Hong Kong SAR, China - Parts Of Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingBall Bearing Parts Price in Hong Kong SAR - 2023
Contents:
- Ball Bearing Parts Price in Hong Kong SAR (CIF) - 2022
- Ball Bearing Parts Price in Hong Kong SAR (FOB) - 2023
- Ball Bearing Parts Imports in Hong Kong SAR
- Ball Bearing Parts Exports in Hong Kong SAR
Ball Bearing Parts Price in Hong Kong SAR (CIF) - 2022
In 2022, the average ball bearing parts import price amounted to $20,762 per ton, surging by 30% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ball bearing parts import price decreased by -36.1% against 2019 indices. The import price peaked at $32,492 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
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 Germany ($47,102 per ton), while the price for China ($15,281 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Ball Bearing Parts Price in Hong Kong SAR (FOB) - 2023
The average ball bearing parts export price stood at $52,686 per ton in June 2023, surging by 37% against the previous month. Over the period under review, the export price showed slight growth. The most prominent rate of growth was recorded in April 2023 an increase of 130% against the previous month. The export price peaked at $52,937 per ton in October 2022; however, from November 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($79,787 per ton), while the average price for exports to Mexico ($13,192 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.
Ball Bearing Parts Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of parts of ball or roller bearings, when their volume decreased by -23.3% to 960 tons. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year.
In value terms, ball bearing parts imports shrank to $20M in 2022. In general, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports reached the peak of $20M, leveling off in the following year.
| Import of Ball Bearing Parts in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | 0.2 | 5.2 | 9.1 | 574.5% |
| China | 5.4 | 6.7 | 7.0 | 3.7 | -11.8% |
| Japan | 1.4 | 1.7 | 3.9 | 3.2 | 31.7% |
| Germany | 1.2 | 1.1 | 1.6 | 1.6 | 10.1% |
| Thailand | 0.8 | 2.3 | 0.9 | 1.5 | 23.3% |
| Taiwan (Chinese) | 0.6 | 0.3 | 0.5 | 0.2 | -30.7% |
| Others | 1.0 | 1.1 | 0.9 | 0.7 | -11.2% |
| Total | 10.3 | 13.3 | 20.0 | 19.9 | 24.5% |
Top Suppliers of Ball Bearing Parts to Hong Kong SAR in 2022:
- Malaysia (527.2 tons)
- China (244.2 tons)
- Japan (96.2 tons)
- Thailand (39.9 tons)
- Germany (33.7 tons)
- Taiwan (Chinese) (10.7 tons)
Ball Bearing Parts Exports in Hong Kong SAR
In 2022, shipments abroad of parts of ball or roller bearings decreased by -53.7% to 263 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 131% against the previous year. As a result, the exports attained the peak of 622 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, ball bearing parts exports declined rapidly to $10M in 2022. Overall, exports, however, showed a buoyant increase. The pace of growth was the most pronounced in 2020 when exports increased by 62% against the previous year.
| Export of Ball Bearing Parts in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.9 | 10.1 | 15.0 | 8.7 | 21.1% |
| Mexico | N/A | N/A | N/A | 0.5 | 0% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| United States | 1.3 | 0.8 | 0.6 | 0.3 | -38.7% |
| India | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Japan | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 0.5 | 0.3 | 0.3 | 0.2 | -26.3% |
| Total | 7.2 | 11.7 | 16.3 | 10.3 | 12.7% |
Top Export Markets for Ball Bearing Parts from Hong Kong SAR in 2022:
- China (190.4 tons)
- Mexico (24.9 tons)
- Taiwan (Chinese) (16.1 tons)
- United States (14.8 tons)
- Japan (7.2 tons)
- India (3.9 tons)
This report provides an in-depth analysis of the ball bearing parts market in Hong Kong SAR, China. 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 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- 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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- 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- 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
-
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
-
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
286
This report provides an in-depth analysis of the ball bearing parts market in Hong Kong SAR, China.
316
This report provides an in-depth analysis of the bearing market in Hong Kong SAR, China.
491
This report provides an in-depth analysis of the ball bearing market in Hong Kong SAR, China.
249
This report provides an in-depth analysis of the tools for bearing market in Hong Kong SAR, China.
268
This report provides an in-depth analysis of the cylindrical roller bearing market in Hong Kong SAR, China.
372
This report provides an in-depth analysis of the needle roller bearing market in Hong Kong SAR, China.
227
This report provides an in-depth analysis of the roller bearing market in Hong Kong SAR, China.
321
This report provides an in-depth analysis of the spherical roller bearing market in Hong Kong SAR, China.
297
This report provides an in-depth analysis of the tapered roller bearing market in Hong Kong SAR, China.
355
This report provides an in-depth analysis of the bearing market in Hong Kong SAR, China.
347
In March 2023, the Bearing price was $27,575 per ton (FOB, Hong Kong), experiencing a 5.2% growth compared to the previous month.
288
In September 2022, the growth rate of Bearing was the highest, showing a significant increase of 33% compared to the previous month. However, the export value of Bearing decreased to $35M in June 2023.
178
Explore the top import markets for ball bearings, including Germany, China, the United States, and more. Find key statistics and data on the global demand for ball bearings.
89
Discover the leading import markets for cylindrical roller bearings and their impact on the global industry. From China to South Korea, learn about the key players driving the demand for these essential components.
160
Explore the top import markets for bearings, including China, Germany, and the United States. Discover key statistics and figures that highlight the growth and demand in this thriving industry.
347
In March 2023, the Bearing price was $27,575 per ton (FOB, Hong Kong), experiencing a 5.2% growth compared to the previous month.
288
In September 2022, the growth rate of Bearing was the highest, showing a significant increase of 33% compared to the previous month. However, the export value of Bearing decreased to $35M in June 2023.
3219
In value terms, candles and tapers imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consistent,...
855
In value terms, candles and tapers exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern remained consistent, with so...
920
In 2016, approx. X tons of bearing were imported worldwide- standing approx. at the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
