Report Update Nov 1, 2024

Morocco - Parts of Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Morocco: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Morocco

For the third year in a row, the Moroccan ball bearing parts market recorded growth in sales value, which increased by 52% to $X in 2021. Over the period under review, consumption saw resilient growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the near future.

Ball Bearing Parts Exports

Exports from Morocco

In 2021, the amount of parts of ball or roller bearings exported from Morocco skyrocketed to X kg, with an increase of 447% on the previous year's figure. Overall, exports, however, saw a deep reduction. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, ball bearing parts exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a abrupt curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Gabon (X kg), Burkina Faso (X kg) and the Netherlands (X kg) were the main destinations of ball bearing parts exports from Morocco, with a combined 88% share of total exports. Mauritania, Italy and France lagged somewhat behind, together comprising a further 11%.

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

In value terms, Gabon ($X) emerged as the key foreign market for parts of ball or roller bearings exports from Morocco, comprising 65% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 20% share of total exports. It was followed by Burkina Faso, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Gabon totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-16.9% per year) and Burkina Faso (-19.6% per year).

Export Prices by Country

The average ball bearing parts export price stood at $X per ton in 2021, surging by 2.3% against the previous year. Overall, the export price saw strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 323%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Gabon ($X per ton), while the average price for exports to Italy ($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 Belgium (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Morocco

In 2021, supplies from abroad of parts of ball or roller bearings increased by 31% to X tons, rising for the third consecutive year after two years of decline. In general, imports saw prominent growth. The pace of growth was the most pronounced in 2020 with an increase of 144%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, ball bearing parts imports soared to $X in 2021. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 102%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest ball bearing parts supplier to Morocco, with a 78% share of total imports. Moreover, ball bearing parts imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sevenfold. The third position in this ranking was taken by Italy (X tons), with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+38.5% per year) and Italy (+11.0% per year).

In value terms, China ($X) constituted the largest supplier of parts of ball or roller bearings to Morocco, comprising 66% of total imports. The second position in the ranking was taken by Spain ($X), with a 14% share of total imports. It was followed by Germany, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +32.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+36.7% per year) and Germany (-5.9% per year).

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2021, surging by 27% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 55%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.3%), 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 parts of ball or roller bearings in the world?

China constituted the country with the largest volume of ball bearing parts consumption, comprising approx. 24% of total volume. Moreover, ball bearing parts consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 8% share.

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

China constituted the country with the largest volume of ball bearing parts production, accounting for 37% of total volume. Moreover, ball bearing parts production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of parts of ball or roller bearings to Morocco?

In value terms, China constituted the largest supplier of ball bearing parts to Morocco, comprising 53% of total imports. The second position in the ranking was occupied by Romania, with an 8% share of total imports. It was followed by Germany, with a 6.1% share.

What are the leading importers of parts of ball or roller bearings from Morocco?

In value terms, the largest markets for ball bearing parts exported from Morocco were France and Sudan.

What is the average export price for parts of ball or roller bearings in Morocco?

The average ball bearing parts export price stood at $35,070 per ton in 2021, declining by -17.4% against the previous year.

What is the average import price for parts of ball or roller bearings in Morocco?

In 2021, the average ball bearing parts import price amounted to $12,975 per ton, with an increase of 36% against the previous year.

This report provides an in-depth analysis of the ball bearing parts market in Morocco. 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 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)

Country coverage:

Morocco

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Morocco
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 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023