Eastern Asia: Tools For Bearing Market 2024

Tools For Bearing Market Size in Eastern Asia

In 2022, the East Asian tools for bearing market decreased by X% to $X, falling for the fourth year in a row after two years of growth. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Tools For Bearing Production in Eastern Asia

In value terms, tools for bearing production contracted to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Tools For Bearing Exports

Exports in Eastern Asia

Tools for bearing exports dropped modestly to X tons in 2022, remaining stable against the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, tools for bearing exports declined to $X in 2022. Over the period under review, exports, however, recorded a slight expansion. 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, and then dropped in the following year.

Exports by Country

In 2022, China (X tons) was the main exporter of balls, needles and rollers for ball or roller bearings, mixing up X% of total exports. It was distantly followed by Japan (X tons), making up an X% share of total exports. Taiwan (Chinese) (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the balls, needles and rollers for ball or roller bearings exports, with a CAGR of X% from 2012 to 2022. Japan (X%) and Taiwan (Chinese) (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tools for bearing supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the export price saw a slight shrinkage. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Tools For Bearing Imports

Imports in Eastern Asia

In 2022, approx. X tons of balls, needles and rollers for ball or roller bearings were imported in Eastern Asia; reducing by X% compared with the previous year's figure. 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 growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined in the following year.

In value terms, tools for bearing imports dropped 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 remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

South Korea was the largest importer of balls, needles and rollers for ball or roller bearings in Eastern Asia, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. China (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%) and Taiwan (Chinese) (X%).

South Korea was also the fastest-growing in terms of the balls, needles and rollers for ball or roller bearings imports, with a CAGR of X% from 2012 to 2022. At the same time, Taiwan (Chinese) (X%) and Japan (X%) displayed positive paces of growth. China experienced a relatively flat trend pattern. From 2012 to 2022, the share of South Korea increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

South Korea, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in Eastern Asia stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price recorded a mild slump. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :