Tunisia: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Tunisia

After three years of growth, the Tunisian market for bearing housings incorporating ball or roller bearings decreased by -16.3% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank sharply in the following year.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Tunisia

In 2022, overseas shipments of bearing housings incorporating ball or roller bearings decreased by -75.8% to X kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 3,960% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing housing with ball bearing exports fell significantly to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 6,644% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Italy (X kg) was the main destination for bearing housing with ball bearing exports from Tunisia, accounting for a 81% share of total exports. Moreover, bearing housing with ball bearing exports to Italy exceeded the volume sent to the second major destination, Libya (X kg), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+34.1% per year) and Belgium (0.0% per year).

In value terms, Italy ($X) emerged as the key foreign market for bearing housings incorporating ball or roller bearings exports from Tunisia, comprising 81% of total exports. The second position in the ranking was taken by Libya ($X), with a 17% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Libya (+36.6% per year) and Belgium (0.0% per year).

Export Prices by Country

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, reducing by -9.1% against the previous year. Overall, the export price, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 an increase of 1,249% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Libya ($X per ton), while the average price for exports to Belgium ($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 Libya (+1.8%), while the prices for the other major destinations experienced a decline.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Tunisia

After two years of decline, supplies from abroad of bearing housings incorporating ball or roller bearings decreased by -19.9% to X tons in 2022. Over the period under review, imports continue to indicate a mild decline. The growth pace was the most rapid in 2019 with an increase of 75% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, bearing housing with ball bearing imports fell to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 78% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bearing housing with ball bearing to Tunisia, accounting for a 49% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was taken by Italy (X tons), with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+4.2% per year) and Italy (+2.6% per year).

In value terms, the largest bearing housing with ball bearing suppliers to Tunisia were China ($X), Italy ($X) and Germany ($X), with a combined 47% share of total imports. The United States, Vietnam, Sweden, Spain and Turkey lagged somewhat behind, together accounting for a further 28%.

Among the main suppliers, Vietnam, with a CAGR of +53.9%, 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 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, increasing by 9.9% against the previous year. In general, the import price saw a modest increase. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform