Western Africa: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2025

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

The West African market for bearing housings not incorporating ball or roller bearings, plain shaft bearings expanded sharply to $X in 2021, picking up by 7.7% against the previous year. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.2% against 2019 indices. The level of 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 Western Africa

In value terms, bearing housing without ball bearing production reached $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.7% against 2019 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 43% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports in Western Africa

In 2021, after two years of decline, there was significant growth in overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume increased by 21% to X tons. Over the period under review, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 89%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, bearing housing without ball bearing exports declined sharply to $X in 2021. Overall, exports showed a noticeable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 141% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Cote d'Ivoire (X tons) and Niger (X tons) were the main exporters of bearing housings not incorporating ball or roller bearings, plain shaft bearings in Western Africa, together accounting for approx. 60% of total exports. It was distantly followed by Mauritania (X tons), Senegal (X tons), Sierra Leone (X tons) and Togo (X tons), together creating a 29% share of total exports. Liberia (X kg) and Ghana (X kg) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Niger (with a CAGR of +86.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing without ball bearing supplying countries in Western Africa were Cote d'Ivoire ($X), Sierra Leone ($X) and Niger ($X), together accounting for 58% of total exports. These countries were followed by Senegal, Mauritania, Togo, Ghana and Liberia, which together accounted for a further 34%.

In terms of the main exporting countries, Togo, with a CAGR of +45.9%, saw 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 export price in Western Africa stood at $X per ton in 2021, with a decrease of -40.6% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth appeared the most rapid in 2016 when the export price increased by 46%. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per ton), while Niger ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Senegal (+10.8%), while the other leaders experienced more modest paces of growth.

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

Imports in Western Africa

In 2021, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings imported in Western Africa skyrocketed to X tons, increasing by 22% against the year before. In general, imports recorded strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by 80% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, bearing housing without ball bearing imports expanded remarkably to $X in 2021. Total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.3% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Nigeria represented the main importer of bearing housings not incorporating ball or roller bearings, plain shaft bearings in Western Africa, with the volume of imports recording X tons, which was near 53% of total imports in 2021. Ghana (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Liberia (11%) and Cote d'Ivoire (6.9%). Senegal (X tons), Burkina Faso (X tons) and Mali (X tons) followed a long way behind the leaders.

Imports into Nigeria increased at an average annual rate of +6.3% from 2012 to 2021. At the same time, Liberia (+30.7%), Senegal (+17.1%), Ghana (+8.7%), Mali (+6.4%) and Cote d'Ivoire (+1.8%) displayed positive paces of growth. Moreover, Liberia emerged as the fastest-growing importer imported in Western Africa, with a CAGR of +30.7% from 2012-2021. By contrast, Burkina Faso (-1.1%) illustrated a downward trend over the same period. Liberia (+9.2 p.p.), Senegal (+2.4 p.p.) and Ghana (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Nigeria, Burkina Faso and Cote d'Ivoire saw its share reduced by -2.8%, -3.7% and -3.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bearing housing without ball bearing importing markets in Western Africa were Nigeria ($X), Ghana ($X) and Liberia ($X), with a combined 59% share of total imports.

Liberia, with a CAGR of +30.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Western Africa amounted to $X per ton, falling by -6.9% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 34%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mali (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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