China - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBearing Price in China - 2023
Contents:
- Bearing Price in China (FOB) - 2023
- Bearing Price in China (CIF) - 2023
- Bearing Exports in China
- Bearing Imports in China
Bearing Price in China (FOB) - 2023
The average bearing export price stood at $6,249 per ton in September 2023, waning by -1.6% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 12% m-o-m. As a result, the export price reached the peak level of $7,160 per ton. From March 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was South Korea ($8,929 per ton), while the average price for exports to Brazil ($4,296 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Price in China (CIF) - 2023
In September 2023, the average bearing import price amounted to $22,761 per ton, dropping by -9.7% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 6.2% month-to-month. Over the period under review, average import prices attained the peak figure at $25,786 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($114K per ton), while the price for Malaysia ($9,026 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Exports in China
Bearing exports from China totaled 790K tons in 2022, leveling off at 2021. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 33%.
In value terms, bearing exports expanded modestly to $5.4B in 2022. Over the period under review, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Bearing in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | 548 | 478 | 579 | 2.8% | |
| Germany | 335 | 325 | 491 | 21.1% | |
| India | 354 | 322 | 484 | 16.9% | |
| Brazil | 165 | 149 | 259 | 25.3% | |
| South Korea | 168 | 165 | 247 | 21.3% | |
| Italy | 150 | 134 | 228 | 23.3% | |
| Mexico | 159 | 134 | 211 | 15.2% | |
| Vietnam | 112 | 141 | 171 | 23.6% | |
| Taiwan (Chinese) | 91.1 | 104 | 165 | 34.6% | |
| France | 128 | 111 | 161 | 12.2% | |
| Malaysia | 67.7 | 86.9 | 141 | 44.3% | |
| Indonesia | 84.4 | 71.6 | 113 | 15.7% | |
| United Arab Emirates | 73.4 | 43.0 | 81.3 | 5.2% | |
| Others | 1,487 | 1,362 | 1,818 | 10.6% | |
| Total | 3,924 | 3,627 | 5,150 | 14.6% | |
Top Export Markets for Bearing from China in 2022:
- United States (74.6K tons)
- Germany (60.3K tons)
- India (50.2K tons)
- Italy (34.8K tons)
- Mexico (29.3K tons)
- South Korea (28.7K tons)
- Brazil (27.4K tons)
- Vietnam (23.3K tons)
- France (20.1K tons)
- United Arab Emirates (19.8K tons)
- Indonesia (18.7K tons)
- Malaysia (15.2K tons)
- Taiwan (Chinese) (14.3K tons)
Bearing Imports in China
In 2022, the amount of ball or roller bearings imported into China shrank remarkably to 154K tons, reducing by -17.7% compared with the previous year's figure. Over the period under review, imports saw a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 8%.
In value terms, bearing imports contracted rapidly to $3.6B in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of $4.3B, and then reduced rapidly in the following year.
| Import of Bearing in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | 807 | 878 | 1,210 | 22.4% | |
| Germany | 598 | 799 | 980 | 28.0% | |
| Thailand | 224 | 237 | 290 | 13.8% | |
| Taiwan (Chinese) | 61.9 | 217 | 283 | 113.8% | |
| Romania | 167 | 226 | 229 | 17.1% | |
| United States | 175 | 153 | 182 | 2.0% | |
| South Korea | 138 | 136 | 170 | 11.0% | |
| Italy | 116 | 107 | 126 | 4.2% | |
| France | 114 | 115 | 122 | 3.4% | |
| Austria | 133 | 100 | 121 | -4.6% | |
| Malaysia | 63.0 | 56.8 | 74.3 | 8.6% | |
| Sweden | 49.1 | 71.6 | 70.6 | 19.9% | |
| India | 45.0 | 48.7 | 53.7 | 9.2% | |
| Others | 323 | 419 | 409 | 12.5% | |
| Total | 3,013 | 3,562 | 4,320 | 19.7% | |
Top Suppliers of Bearing to China in 2022:
- Japan (56.7K tons)
- Germany (40.7K tons)
- Taiwan (Chinese) (16.4K tons)
- South Korea (13.1K tons)
- Romania (12.9K tons)
- Malaysia (4.7K tons)
- Italy (4.6K tons)
- Thailand (4.6K tons)
- France (4.3K tons)
- Austria (4.1K tons)
- United States (3.6K tons)
- India (3.4K tons)
- Sweden (3.3K tons)
This report provides an in-depth analysis of the bearing market in 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 28151030 - Ball bearings
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in 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.
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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
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This report provides an in-depth analysis of the bearing market in China.
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This report provides an in-depth analysis of the bearing market in China.
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This report provides an in-depth analysis of the ball bearing market in China.
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This report provides an in-depth analysis of the tools for bearing market in China.
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This report provides an in-depth analysis of the cylindrical roller bearing market in China.
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This report provides an in-depth analysis of the needle roller bearing market in China.
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This report provides an in-depth analysis of the ball bearing parts market in China.
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This report provides an in-depth analysis of the roller bearing market in China.
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This report provides an in-depth analysis of the spherical roller bearing market in China.
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This report provides an in-depth analysis of the tapered roller bearing market in China.
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In value terms, bearing exports fell to $457M in April 2023.
351
In terms of value, exports of Bearing decreased to $420M in June 2023.
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During the review period, Ball Bearing exports reached a peak of 533K tons in 2022 before declining the next year. In terms of value, exports decreased to $3.2B in 2023.
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In February 2023, the cost of ball bearings was $7,082 per ton delivered (FOB, China), an increase of 12% compared to the previous month.
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In value terms, cylindrical roller bearing imports rose modestly to $59M in April 2023.
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The needle roller bearing industry experienced a significant growth rate in March 2023 with a month-on-month increase of 44%. In terms of value, the exports of Needle Roller Bearing rose remarkably to $19M in December 2023.
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In value terms, needle roller bearing exports soared to $19M in March 2023.
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The rate of growth for Ball Bearing Parts was particularly rapid in March 2023, experiencing a month-on-month increase of 35%. Additionally, the value of exports for ball bearing parts surged to $79M in November 2023.
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In April 2023, the roller bearing price stood at $6,407 per ton (FOB, China), increasing by 3.7% against the previous month.
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In June 2023, the price of Spherical Roller Bearing amounted to $14,537 per ton (CIF, China), showing a 4% decrease compared to the previous month.
