China - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNeedle Roller Bearing Price in China - 2023
Contents:
- Needle Roller Bearing Price in China (FOB) - 2023
- Needle Roller Bearing Price in China (CIF) - 2023
- Needle Roller Bearing Exports in China
- Needle Roller Bearing Imports in China
Needle Roller Bearing Price in China (FOB) - 2023
In August 2023, the export price in China amounted to $13,629 per ton, growing by 6.8% against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 9% month-to-month. Over the period under review, the export prices reached the maximum at $17,014 per ton in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($26,963 per ton), while the Philippines ($7,500 per ton) was amongst the lowest.
From September 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Iran (+5.7%), while the other leaders experienced more modest paces of growth.
Needle Roller Bearing Price in China (CIF) - 2023
The import price in China stood at $39,231 per ton in September 2023, surging by 13% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 23% month-to-month. As a result, import price reached the peak level of $47,067 per ton. From December 2022 to September 2023, the import prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($165K per ton), while France ($17,025 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 the United States (+7.5%), while the other leaders experienced more modest paces of growth.
Needle Roller Bearing Exports in China
In 2022, after three years of growth, there was decline in shipments abroad of needle roller bearings, when their volume decreased by -0.3% to 14K tons. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 78%. As a result, the exports reached the peak of 14K tons, leveling off in the following year.
In value terms, needle roller bearing exports contracted modestly to $211M in 2022. The total export value increased at an average annual rate of +7.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 35%. As a result, the exports reached the peak of $220M, and then fell slightly in the following year.
Export of Needle Roller Bearing in China (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 256 | 234 | 278 | 285 | 3.6% |
Japan | 265 | 212 | 268 | 230 | -4.6% |
Slovakia | 82.7 | 67.3 | 83.3 | 126 | 15.1% |
United States | 120 | 105 | 130 | 125 | 1.4% |
France | 63.8 | 58.1 | 66.2 | 56.1 | -4.2% |
South Korea | 47.7 | 42.6 | 60.7 | 55.0 | 4.9% |
Netherlands | 37.8 | 28.1 | 33.8 | 35.4 | -2.2% |
Czech Republic | 27.1 | 20.0 | 19.5 | 25.8 | -1.6% |
Mexico | 15.4 | 13.4 | 23.1 | 25.8 | 18.8% |
Taiwan (Chinese) | 17.6 | 19.4 | 22.5 | 20.9 | 5.9% |
Romania | 15.2 | 10.2 | 13.7 | 13.4 | -4.1% |
Others | -780.1 | -647.2 | -778.3 | -786.4 | 0.3% |
Total | 169 | 163 | 220 | 211 | 7.7% |
Top Export Markets for Needle Roller Bearing from China in 2022:
- Japan (8.8K tons)
- Germany (8.1K tons)
- Slovakia (7.3K tons)
- France (3.4K tons)
- South Korea (2.4K tons)
- United States (1.9K tons)
- Mexico (1.8K tons)
- Czech Republic (1.6K tons)
- Romania (1.5K tons)
- Netherlands (1.0K tons)
- Taiwan (Chinese) (0.7K tons)
Needle Roller Bearing Imports in China
In 2022, overseas purchases of needle roller bearings decreased by -12.6% to 2.9K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 3.4K tons, and then declined in the following year.
In value terms, needle roller bearing imports fell to $123M in 2022. The total import value increased at an average annual rate of +7.1% from 2019 to 2022; 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 32% against the previous year. As a result, imports attained the peak of $132M, and then shrank in the following year.
Import of Needle Roller Bearing in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 199 | 163 | 188 | 209 | 1.6% |
United States | 157 | 119 | 161 | 161 | 0.8% |
Mexico | 129 | 110 | 132 | 133 | 1.0% |
South Korea | 77.6 | 67.9 | 77.6 | 66.8 | -4.9% |
Netherlands | 44.1 | 34.9 | 38.4 | 44.6 | 0.4% |
Japan | 47.4 | 39.9 | 51.0 | 43.8 | -2.6% |
Italy | 43.4 | 33.6 | 38.3 | 42.8 | -0.5% |
Thailand | 41.2 | 37.2 | 47.8 | 42.3 | 0.9% |
Brazil | 33.8 | 27.0 | 37.9 | 40.1 | 5.9% |
Nigeria | 0.7 | 3.8 | 14.4 | 39.8 | 284.5% |
France | 48.4 | 37.4 | 41.4 | 38.5 | -7.3% |
Canada | 25.0 | 19.2 | 25.3 | 38.0 | 15.0% |
Indonesia | 31.2 | 20.6 | 32.8 | 32.9 | 1.8% |
Others | -777.0 | -612.3 | -755.0 | -810.5 | 1.4% |
Total | 100 | 100 | 132 | 123 | 7.1% |
Top Suppliers of Needle Roller Bearing to China in 2022:
- Germany (13.3K tons)
- United States (8.4K tons)
- Mexico (6.0K tons)
- Nigeria (2.6K tons)
- Indonesia (2.3K tons)
- South Korea (2.3K tons)
- Brazil (1.9K tons)
- Thailand (1.9K tons)
- France (1.8K tons)
- Japan (1.7K tons)
- Netherlands (1.5K tons)
- Italy (1.5K tons)
- Canada (1.4K tons)
This report provides an in-depth analysis of the needle roller 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 28151070 - Needle 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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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.
In value terms, needle roller bearing exports soared to $19M in March 2023.
In terms of value, exports of Bearing decreased to $420M in June 2023.
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.
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.
In value terms, cylindrical roller bearing imports rose modestly to $59M in April 2023.
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.
In April 2023, the roller bearing price stood at $6,407 per ton (FOB, China), increasing by 3.7% against the previous month.
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.
In value terms, tapered roller bearing imports reduced to $39M in March 2023.