Bangladesh: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Bangladesh

The Bangladeshi spherical roller bearing market shrank notably to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a remarkable increase. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Spherical Roller Bearing Exports

Exports from Bangladesh

In 2022, the amount of spherical roller bearings exported from Bangladesh shrank markedly to X kg, with a decrease of X% against 2021. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X kg, and then fell notably in the following year.

In value terms, spherical roller bearing exports dropped rapidly to $X in 2022. Over the period under review, exports, however, recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

China represented the major exporter of spherical roller bearings in the world, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by Sweden (X%), Japan (X%), Romania (X%) and Belgium (X%). Malaysia (X tons), France (X tons), the UK (X tons), Singapore (X tons), Italy (X tons), the United States (X tons) and Belarus (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2015 to 2022. At the same time, Belgium (X%), Malaysia (X%), Romania (X%), France (X%) and Italy (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2015-2022. Germany experienced a relatively flat trend pattern. By contrast, Japan (X%), Sweden (X%), Belarus (X%), the UK (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.), Belgium (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the global exports, while Germany, the United States, Singapore, Japan and Sweden saw its share reduced by X%, X%, X%, X% and X% from 2015 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Germany ($X) and China ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Japan, Belgium, the United States, Romania, Malaysia, the UK, France, Singapore, Italy and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Belgium, with a CAGR of X%, 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

The export price in Bangladesh stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price, however, saw a prominent increase. The pace of growth was the most pronounced in 2020 when the export price increased by X%. The Bangladesh export price peaked at $X per ton in 2021, and then reduced in the following year.

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 United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.

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Spherical Roller Bearing Imports

Imports into Bangladesh

Spherical roller bearing imports into Bangladesh reduced to X tons in 2022, dropping by X% on the year before. Overall, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2014 with an increase of X%. Bangladesh imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, spherical roller bearing imports declined dramatically to $X in 2022. In general, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Belgium (X tons), China (X tons), the United States (X tons), Germany (X tons), India (X tons), Russia (X tons), France (X tons), Brazil (X tons), Denmark (X tons), South Korea (X tons), Thailand (X tons) and Turkey (X tons) represented roughly X% of total imports in 2022. Italy (X tons) took a minor share of total imports.

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

In value terms, China ($X), the United States ($X) and Belgium ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. India, Germany, France, Brazil, Italy, South Korea, Russia, Turkey, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Bangladesh amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price faced a deep slump. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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