CIS: Bearing Market 2024

Bearing Market Size in CIS

In 2022, the CIS bearing market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Bearing Production in CIS

In value terms, bearing production reduced to $X in 2022 estimated in export price. Overall, production, however, faced a abrupt downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Bearing Exports

Exports in CIS

In 2022, overseas shipments of ball or roller bearings decreased by X% to X tons, falling for the third year in a row after three years of growth. In general, exports recorded a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, bearing exports stood at $X in 2022. Overall, exports showed a noticeable setback. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan was the major exporting country with an export of around X tons, which reached X% of total exports. Russia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Belarus (X%). Uzbekistan (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Kazakhstan ($X) emerged as the largest bearing supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Belarus, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan was relatively modest. In the other countries, the average annual rates were as follows: Russia (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, jumping by X% against the previous year. Export price indicated perceptible growth from 2012 to 2022: its price 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, bearing export price increased by X% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Bearing Imports

Imports in CIS

In 2022, supplies from abroad of ball or roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, bearing imports fell modestly 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. Kazakhstan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%). Uzbekistan (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia, Kazakhstan and Uzbekistan increased by X, X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported ball or roller bearings in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with an X% share.

In Russia, bearing imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, declining by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 Uzbekistan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :