South Africa: Tools For Bearing Market 2025

Tools For Bearing Market Size in South Africa

In 2022, the South African tools for bearing market increased by 39% to $X, rising for the second year in a row after three years of decline. In general, consumption saw a relatively flat trend pattern. Tools for bearing consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Tools For Bearing Exports

Exports from South Africa

In 2022, shipments abroad of balls, needles and rollers for ball or roller bearings increased by 66% to X tons, rising for the second consecutive year after three years of decline. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of 100% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, tools for bearing exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a perceptible descent. The pace of growth was the most pronounced in 2021 with an increase of 47%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey (X tons) was the main destination for tools for bearing exports from South Africa, accounting for a 44% share of total exports. Moreover, tools for bearing exports to Turkey exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. Botswana (X tons) ranked third in terms of total exports with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Turkey totaled +844.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+8.4% per year) and Botswana (+0.7% per year).

In value terms, the largest markets for tools for bearing exported from South Africa were Sierra Leone ($X), Botswana ($X) and Swaziland ($X), with a combined 38% share of total exports. Zimbabwe, Turkey, Democratic Republic of the Congo, Namibia, Mozambique, Zambia and Tanzania lagged somewhat behind, together accounting for a further 43%.

Among the main countries of destination, Turkey, with a CAGR of +904.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tools for bearing export price stood at $X per ton in 2022, which is down by -30.6% against the previous year. In general, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 63%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tools For Bearing Imports

Imports into South Africa

In 2022, overseas purchases of balls, needles and rollers for ball or roller bearings increased by 25% to X tons, rising for the second year in a row after three years of decline. Overall, total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2020 indices. The growth pace was the most rapid in 2013 when imports increased by 60%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, tools for bearing imports soared to $X in 2022. Over the period under review, imports continue to indicate a tangible expansion. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest tools for bearing supplier to South Africa, accounting for a 73% share of total imports. Moreover, tools for bearing imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.8% per year) and India (+44.8% per year).

In value terms, China ($X) constituted the largest supplier of balls, needles and rollers for ball or roller bearings to South Africa, comprising 63% of total imports. The second position in the ranking was held by the United States ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-10.7% per year) and India (+43.1% per year).

Import Prices by Country

The average tools for bearing import price stood at $X per ton in 2022, picking up by 37% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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