Latest Report Update: Oct 26, 2021

Eastern Asia - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Eastern Asia: Bearing Market Overview 2021

Bearing Market Size in Eastern Asia

In 2020, the East Asian bearing market decreased by -X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. The level of consumption peaked at $X in 2018; however, from 2019 to 2020, consumption failed to regain the momentum.

Bearing Production in Eastern Asia

In value terms, bearing production reduced modestly to $X in 2020 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Production By Country in Eastern Asia

The countries with the highest volumes of bearing production in 2020 were China (X tonnes), Japan (X tonnes) and South Korea (X tonnes), with a combined X% share of total production.

From 2007 to 2020, the most notable rate of growth in terms of bearing production, amongst the key producing countries, was attained by South Korea, while bearing production for the other leaders experienced more modest paces of growth.

Bearing Exports

Exports in Eastern Asia

In 2020, after four years of growth, there was significant decline in shipments abroad of ball or roller bearings, when their volume decreased by -X% to X tonnes. Total exports indicated a notable expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. The volume of export peaked at X tonnes in 2019, and then contracted in the following year.

In value terms, bearing exports shrank to $X in 2020. Total exports indicated a notable expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2018; however, from 2019 to 2020, exports failed to regain the momentum.

Exports by Country

China (X tonnes) and Japan (X tonnes) were the major exporters of ball or roller bearings in 2020, resulting at approx. X% and X% of total exports, respectively. It was distantly followed by South Korea (X tonnes), committing a X% share of total exports. The following exporters - Hong Kong SAR (X tonnes) and Taiwan (Chinese) (X tonnes) - together made up X% of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China, while exports for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), Japan ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2020, with a combined X% share of total exports.

China recorded the highest growth rate of 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 2020, the bearing export price in Eastern Asia amounted to $X per tonne, picking up by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2009 an increase of X% against the previous year. Over the period under review, export prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Hong Kong SAR ($X per tonne), while South Korea ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Bearing Imports

Imports in Eastern Asia

In 2020, purchases abroad of ball or roller bearings increased by X% to X tonnes, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2020 and are expected to retain growth in years to come.

In value terms, bearing imports amounted to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2010 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at $X in 2011; however, from 2012 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, China (X tonnes) represented the major importer of ball or roller bearings, achieving X% of total imports. South Korea (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by Japan (X%) and Hong Kong SAR (X%). Taiwan (Chinese) (X tonnes) followed a long way behind the leaders.

China was also the fastest-growing in terms of the ball or roller bearings imports, with a CAGR of +X% from 2007 to 2020. South Korea and Japan experienced a relatively flat trend pattern. Hong Kong SAR (-X%) and Taiwan (Chinese) (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of China increased by +X% percentage points, while Japan (-X p.p.), Taiwan (Chinese) (-X p.p.), South Korea (-X p.p.) and Hong Kong SAR (-X p.p.) saw their share reduced.

In value terms, China ($X) constitutes the largest market for imported ball or roller bearings in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in China amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2020, the bearing import price in Eastern Asia amounted to $X per tonne, remaining stable against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when the import price increased by X% year-to-year. As a result, import price attained the peak level of $X per tonne. from 2013 to 2020, the growth in terms of the import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Taiwan (Chinese) ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Product coverage:
• Prodcom 28151030 - Ball bearings
• Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
• Prodcom 28151055 - Spherical roller bearings
• Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
• Prodcom 28151070 - Needle roller bearings
• Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)

This report provides an in-depth analysis of the bearing market in Eastern Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Democratic People's Republic of Korea
• Macao SAR
• Taiwan (Chinese)

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2015–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

Biodiesel Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global biodiesel market.



Monday, December 20th, 2021 @ 04:00 pm ET


Register

Biogas Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET

Wind Energy Market: Getting to Net-Zero amid Energy Crisis



Join our live webinar to get insights into the global wind energy market.



Thursday, November 11th, 2021 @ 04:00 pm ET

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data