Vietnam - Parts Of Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Bearing Parts Price in Vietnam - 2021
Contents:
- Ball Bearing Parts Price in Vietnam (FOB) - 2022
- Ball Bearing Parts Price in Vietnam (CIF) - 2022
- Ball Bearing Parts Exports in Vietnam
- Ball Bearing Parts Imports in Vietnam
Ball Bearing Parts Price in Vietnam (FOB) - 2022
The average ball bearing parts export price stood at $18,727 per ton in 2022, falling by -14% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2013 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the maximum at $21,784 per ton in 2021, and then reduced in the following year.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Germany ($21,066 per ton) and Taiwan (Chinese) ($19,621 per ton), while the average price for exports to Canada ($15,277 per ton) and the United States ($15,277 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Ball Bearing Parts Price in Vietnam (CIF) - 2022
In 2022, the average ball bearing parts import price amounted to $16,308 per ton, increasing by 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2020 when the average import price increased by 14% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($16,917 per ton) and Slovakia ($15,694 per ton), while the price for the United States ($12,137 per ton) and South Korea ($15,280 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Ball Bearing Parts Exports in Vietnam
In 2022, shipments abroad of parts of ball or roller bearings decreased by -8.4% to 1.8K tons for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +19.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +72.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 48% against the previous year. As a result, the exports attained the peak of 2K tons, and then fell in the following year.
In value terms, ball bearing parts exports fell significantly to $34M in 2022. Over the period under review, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 74%. As a result, the exports reached the peak of $43M, and then declined significantly in the following year.
| Export of Ball Bearing Parts in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.1 | 4.9 | 18.0 | 13.0 | 61.3% |
| India | 3.8 | 5.1 | 7.5 | 5.7 | 14.5% |
| China | 1.0 | 3.0 | 4.3 | 3.9 | 57.4% |
| United States | 0.3 | 0.9 | 1.6 | 2.0 | 88.2% |
| Germany | 3.4 | 4.7 | 3.1 | 1.8 | -19.1% |
| Indonesia | 0.3 | 0.4 | 2.2 | 1.6 | 74.7% |
| Brazil | 0.9 | 0.9 | 1.4 | 1.3 | 13.0% |
| Singapore | 0.1 | 0.2 | 0.3 | 1.2 | 128.9% |
| Canada | 1.0 | 0.2 | 0.7 | 0.2 | -41.5% |
| Others | 4.6 | 4.4 | 4.0 | 3.1 | -12.3% |
| Total | 18.4 | 24.7 | 43.0 | 33.8 | 22.5% |
Top Export Markets for Ball Bearing Parts from Vietnam in 2022:
- Japan (693.2 tons)
- India (313.4 tons)
- China (211.4 tons)
- United States (128.1 tons)
- Indonesia (90.9 tons)
- Germany (87.4 tons)
- Singapore (66.3 tons)
- Brazil (37.6 tons)
- Canada (10.0 tons)
Ball Bearing Parts Imports in Vietnam
After three years of growth, overseas purchases of parts of ball or roller bearings decreased by -22% to 2.6K tons in 2022. Over the period under review, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 89% against the previous year.
In value terms, ball bearing parts imports fell notably to $42M in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 115%.
| Import of Ball Bearing Parts in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 7.8 | 16.9 | 35.3 | 29.0 | 54.9% |
| South Korea | 0.8 | 7.8 | 9.9 | 8.0 | 115.4% |
| Japan | 2.6 | 2.3 | 2.3 | 1.9 | -9.9% |
| Slovakia | 0.7 | 1.0 | 2.5 | 1.1 | 16.3% |
| Others | 2.8 | 3.5 | 2.8 | 2.3 | -6.3% |
| Total | 14.7 | 31.6 | 52.9 | 42.3 | 42.2% |
Top Suppliers of Ball Bearing Parts to Vietnam in 2022:
- China (1712.3 tons)
- South Korea (526.2 tons)
- Japan (123.0 tons)
- Slovakia (70.6 tons)
This report provides an in-depth analysis of the ball bearing parts market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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
-
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
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