South-Eastern Asia: Tools For Bearing Market 2024

Tools For Bearing Market Size in South-Eastern Asia

In 2022, after two years of growth, there was decline in the Southeast Asian tools for bearing market, when its value decreased by X% to $X. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Tools For Bearing Production in South-Eastern Asia

In value terms, tools for bearing production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tools For Bearing Exports

Exports in South-Eastern Asia

In 2022, the amount of balls, needles and rollers for ball or roller bearings exported in South-Eastern Asia declined modestly to X tons, almost unchanged from 2021. Total exports indicated a resilient increase from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tools for bearing exports expanded remarkably to $X in 2022. The total export value 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Indonesia was the largest exporter of balls, needles and rollers for ball or roller bearings in South-Eastern Asia, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Thailand (X tons) held the second position in the ranking, followed by Malaysia (X tons), Vietnam (X tons) and Singapore (X tons). All these countries together held near X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tools for bearing exports from Indonesia stood at X%. At the same time, Vietnam (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of Indonesia (X p.p.), Malaysia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest tools for bearing supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

In Thailand, tools for bearing exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, growing by X% against the previous year. Overall, the export price, however, recorded a perceptible descent. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

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

Tools For Bearing Imports

Imports in South-Eastern Asia

In 2022, the amount of balls, needles and rollers for ball or roller bearings imported in South-Eastern Asia fell to X tons, approximately equating the previous year. Over the period under review, imports, however, showed 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 hit record highs at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tools for bearing imports dropped slightly to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) was the major importer of balls, needles and rollers for ball or roller bearings, comprising X% of total imports. Malaysia (X tons) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%), Vietnam (X%), Indonesia (X%) and Singapore (X%). Myanmar (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 Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tools for bearing importing markets in South-Eastern Asia were Thailand ($X), Malaysia ($X) and Vietnam ($X), together accounting for X% of total imports. The Philippines, Singapore, Indonesia and Myanmar lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Philippines, 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

In 2022, the import price in South-Eastern Asia amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped modestly in the following year.

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

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

Source: IndexBox Platform

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