SADC: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in SADC

The SADC spherical roller bearing market amounted to $X in 2021, increasing by 1.7% against the previous year. Overall, consumption continues to indicate a significant expansion. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Spherical Roller Bearing Production in SADC

In value terms, spherical roller bearing production dropped to $X in 2021 estimated in export price. Overall, production, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 165%. The level of production peaked at $X in 2020, and then reduced in the following year.

Spherical Roller Bearing Exports

Exports in SADC

In 2021, the amount of spherical roller bearings exported in SADC surged to X tons, growing by 37% against the previous year's figure. Overall, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 74%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, spherical roller bearing exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 60%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

South Africa (X tons) represented roughly 98% of total exports in 2021.

South Africa was also the fastest-growing in terms of the spherical roller bearings exports, with a CAGR of -15.3% from 2012 to 2021. South Africa (-1.9 p.p.) significantly weakened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest spherical roller bearing supplier in SADC.

From 2012 to 2021, the average annual rate of growth in terms of value in South Africa was relatively modest.

Export Prices by Country

In 2021, the export price in SADC amounted to $X per ton, with a decrease of -4.4% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2014 an increase of 75%. The level of export peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2021, the rate of growth in terms of prices for South Africa amounted to +18.4% per year.

Spherical Roller Bearing Imports

Imports in SADC

In 2021, overseas purchases of spherical roller bearings were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, saw a relatively flat trend pattern. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, spherical roller bearing imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

South Africa prevails in imports structure, accounting for X tons, which was approx. 81% of total imports in 2021. It was distantly followed by Zambia (X tons), creating a 5.1% share of total imports. Tanzania (X tons), Democratic Republic of the Congo (X tons), Zimbabwe (X tons) and Namibia (X tons) took a relatively small share of total imports.

Imports into South Africa decreased at an average annual rate of -1.8% from 2012 to 2021. At the same time, Zambia (+19.1%), Democratic Republic of the Congo (+17.5%), Tanzania (+14.1%) and Zimbabwe (+9.9%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing importer imported in SADC, with a CAGR of +19.1% from 2012-2021. By contrast, Namibia (-2.4%) illustrated a downward trend over the same period. Zambia (+4.1 p.p.), Tanzania (+2.8 p.p.) and Democratic Republic of the Congo (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while South Africa saw its share reduced by -10.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported spherical roller bearings in SADC, comprising 80% of total imports. The second position in the ranking was held by Zambia ($X), with a 6.4% share of total imports. It was followed by Tanzania, with a 2.3% share.

In South Africa, spherical roller bearing imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Zambia (+13.2% per year) and Tanzania (+11.5% per year).

Import Prices by Country

In 2021, the import price in SADC amounted to $X per ton, remaining stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 3.3% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Namibia ($X per ton), while Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform