India: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in India

In 2022, the Indian tapered roller bearing market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. The market 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 in certain years. India consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Tapered Roller Bearing Production in India

In value terms, tapered roller bearing production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. India production peaked at $X in 2019; afterwards, it flattened through to 2022.

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Tapered Roller Bearing Exports

Exports from India

In 2022, approx. X tons of tapered roller bearings were exported from India; picking up by X% against the previous year's figure. Over the period under review, exports showed strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, tapered roller bearing exports expanded sharply to $X in 2022. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The India exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China was the main exporting country with an export of about X tons, which reached X% of total exports. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%), Romania (X%), France (X%) and Austria (X%). The following exporters - South Korea (X tons), Poland (X tons), the United States (X tons), the Netherlands (X tons), Singapore (X tons), Italy (X tons) and Hungary (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, Romania (X%), South Korea (X%), Singapore (X%), the Netherlands (X%), Poland (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Hungary, Japan and France experienced a relatively flat trend pattern. By contrast, Austria (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Romania and South Korea 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, Germany ($X), China ($X) and the United States ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Japan, France, Romania, Austria, South Korea, Poland, Singapore, the Netherlands, Italy and Hungary lagged somewhat behind, together comprising a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of 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 India amounted to $X per ton, shrinking by X% against the previous year. In general, the export price showed a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. The India export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

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

Tapered Roller Bearing Imports

Imports into India

In 2022, overseas purchases of tapered roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. India imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, tapered roller bearing imports totaled $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons) and the United States (X tons) represented roughly X% of total imports in 2022. China (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%), France (X%) and Mexico (X%). Italy (X tons), Sweden (X tons), Turkey (X tons), Australia (X tons), Russia (X tons), the Netherlands (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing importing markets into India were Germany ($X), the United States ($X) and China ($X), with a combined X% share of total imports. France, Mexico, Brazil, Italy, Australia, Sweden, Russia, Turkey, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, recorded 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 India stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a noticeable setback. The pace of growth appeared the most rapid in 2019 an increase of X%. India import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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