CIS: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in CIS

The CIS spherical roller bearing market rose notably to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a measured expansion 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, consumption increased by X% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Spherical Roller Bearing Production in CIS

In value terms, spherical roller bearing production expanded rapidly to $X in 2022 estimated in export price. The total production indicated a slight expansion 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 increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Spherical Roller Bearing Exports

Exports in CIS

Spherical roller bearing exports rose remarkably to X tons in 2022, growing by X% compared with the year before. In general, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, spherical roller bearing exports skyrocketed to $X in 2022. Overall, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus represented the key exporter of spherical roller bearings in the CIS, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Kazakhstan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kazakhstan (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, Belarus ($X), Kazakhstan ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Kazakhstan, 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 a decline in the exports figures.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

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

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

Spherical Roller Bearing Imports

Imports in CIS

In 2022, purchases abroad of spherical roller bearings increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, spherical roller bearing imports reached $X in 2022. Total imports indicated a tangible 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, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Russia represented the key importer of spherical roller bearings in the CIS, with the volume of imports recording X tons, which was near X% of total imports in 2022. Kazakhstan (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%). The following importers - Uzbekistan (X tons) and Azerbaijan (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to spherical roller bearing imports into Russia stood at X%. At the same time, Uzbekistan (X%), Azerbaijan (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. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to X%. 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, falling by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Russia ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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