Kazakhstan: Roller Bearing Market 2024

Roller Bearing Market Size in Kazakhstan

In 2022, the Kazakh roller bearing market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, the total consumption indicated a prominent 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Roller Bearing Production in Kazakhstan

In value terms, roller bearing production reduced slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth 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 2020 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Roller Bearing Exports

Exports from Kazakhstan

In 2022, shipments abroad of roller bearings increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, exports recorded a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, roller bearing exports skyrocketed to $X in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, China (X tons) represented the main exporter of roller bearings, making up X% of total exports. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%), France (X%), Slovakia (X%) and the United States (X%). Italy (X tons), Vietnam (X tons), South Korea (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), Indonesia (X tons) and Austria (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to roller bearing exports from China stood at X%. At the same time, Indonesia (X%), Vietnam (X%), the United Arab Emirates (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Italy (X%), France (X%), Germany (X%), South Korea (X%), Hong Kong SAR (X%), the United States (X%) and Austria (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Singapore (X p.p.), France (X p.p.), Germany (X p.p.), Hong Kong SAR (X p.p.), the United States (X p.p.), South Korea (X p.p.) and Austria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing supplying countries from Kazakhstan were China ($X), Germany ($X) and Singapore ($X), together accounting for X% of total exports. Italy, the United States, Vietnam, France, Hong Kong SAR, Slovakia, South Korea, Austria, the United Arab Emirates and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw 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 Kazakhstan stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

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 ($X per ton), while Indonesia ($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.

Roller Bearing Imports

Imports into Kazakhstan

Roller bearing imports into Kazakhstan surged to X tons in 2022, growing by X% compared with the previous year's figure. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, roller bearing imports surged to $X in 2022. Overall, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons), followed by Germany (X tons) and Thailand (X tons) were the largest importers of roller bearings, together achieving X% of total imports. India (X tons), Italy (X tons), Nigeria (X tons), Canada (X tons), South Korea (X tons), Spain (X tons), France (X tons), Poland (X tons), Singapore (X tons) and Austria (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 Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Canada, Thailand, South Korea, Italy, France, Poland, Singapore, Austria, Spain and Nigeria lagged somewhat behind, together comprising a further X%.

Austria, 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

In 2022, the import price in Kazakhstan amounted to $X per ton, reducing by X% against the previous year. Overall, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 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 Canada ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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