Sudan: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Sudan

The Sudanese needle roller bearing market surged to $X in 2021, increasing by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a prominent expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Needle Roller Bearing Exports

Exports from Sudan

In 2021, shipments abroad of needle roller bearings increased by 14% to X kg, rising for the seventh consecutive year after two years of decline. In general, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 250%. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, needle roller bearing exports rose markedly to $X in 2021. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 172% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Uzbekistan (X kg) was the main destination for needle roller bearing exports from Sudan, accounting for a 95% share of total exports. Moreover, needle roller bearing exports to Uzbekistan exceeded the volume sent to the second major destination, China (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Uzbekistan was relatively modest.

In value terms, Uzbekistan ($X) emerged as the key foreign market for needle roller bearing exports from Sudan, comprising 97% of total exports. The second position in the ranking was held by China ($X), with a 3.2% share of total exports.

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

Export Prices by Country

The average needle roller bearing export price stood at $X per ton in 2021, which is down by -2% against the previous year. In general, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of 10%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-9.0%).

Needle Roller Bearing Imports

Imports into Sudan

In 2021, approx. X tons of needle roller bearings were imported into Sudan; rising by 6.3% against the previous year. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by 295%. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, needle roller bearing imports skyrocketed to $X in 2021. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 430%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, India (X tons) constituted the largest supplier of needle roller bearing to Sudan, accounting for a 65% share of total imports. Moreover, needle roller bearing imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), fivefold. The third position in this ranking was held by the United Arab Emirates (X kg), with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+29.6% per year) and the United Arab Emirates (+0.1% per year).

In value terms, India ($X) constituted the largest supplier of needle roller bearing to Sudan, comprising 77% of total imports. The second position in the ranking was taken by Turkey ($X), with a 4.9% share of total imports. It was followed by China, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from India stood at +35.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+37.4% per year) and China (+0.3% per year).

Import Prices by Country

In 2021, the average needle roller bearing import price amounted to $X per ton, increasing by 24% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the average import price increased by 34% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Turkey ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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