South Africa: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in South Africa

The South African market for bearing housings not incorporating ball or roller bearings, plain shaft bearings expanded remarkably to $X in 2021, growing by 12% against the previous year. In general, consumption continues to indicate a prominent increase. Bearing housing without ball bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in South Africa

In value terms, bearing housing without ball bearing production rose markedly to $X in 2021 estimated in export price. Over the period under review, production showed a buoyant increase. The growth pace was the most rapid in 2016 with an increase of 38%. Bearing housing without ball bearing production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from South Africa

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were exported from South Africa; growing by 103% against 2020. Over the period under review, exports, however, saw a deep reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. In general, exports, however, showed a pronounced decline. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Zambia (X tons) and Zimbabwe (X tons) were the main destinations of bearing housing without ball bearing exports from South Africa, with a combined 38% share of total exports. Democratic Republic of the Congo, Lesotho, Namibia, Hungary, Mozambique, Botswana, Swaziland, the United States, the United Arab Emirates and Germany lagged somewhat behind, together comprising a further 50%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +87.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing housing without ball bearing exported from South Africa were China ($X), Hungary ($X) and Democratic Republic of the Congo ($X), together comprising 37% of total exports.

Hungary, with a CAGR of +175.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, declining by -33.2% against the previous year. Overall, the export price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, 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 Germany ($X per ton), while the average price for exports to Swaziland ($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 Hungary (+46.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into South Africa

In 2021, overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, faced a dramatic setback. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X tons) constituted the largest bearing housing without ball bearing supplier to South Africa, with a 51% share of total imports. Moreover, bearing housing without ball bearing imports from Brazil exceeded the figures recorded by the second-largest supplier, Denmark (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil amounted to -8.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+15.9% per year) and the Czech Republic (+4.5% per year).

In value terms, China ($X), Germany ($X) and Japan ($X) constituted the largest bearing housing without ball bearing suppliers to South Africa, together comprising 42% of total imports. These countries were followed by the UK, Brazil, Italy, Taiwan (Chinese), South Korea, Denmark, Mexico, the Czech Republic and Romania, which together accounted for a further 14%.

In terms of the main suppliers, Romania, with a CAGR of +27.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per kg, reducing by -4% against the previous year. Overall, the import price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 an increase of 99% against the previous year. Over the period under review, average import prices reached the peak figure at $X per kg in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+102.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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