Asia: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Asia

The Asian cylindrical roller bearing market contracted to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Cylindrical Roller Bearing Production in Asia

In value terms, cylindrical roller bearing production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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Cylindrical Roller Bearing Exports

Exports in Asia

In 2022, shipments abroad of cylindrical roller bearings increased by X% to X tons, rising for the sixth year in a row after two years of decline. Total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, cylindrical roller bearing exports contracted to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced slightly in the following year.

Exports by Country

China (X tons) and Japan (X tons) dominates exports structure, together making up X% of total exports. Kazakhstan (X tons) ranks next in terms of the total exports with a X% share, followed by Hong Kong SAR (X%). India (X tons) and South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Hong Kong SAR, India and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, South Korea, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports in Asia

After three years of growth, overseas purchases of cylindrical roller bearings decreased by X% to X tons in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, cylindrical roller bearing imports reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

China was the key importer of cylindrical roller bearings in Asia, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Thailand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%), Turkey (X%) and Indonesia (X%). India (X tons), Hong Kong SAR (X tons), Singapore (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cylindrical roller bearing imports into China stood at X%. At the same time, Thailand (X%), Hong Kong SAR (X%), India (X%), Indonesia (X%), Japan (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. South Korea experienced a relatively flat trend pattern. By contrast, Singapore (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), Singapore, South Korea and China saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported cylindrical roller bearings in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by India, with a X% share.

In China, cylindrical roller bearing imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a slight setback. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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