Report Update Nov 1, 2024

Sudan - Ball Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Sudan: Ball Bearing Market 2024

Ball Bearing Market Size in Sudan

In 2021, after four years of growth, there was significant decline in the Sudanese ball bearing market, when its value decreased by -44.2% to $X. Over the period under review, consumption recorded a relatively flat trend pattern. Ball bearing consumption peaked at $X in 2020, and then shrank notably in the following year.

Ball Bearing Exports

Exports from Sudan

In 2021, ball bearing exports from Sudan expanded sharply to X kg, growing by 11% against the previous year. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 230%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ball bearing exports soared to $X in 2021. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 201% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Uzbekistan (X kg) was the main destination for ball bearing exports from Sudan, accounting for a 84% share of total exports. Moreover, ball bearing exports to Uzbekistan exceeded the volume sent to the second major destination, the Dominican Republic (X kg), tenfold. The third position in this ranking was held by South Africa (X kg), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uzbekistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+52.3% per year) and South Africa (+17.6% per year).

In value terms, Uzbekistan ($X) emerged as the key foreign market for ball bearings exports from Sudan, comprising 74% of total exports. The second position in the ranking was taken by South Africa ($X), with a 12% share of total exports. It was followed by the Dominican Republic, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value to Uzbekistan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+23.8% per year) and the Dominican Republic (+19.9% per year).

Export Prices by Country

In 2021, the average ball bearing export price amounted to $X per ton, surging by 14% against the previous year. Overall, the export price, however, showed a sharp reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was South Africa ($X per ton), while the average price for exports to China ($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 South Africa (+5.9%), while the prices for the other major destinations experienced a decline.

Ball Bearing Imports

Imports into Sudan

After four years of growth, overseas purchases of ball bearings decreased by -51.1% to X tons in 2021. In general, imports, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 203% against the previous year. Imports peaked at X tons in 2020, and then contracted dramatically in the following year.

In value terms, ball bearing imports dropped markedly to $X in 2021. Overall, imports showed a mild decline. The pace of growth was the most pronounced in 2017 when imports increased by 119%. Over the period under review, imports attained the maximum at $X in 2020, and then declined markedly in the following year.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Saint Vincent and the Grenadines (X tons) were the main suppliers of ball bearing imports to Sudan, with a combined 84% share of total imports. Saudi Arabia, Egypt, India and Japan lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +45.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), China ($X) and India ($X) constituted the largest ball bearing suppliers to Sudan, together accounting for 60% of total imports. These countries were followed by Saint Vincent and the Grenadines, Egypt, Saudi Arabia and Japan, which together accounted for a further 14%.

Saudi Arabia, with a CAGR of +28.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball bearing import price stood at $X per ton in 2021, with an increase of 32% against the previous year. Overall, the import price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2015 an increase of 58%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was India ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of ball bearing consumption was China, comprising approx. 30% of total volume. Moreover, ball bearing consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The third position in this ranking was occupied by the United States, with an 8.5% share.

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

The country with the largest volume of ball bearing production was China, comprising approx. 36% of total volume. Moreover, ball bearing production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 10% share.

What are the leading suppliers of ball bearings to Sudan?

In value terms, the largest ball bearing suppliers to Sudan were the United Arab Emirates, China and India, together comprising 75% of total imports.

What are the leading importers of ball bearings from Sudan?

In value terms, South Africa remains the key foreign market for ball bearing exports from Sudan.

What is the average export price for ball bearings in Sudan?

In 2020, the average ball bearing export price amounted to $15,838 per ton, waning by -83.7% against the previous year.

What is the average import price for ball bearings in Sudan?

In 2020, the average ball bearing import price amounted to $5,437 per ton, surging by 1.9% against the previous year.

This report provides an in-depth analysis of the ball bearing market in Sudan. 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

Country coverage:

Sudan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sudan
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