CIS: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in CIS

After two years of growth, shipments abroad of bearing housings incorporating ball or roller bearings decreased by X% to X tons in 2022. Overall, exports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, bearing housing with ball bearing exports declined rapidly to $X in 2022. Over the period under review, exports, however, showed notable growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

Belarus (X tons) and Russia (X tons) represented roughly X% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), generating a X% share of total exports. Azerbaijan (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 leading exporting countries, was attained by Azerbaijan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Russia ($X) and Kazakhstan ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Azerbaijan lagged somewhat behind, accounting for a further X%.

Azerbaijan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 the CIS amounted to $X per ton, growing by X% against the previous year. Export price indicated pronounced 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 housing with ball bearing export price increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Azerbaijan ($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 a decline in the export price figures.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in CIS

In 2022, overseas purchases of bearing housings incorporating ball or roller bearings increased by X% to X tons, rising for the seventh year in a row after three years of decline. Overall, imports posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, bearing housing with ball bearing imports fell to $X in 2022. Over the period under review, imports recorded a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Russia was the key importer of bearing housings incorporating ball or roller bearings in the CIS, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. It was distantly followed by Belarus (X tons), achieving an X% share of total imports. Kazakhstan (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to bearing housing with ball bearing imports into Russia stood at X%. At the same time, Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Russia (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Belarus (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($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 a decline in the import price figures.

Source: IndexBox Platform

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