China - Spherical Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpherical Roller Bearing Price in China - 2023
Contents:
- Spherical Roller Bearing Price in China (CIF) - 2023
- Spherical Roller Bearing Price in China (FOB) - 2022
- Spherical Roller Bearing Imports in China
- Spherical Roller Bearing Exports in China
Spherical Roller Bearing Price in China (CIF) - 2023
In September 2023, the import price in China amounted to $12,733 per ton, declining by -13.9% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the import price increased by 7.8% m-o-m. Over the period under review, import prices hit record highs at $15,145 per ton in May 2023; however, from June 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($26,744 per ton), while Romania ($8,756 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 Sweden (+3.5%), while the other leaders experienced more modest paces of growth.
Spherical Roller Bearing Price in China (FOB) - 2022
In 2022, the export price in China amounted to $6,223 per ton, declining by -13.6% against the previous year. In general, the export price saw a deep contraction. The growth pace was the most rapid in 2014 when the export price increased by 12% against the previous year. As a result, the export price reached the peak level of $22,536 per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($26,234 per ton), while Thailand ($5,462 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+1.9%), while the other leaders experienced more modest paces of growth.
Spherical Roller Bearing Imports in China
In 2022, supplies from abroad of spherical roller bearings decreased by -18.6% to 17K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -27.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 46% against the previous year. As a result, imports attained the peak of 24K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, spherical roller bearing imports declined markedly to $247M in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 33%. As a result, imports attained the peak of $325M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Spherical Roller Bearing in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 224 | 170 | 182 | 231 | 1.0% |
| India | 120 | 85.1 | 141 | 155 | 8.9% |
| Germany | 123 | 112 | 134 | 144 | 5.4% |
| France | 90.6 | 78.5 | 93.9 | 103 | 4.4% |
| Brazil | 48.5 | 44.0 | 72.4 | 81.6 | 18.9% |
| Italy | 74.3 | 54.6 | 72.4 | 70.8 | -1.6% |
| South Korea | 75.6 | 68.7 | 75.4 | 69.8 | -2.6% |
| Turkey | 35.4 | 41.6 | 50.6 | 68.6 | 24.7% |
| Singapore | 122 | 116 | 97.0 | 68.2 | -17.6% |
| Canada | 51.3 | 40.4 | 44.0 | 62.6 | 6.9% |
| Russia | 56.3 | 51.8 | 55.2 | 53.5 | -1.7% |
| Denmark | 72.2 | 64.2 | 81.2 | 50.9 | -11.0% |
| Thailand | 33.5 | 31.4 | 30.8 | 33.4 | -0.1% |
| Others | -883.8 | -633.5 | -824.2 | -944.7 | 2.2% |
| Total | 244 | 325 | 306 | 247 | 0.4% |
Top Suppliers of Spherical Roller Bearing to China in 2022:
- United States (11.8K tons)
- Germany (10.1K tons)
- India (9.3K tons)
- Russia (7.2K tons)
- France (6.8K tons)
- Brazil (6.6K tons)
- Denmark (6.3K tons)
- South Korea (5.7K tons)
- Thailand (5.2K tons)
- Turkey (5.0K tons)
- Italy (4.3K tons)
- Singapore (4.2K tons)
- Canada (3.6K tons)
Spherical Roller Bearing Exports in China
For the fourth consecutive year, China recorded growth in overseas shipments of spherical roller bearings, which increased by 31% to 45K tons in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 58%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.
In value terms, spherical roller bearing exports expanded notably to $280M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +58.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 41% against the previous year. The China exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Spherical Roller Bearing in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 316 | 328 | 377 | 358 | 4.2% |
| Germany | 318 | 379 | 418 | 339 | 2.2% |
| Japan | 244 | 215 | 219 | 223 | -3.0% |
| Romania | 109 | 56.8 | 54.9 | 111 | 0.6% |
| United Kingdom | 128 | 84.8 | 38.5 | 95.7 | -9.2% |
| France | 81.4 | 75.4 | 92.1 | 93.1 | 4.6% |
| Malaysia | 55.6 | 54.5 | 87.5 | 71.0 | 8.5% |
| Singapore | 149 | 128 | 118 | 63.9 | -24.6% |
| Italy | 53.7 | 36.1 | 43.4 | 50.1 | -2.3% |
| Netherlands | 38.8 | 37.8 | 45.9 | 48.2 | 7.5% |
| Czech Republic | 24.4 | 28.9 | 30.8 | 22.6 | -2.5% |
| Belarus | 16.4 | 14.6 | 15.4 | 16.5 | 0.2% |
| Thailand | 22.3 | 17.0 | 9.2 | 12.3 | -18.0% |
| Others | -1,345.7 | -1,278.5 | -1,301.6 | -1,224.8 | -3.1% |
| Total | 210 | 177 | 248 | 280 | 10.1% |
Top Export Markets for Spherical Roller Bearing from China in 2022:
- Germany (19.6K tons)
- Sweden (19.4K tons)
- Japan (18.4K tons)
- Romania (11.5K tons)
- France (4.7K tons)
- Malaysia (3.8K tons)
- United Kingdom (3.6K tons)
- Singapore (3.5K tons)
- Italy (2.7K tons)
- Belarus (2.3K tons)
- Thailand (2.3K tons)
- Netherlands (2.1K tons)
- Czech Republic (1.9K tons)
This report provides an in-depth analysis of the spherical 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 28151055 - Spherical 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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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.
351
In terms of value, exports of Bearing decreased to $420M in June 2023.
40
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.
392
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.
314
In value terms, cylindrical roller bearing imports rose modestly to $59M in April 2023.
131
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.
351
In value terms, needle roller bearing exports soared to $19M in March 2023.
141
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.
255
In April 2023, the roller bearing price stood at $6,407 per ton (FOB, China), increasing by 3.7% against the previous month.
210
In value terms, tapered roller bearing imports reduced to $39M in March 2023.
