China - Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoller Bearing Price in China - 2023
Contents:
- Roller Bearing Price in China (FOB) - 2023
- Roller Bearing Price in China (CIF) - 2022
- Roller Bearing Exports in China
- Roller Bearing Imports in China
Roller Bearing Price in China (FOB) - 2023
In September 2023, the export price in China amounted to $5,996 per ton, approximately mirroring the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 5.1% against the previous month. The China export price peaked at $6,932 per ton in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In September 2023, the country with the highest price was Iran ($9,744 per ton), while Turkey ($4,075 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 Iran (+4.1%), while the other leaders experienced more modest paces of growth.
Roller Bearing Price in China (CIF) - 2022
In 2022, the import price in China amounted to $85,381 per ton, rising by 44% against the previous year. In general, the import price saw a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($56,035 per ton), while Thailand ($352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+12.8%), while the other leaders experienced more modest paces of growth.
Roller Bearing Exports in China
In 2022, approx. 39K tons of roller bearings were exported from China; rising by 8.4% compared with the previous year's figure. The total export volume increased at an average annual rate of +8.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, roller bearing exports skyrocketed to $248M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.1% 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 +58.1% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 35%. The China exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Roller Bearing in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 164 | 130 | 179 | 157 | -1.4% |
| Singapore | 158 | 150 | 186 | 155 | -0.6% |
| Italy | 101 | 87.5 | 110 | 105 | 1.3% |
| France | 90.3 | 73.2 | 91.9 | 72.3 | -7.1% |
| Hong Kong SAR | 49.9 | 58.6 | 48.5 | 46.9 | -2.0% |
| Vietnam | 79.7 | 75.2 | 8.7 | 41.9 | -19.3% |
| Slovakia | 48.3 | 36.9 | 47.0 | 40.8 | -5.5% |
| Japan | 27.5 | 24.1 | 39.4 | 29.5 | 2.4% |
| South Korea | 34.2 | 25.9 | 31.3 | 28.6 | -5.8% |
| Taiwan (Chinese) | 19.4 | 20.0 | 27.6 | 23.8 | 7.1% |
| Poland | 15.3 | 13.5 | 19.7 | 20.2 | 9.7% |
| Turkey | 10.6 | 10.4 | 12.3 | 18.4 | 20.2% |
| Indonesia | 2.4 | 1.9 | 2.4 | 5.9 | 35.0% |
| Others | -629.7 | -550.7 | -591.4 | -496.4 | -7.6% |
| Total | 171 | 157 | 212 | 248 | 13.2% |
Top Export Markets for Roller Bearing from China in 2022:
- Singapore (10.7K tons)
- Germany (5.5K tons)
- France (5.4K tons)
- Slovakia (4.2K tons)
- Italy (3.4K tons)
- South Korea (2.3K tons)
- Indonesia (1.8K tons)
- Hong Kong SAR (1.2K tons)
- Turkey (1.1K tons)
- Taiwan (Chinese) (1.1K tons)
- Poland (1.1K tons)
- Vietnam (0.9K tons)
- Japan (0.9K tons)
Roller Bearing Imports in China
In 2022, purchases abroad of roller bearings decreased by -44.7% to 1.1K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 55% against the previous year. As a result, imports reached the peak of 2.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, roller bearing imports fell markedly to $96M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 11%. As a result, imports reached the peak of $120M, and then reduced rapidly in the following year.
| Import of Roller Bearing in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 88.8 | 67.3 | 83.0 | 157 | 20.9% |
| Germany | 125 | 105 | 131 | 133 | 2.1% |
| India | 94.1 | 81.7 | 120 | 121 | 8.7% |
| Thailand | 65.5 | 56.9 | 66.6 | 63.5 | -1.0% |
| Spain | 33.5 | 24.2 | 24.6 | 25.9 | -8.2% |
| Nigeria | 7.2 | 19.9 | 11.0 | 9.2 | 8.5% |
| Others | -315.6 | -246.5 | -315.8 | -413.1 | 9.4% |
| Total | 98.5 | 109 | 120 | 95.8 | -0.9% |
Top Suppliers of Roller Bearing to China in 2022:
- Thailand (180.4K tons)
- Indonesia (17.1K tons)
- Germany (6.8K tons)
- India (5.2K tons)
- Spain (2.3K tons)
- Nigeria (1.8K tons)
This report provides an in-depth analysis of the 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 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 roller 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 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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This report provides an in-depth analysis of the bearing market in China.
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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.
361
In terms of value, exports of Bearing decreased to $420M in June 2023.
74
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 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.
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In value terms, tapered roller bearing imports reduced to $39M in March 2023.
