Japan: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Japan

In 2022, the Japanese needle roller bearing market decreased by X% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Japan consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Needle Roller Bearing Production in Japan

In value terms, needle roller bearing production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Needle Roller Bearing Exports

Exports from Japan

In 2022, the amount of needle roller bearings exported from Japan reduced to X tons, dropping by X% against the previous year. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. The Japan exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, needle roller bearing exports shrank to $X in 2022. Over the period under review, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The Japan exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons), distantly followed by Germany (X tons), Slovakia (X tons), France (X tons) and South Korea (X tons) were the largest exporters of needle roller bearings, together mixing up X% of total exports. The United States (X tons), Mexico (X tons), the Czech Republic (X tons), Romania (X tons), the Netherlands (X tons) and Singapore (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 main exporting countries, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest needle roller bearing supplying countries from Japan were Germany ($X), China ($X) and Slovakia ($X), with a combined X% share of total exports. The United States, France, South Korea, the Netherlands, the Czech Republic, Mexico, Singapore and Romania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, the Czech Republic, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Japan stood at $X per ton in 2022, waning by X% against the previous year. In general, the export price showed a mild setback. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The Japan export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 the United States ($X per ton), while Romania ($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.

Needle Roller Bearing Imports

Imports into Japan

In 2022, approx. X tons of needle roller bearings were imported into Japan; with a decrease of X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X tons, and then contracted slightly in the following year.

In value terms, needle roller bearing imports fell to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Germany (X tons), distantly followed by the United States (X tons) and Mexico (X tons) represented the major importers of needle roller bearings, together comprising X% of total imports. China (X tons), South Korea (X tons), Nigeria (X tons), Thailand (X tons), Brazil (X tons), France (X tons), Indonesia (X tons), Italy (X tons), Spain (X tons) and the Netherlands (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 key importing countries, was attained by Nigeria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest needle roller bearing importing markets into Japan were Germany ($X), the United States ($X) and Mexico ($X), with a combined X% share of total imports. China, South Korea, the Netherlands, Italy, Thailand, Brazil, France, Indonesia, Spain and Nigeria lagged somewhat behind, together comprising a further X%.

Nigeria, 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

In 2022, the import price in Japan amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Japan import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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