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Asia-Pacific - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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Asia-Pacific: Bearing Market Overview 2021

Bearing Market Size in Asia-Pacific

In 2020, the Asia-Pacific bearing market decreased by -X% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% y-o-y. As a result, consumption reached the peak level of $X. from 2019 to 2020, the growth of the market failed to regain the momentum.

Bearing Production in Asia-Pacific

In value terms, bearing production dropped to $X in 2020 estimated in export prices. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. The level of production peaked at $X in 2018; however, from 2019 to 2020, production stood at a somewhat lower figure.

Production By Country in Asia-Pacific

The countries with the highest volumes of bearing production in 2020 were China (X tonnes), Japan (X tonnes) and Indonesia (X tonnes), together comprising X% of total production. These countries were followed by South Korea, Thailand and Malaysia, which together accounted for a further X 2007 to 2020, the biggest increases were in South Korea, while bearing production for the other leaders experienced more modest paces of growth.

Bearing Exports

Exports in Asia-Pacific

In 2020, overseas shipments of ball or roller bearings decreased by -X% to X tonnes for the first time since 2015, thus ending a four-year rising trend. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tonnes in 2019, and then dropped in the following year.

In value terms, bearing exports declined to $X in 2020. Total exports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2020, exports remained at a lower figure.

Exports by Country

In 2020, China (X tonnes) and Japan (X tonnes) were the main exporters of ball or roller bearings in Asia-Pacific, together making up X% of total exports. South Korea (X tonnes) ranks next in terms of the total exports with a X% share, followed by Singapore (X%). The following exporters - Thailand (X tonnes), India (X tonnes) and Hong Kong SAR (X tonnes) - together made up X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by India, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing supplying countries in Asia-Pacific were China ($X), Japan ($X) and Singapore ($X), together accounting for X% of total exports. These countries were followed by South Korea, Hong Kong SAR, Thailand and India, which together accounted for a further X the main exporting countries, India recorded 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 2020, the bearing export price in Asia-Pacific amounted to $X per tonne, picking up by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when the export price increased by X% year-to-year. The level of export peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Hong Kong SAR ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Bearing Imports

Imports in Asia-Pacific

In 2020, overseas purchases of ball or roller bearings decreased by -X% to X tonnes for the first time since 2016, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The volume of import peaked at X tonnes in 2019, and then declined in the following year.

In value terms, bearing imports shrank modestly to $X in 2020. The total import value increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 when imports increased by X% year-to-year. Over the period under review, imports reached the peak figure at $X in 2011; however, from 2012 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes) represented the major importer of ball or roller bearings, committing X% of total imports. It was distantly followed by South Korea (X tonnes), Indonesia (X tonnes), India (X tonnes), Singapore (X tonnes), Thailand (X tonnes) and Japan (X tonnes), together making up a X% share of total imports.

China was also the fastest-growing in terms of the ball or roller bearings imports, with a CAGR of +X% from 2007 to 2020. At the same time, Indonesia (+X%), India (+X%) and Thailand (+X%) displayed positive paces of growth. South Korea and Japan experienced a relatively flat trend pattern. By contrast, Singapore (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China, Indonesia and India increased by +X%, +X% and +X% percentage points, while Japan (-X p.p.), South Korea (-X p.p.) and Singapore (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, bearing imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: India (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2020, the bearing import price in Asia-Pacific amounted to $X per tonne, approximately reflecting the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 an increase of X% against the previous year. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ball or roller bearings in Asia-Pacific?
+
The countries with the highest volumes of bearing consumption in 2020 were China (918K tonnes), Japan (496K tonnes) and Indonesia (148K tonnes), together comprising 84% of total consumption. South Korea, Thailand, India and Malaysia lagged somewhat behind, together accounting for a further 11%.
What are the largest producers of ball or roller bearings in Asia-Pacific?
+
The countries with the highest volumes of bearing production in 2020 were China (1.1M tonnes), Japan (641K tonnes) and Indonesia (120K tonnes), together comprising 88% of total production. South Korea, Thailand and Malaysia lagged somewhat behind, together comprising a further 8.4%.
What are the leading exporters of ball or roller bearings in Asia-Pacific?
+
In value terms, China ($3.6B), Japan ($2.8B) and Singapore ($785M) constituted the countries with the highest levels of exports in 2020, with a combined 74% share of total exports. South Korea, Hong Kong SAR, Thailand and India lagged somewhat behind, together comprising a further 19%.
What are the leading importers of ball or roller bearings in Asia-Pacific?
+
In value terms, China ($3.5B) constitutes the largest market for imported ball or roller bearings in Asia-Pacific, comprising 42% of total imports. The second position in the ranking was occupied by India ($666M), with a 7.9% share of total imports. It was followed by South Korea, with a 7.7% share.
What is the average export price for ball or roller bearings in Asia-Pacific?
+
In 2020, the bearing export price in Asia-Pacific amounted to $17,504 per tonne, increasing by 1.9% against the previous year.
What is the average import price for ball or roller bearings in Asia-Pacific?
+
In 2020, the bearing import price in Asia-Pacific amounted to $17,460 per tonne, leveling off at the previous year.

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)

This report provides an in-depth analysis of the bearing market in Asia-Pacific. 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 2025.


Country coverage:
• Afghanistan
• American Samoa
• Bhutan
• Brunei Darussalam
• Cambodia
• Cook Islands
• Democratic People's Republic of Korea
• Fiji
• French Polynesia
• Guam
• Kiribati
• Lao People's Democratic Republic
• Macao SAR
• Maldives
• Marshall Islands
• Micronesia
• Nauru
• Nepal
• New Caledonia
• Niue
• Northern Mariana Islands
• Palau
• Papua New Guinea
• Samoa
• Solomon Islands
• Taiwan (Chinese)
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Wallis and Futuna Islands

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia-Pacific, split by region and country
• Trade (exports and imports) in Asia-Pacific
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Australia
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cook Islands
• Fiji
• French Polynesia
• India
• Indonesia
• Japan
• Kiribati
• Malaysia
• Maldives
• Marshall Islands
• Micronesia
• Myanmar
• Nepal
• New Caledonia
• New Zealand
• Northern Mariana Islands
• Pakistan
• Palau
• Papua New Guinea
• Philippines
• Samoa
• Singapore
• Solomon Islands
• South Korea
• Sri Lanka
• Taiwan (Chinese)
• Thailand
• Timor-Leste
• Tokelau
• Tonga
• Tuvalu
• Vanuatu
• Viet Nam
• Wallis and Futuna Islands
• Lao People's Democratic Republic
• American Samoa
• Democratic People's Republic of Korea
• Nauru
• Niue
• Guam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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