Asia: Roller Bearing Market 2024

Roller Bearing Market Size in Asia

The Asian roller bearing market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, saw a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Roller Bearing Production in Asia

In value terms, roller bearing production expanded slightly to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Roller Bearing Exports

Exports in Asia

For the fourth year in a row, Asia recorded growth in overseas shipments of roller bearings, which increased by X% to X tons in 2022. Overall, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, roller bearing exports totaled $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporter of roller bearings in Asia, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Singapore (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%). South Korea (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons) and Indonesia (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), Vietnam (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.), Vietnam (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore, Hong Kong SAR and South Korea saw its share reduced by 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 ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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, with a decrease of X% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

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 Hong Kong SAR ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Roller Bearing Imports

Imports in Asia

In 2022, purchases abroad of roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, roller bearing imports declined slightly to $X in 2022. Overall, imports, however, continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Thailand (X tons), India (X tons) and South Korea (X tons) represented the main importers of roller bearings, together comprising X% of total imports. Singapore (X tons), Turkey (X tons), Hong Kong SAR (X tons), Malaysia (X tons), Saudi Arabia (X tons), China (X tons), the United Arab Emirates (X tons), Vietnam (X tons) and Kazakhstan (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets in Asia were India ($X), Indonesia ($X) and China ($X), with a combined X% share of total imports. Thailand, South Korea, Hong Kong SAR, Singapore, Malaysia, Turkey, Vietnam, Saudi Arabia, the United Arab Emirates and Kazakhstan lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Kazakhstan, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price showed a slight curtailment. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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