Report Republic of Korea - Cylindrical Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Aug 14, 2022

Republic of Korea - Cylindrical Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Cylindrical Roller Bearing Market 2022

Cylindrical Roller Bearing Market Size in Republic of Korea

For the third consecutive year, the South Korean cylindrical roller bearing market recorded growth in sales value, which increased by X% to $X in 2021. In general, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports from Republic of Korea

In 2021, after two years of decline, there was significant growth in shipments abroad of cylindrical roller bearings, when their volume increased by X% to X tons. In general, exports continue to indicate strong growth. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing exports surged to $X in 2021. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Mexico (X tons) and the United States (X tons) were the main destinations of cylindrical roller bearing exports from South Korea, with a combined X% share of total exports. India, Vietnam, Croatia, South Africa, Turkey, Australia, Canada, the Netherlands and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Croatia (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for cylindrical roller bearing exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+X% per year) and India (+X% per year).

Export Prices by Country

The average cylindrical roller bearing export price stood at $X per ton in 2021, which is down by -X% against the previous year. In general, the export price saw a slight contraction. The pace of growth was the most pronounced in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020, and then fell significantly in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Republic of Korea

In 2021, approx. X tons of cylindrical roller bearings were imported into South Korea; surging by X% on the previous year's figure. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, cylindrical roller bearing imports expanded rapidly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), China (X tons) and Germany (X tons) were the main suppliers of cylindrical roller bearing imports to South Korea, together comprising X% of total imports. Romania, Taiwan (Chinese), the United States and Slovakia lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and China ($X) constituted the largest cylindrical roller bearing suppliers to South Korea, with a combined X% share of total imports. Romania, the United States, Slovakia and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X the main suppliers, Romania, with a CAGR of +X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cylindrical roller bearing import price stood at $X per ton in 2021, falling by -X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for cylindrical roller bearings in the world?
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The country with the largest volume of cylindrical roller bearing consumption was China, comprising approx. 25% of total volume. Moreover, cylindrical roller bearing consumption in China exceeded the figures recorded by the second-largest consumer, Russia, threefold. The third position in this ranking was held by India, with an 8.3% share.
What are the largest producers of cylindrical roller bearings in the world?
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The countries with the highest volumes of in 2021 were China, Germany and Japan, together comprising 48% of global production. These countries were followed by India, Romania, the United States, Slovakia, Brazil, Kazakhstan, Malaysia, Turkey, Italy and Canada, which together accounted for a further 40%.
What are the leading suppliers of cylindrical roller bearings to Republic of Korea?
+
In value terms, Japan, Germany and China constituted the largest cylindrical roller bearing suppliers to South Korea, with a combined 76% share of total imports. Romania, the United States, Slovakia and Taiwan Chinese) lagged somewhat behind, together accounting for a further 18%.
What are the leading importers of cylindrical roller bearings from Republic of Korea?
+
In value terms, China remains the key foreign market for cylindrical roller bearing exports from South Korea, comprising 29% of total exports. The second position in the ranking was held by Mexico, with an 11% share of total exports. It was followed by India, with a 9% share.
What is the average export price for cylindrical roller bearings in Republic of Korea?
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In 2021, the average cylindrical roller bearing export price amounted to $18,855 per ton, shrinking by -18.7% against the previous year.
What is the average import price for cylindrical roller bearings in Republic of Korea?
+
The average cylindrical roller bearing import price stood at $22,437 per ton in 2021, with a decrease of -2.2% against the previous year.

This report provides an in-depth analysis of the cylindrical roller bearing market in Republic of Korea. 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 2030.


Product coverage:
• Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
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

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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