Thailand - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBearing Price in Thailand - 2023
Contents:
- Bearing Price in Thailand (FOB) - 2023
- Bearing Price in Thailand (CIF) - 2023
- Bearing Exports in Thailand
- Bearing Imports in Thailand
Bearing Price in Thailand (FOB) - 2023
In September 2023, the average bearing export price amounted to $217 per ton, picking up by 5.2% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.0%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 14% m-o-m. As a result, the export price attained the peak level of $219 per ton. From May 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($1,353 per ton), while the average price for exports to India ($43.0 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 India (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Price in Thailand (CIF) - 2023
In September 2023, the average bearing import price amounted to $709 per ton, picking up by 11% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 an increase of 41% month-to-month. As a result, import price reached the peak level of $908 per ton. From March 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($2,547 per ton), while the price for Singapore ($119 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 Japan (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in shipments abroad of ball or roller bearings, which increased by 6.1% to 34K tons in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.4% 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 +74.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 32%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, bearing exports rose slightly to $565M in 2022. The total export value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 25% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Bearing in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 57.1 | 93.5 | 109 | 38.2% | |
| Indonesia | 63.6 | 40.7 | 59.7 | -3.1% | |
| Hong Kong SAR | 41.3 | 46.1 | 51.8 | 12.0% | |
| Japan | 36.4 | 30.1 | 40.5 | 5.5% | |
| Germany | 38.8 | 30.6 | 38.6 | -0.3% | |
| United States | 32.1 | 26.0 | 34.7 | 4.0% | |
| Philippines | 30.3 | 28.2 | 31.5 | 2.0% | |
| Vietnam | 24.9 | 24.4 | 26.1 | 2.4% | |
| India | 12.5 | 14.2 | 24.8 | 40.9% | |
| Singapore | 16.2 | 17.6 | 19.6 | 10.0% | |
| South Africa | 9.5 | 7.1 | 13.8 | 20.5% | |
| Argentina | 7.6 | 6.6 | 10.8 | 19.2% | |
| Pakistan | 8.7 | 7.4 | 9.0 | 1.7% | |
| Others | 78.6 | 64.2 | 76.1 | -1.6% | |
| Total | 457 | 437 | 546 | 9.3% | |
Top Export Markets for Bearing from Thailand in 2022:
- China (4.1K tons)
- Indonesia (2.5K tons)
- United States (1.9K tons)
- Hong Kong SAR (1.9K tons)
- South Africa (1.7K tons)
- Japan (1.6K tons)
- Germany (1.5K tons)
- Singapore (1.3K tons)
- Philippines (1.2K tons)
- Argentina (1.1K tons)
- Vietnam (1.0K tons)
- Pakistan (0.9K tons)
- India (0.9K tons)
Bearing Imports in Thailand
In 2022, after three years of growth, there was significant decline in supplies from abroad of ball or roller bearings, when their volume decreased by -5.2% to 253K tons. Overall, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 673% against the previous year.
In value terms, bearing imports contracted slightly to $490M in 2022. The total import value increased at an average annual rate of +1.6% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, imports reached the peak of $513M, and then shrank modestly in the following year.
| Import of Bearing in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | 214 | 177 | 231 | 3.9% | |
| China | 105 | 90.8 | 115 | 4.7% | |
| Germany | 23.2 | 22.9 | 22.4 | -1.7% | |
| South Korea | 16.1 | 15.1 | 20.7 | 13.4% | |
| Indonesia | 10.6 | 11.4 | 15.2 | 19.7% | |
| Malaysia | 11.4 | 13.9 | 15.0 | 14.7% | |
| Taiwan (Chinese) | 11.0 | 9.1 | 14.1 | 13.2% | |
| United States | 13.2 | 10.9 | 11.1 | -8.3% | |
| Singapore | 9.1 | 8.1 | 10.4 | 6.9% | |
| India | 8.6 | 7.9 | 9.9 | 7.3% | |
| Others | 45.7 | 46.7 | 48.3 | 2.8% | |
| Total | 467 | 414 | 513 | 4.8% | |
Top Suppliers of Bearing to Thailand in 2022:
- Japan (21.6K tons)
- China (12.8K tons)
- South Korea (2.7K tons)
- Germany (1.9K tons)
- Indonesia (1.5K tons)
- Malaysia (1.3K tons)
- Taiwan (Chinese) (1.2K tons)
- Singapore (0.9K tons)
- India (0.8K tons)
- United States (0.5K tons)
This report provides an in-depth analysis of the 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
- 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:
- 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
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