers of ball and roller bearings in the world?

The countries with the highest volumes of bearing production in 2021 were China, Japan and the United States, together comprising 60% of global production. Indonesia, Russia, South Korea, Turkey, Thailand, Italy, Canada, Mexico, Romania and Germany lagged somewhat behind, together accounting for a further 26%.

What are the leading suppliers of ball and roller bearings to Libya?

In value terms, the United Arab Emirates constituted the largest supplier of bearing to Libya, comprising 48% of total imports. The second position in the ranking was occupied by China, with a 20% share of total imports. It was followed by Germany, with a 7% share.

What are the leading importers of ball and roller bearings from Libya?

In value terms, Italy $56) remains the key foreign market for bearing exports from Libya, comprising 1.2% of total exports. The second position in the ranking was occupied by China $5), with a 0.1% share of total exports. It was followed by France, with a 0% share.

What is the average export price for ball and roller bearings in Libya?

The average bearing export price stood at $23,005 per ton in 2017, picking up by 4.8% against the previous year.

What is the average import price for ball and roller bearings in Libya?

The average bearing import price stood at $6,344 per ton in 2020, falling by -35.5% against the previous year.

This report provides an in-depth analysis of the bearing market in Libya. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28151030 - Ball bearings
Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
Prodcom 28151055 - Spherical roller bearings
Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
Prodcom 28151070 - Needle roller bearings
Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)

Country coverage:

Libya

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Libya
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024