Thailand - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThailand's January 2024 Ball Bearing Exports Plummet to $37M
Thailand Ball Bearing Exports
After two months of growth, shipments abroad of ball bearings decreased by -25.7% to 141K tons in January 2024. In general, exports showed a slight shrinkage. The pace of growth was the most pronounced in November 2023 when exports increased by 19% m-o-m.
In value terms, ball bearing exports reduced rapidly to $37M (IndexBox estimates) in January 2024. Over the period under review, exports saw a mild shrinkage. The most prominent rate of growth was recorded in May 2023 with an increase of 17% m-o-m.
| COUNTRY | Export Value of Ball Bearing in Thailand (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
| China | 9.9 | 9.0 | 7.5 | 6.1 | 6.0 | 9.2 | 6.3 | 5.4 | 8.3 | 6.6 | 9.9 | 11.4 | 5.5 |
| Hong Kong | 7.2 | 3.9 | 5.5 | 4.3 | 5.4 | 3.2 | 2.5 | 3.6 | 3.4 | 5.6 | 5.2 | 5.1 | 4.4 |
| Japan | 3.3 | 4.4 | 5.0 | 4.5 | 4.4 | 4.5 | 3.6 | 5.2 | 3.8 | 4.5 | 5.3 | 3.7 | 3.7 |
| Germany | 2.9 | 4.3 | 3.9 | 3.4 | 3.5 | 3.1 | 3.7 | 2.6 | 4.3 | 3.3 | 3.8 | 4.1 | 3.6 |
| Vietnam | 2.3 | 2.0 | 1.8 | 2.0 | 2.3 | 1.9 | 1.8 | 2.2 | 2.4 | 2.7 | 2.5 | 2.4 | 2.3 |
| United States | 1.8 | 2.2 | 2.2 | 2.4 | 4.0 | 3.0 | 3.3 | 3.3 | 2.4 | 2.5 | 2.2 | 2.3 | 1.7 |
| India | 1.2 | 1.5 | 1.7 | 1.3 | 1.4 | 1.5 | 1.5 | 1.7 | 1.8 | 1.3 | 1.7 | 1.6 | 1.2 |
| Others | 12.8 | 12.4 | 13.8 | 11.8 | 15.1 | 16.9 | 15.4 | 17.0 | 15.0 | 14.3 | 15.4 | 14.3 | 14.4 |
| Total | 41.5 | 39.6 | 41.4 | 35.9 | 42.0 | 43.2 | 38.2 | 40.9 | 41.5 | 40.7 | 46.1 | 45.1 | 36.9 |
Exports by Country
In January 2024, China (28K tons), followed by Hong Kong (30K tons), Japan (20K tons), Germany (12K tons) and the United States (5.7K tons) were the major exporters of ball bearings, together creating 68% of total exports. Vietnam (6.4K tons) and India (3.7K tons) took a relatively small share of total exports.
From January 2023 to January 2024, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Japan (with a CAGR of +1.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest ball bearing supplying countries from Thailand were China ($5.5M), Hong Kong ($4.4M) and Japan ($3.7M), together accounting for 34% of total exports. These countries were followed by Germany, Vietnam, the United States and India, which together accounted for a further 22%.
Germany, with a CAGR of +1.8%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.
Export Prices by Country
In January 2024, the ball bearing price amounted to $262 per ton (FOB, Thailand), increasing by 10% against the previous month. Overall, the export price showed mild growth. The pace of growth appeared the most rapid in July 2023 when the export price increased by 11% month-to-month. As a result, the export price attained the peak level of $278 per ton. From August 2023 to January 2024, the the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In January 2024, the country with the highest price was Indonesia ($1,268 per ton), while Hong Kong ($148 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+2.4%), while the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the ball bearing market in Thailand. 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:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
