South-Eastern Asia: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in South-Eastern Asia

The Southeast Asian market for bearing housings incorporating ball or roller bearings dropped modestly to $X in 2022, falling by X% against the previous year. The total consumption indicated a noticeable 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 decreased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in South-Eastern Asia

In value terms, bearing housing with ball bearing production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in South-Eastern Asia

In 2022, exports of bearing housings incorporating ball or roller bearings in South-Eastern Asia skyrocketed to X tons, rising by X% on the year before. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, bearing housing with ball bearing exports surged to $X in 2022. Over the period under review, exports posted a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Vietnam was the key exporter of bearing housings incorporating ball or roller bearings in South-Eastern Asia, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%) and Thailand (X%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bearing housing with ball bearing exports from Vietnam stood at X%. At the same time, the Philippines (X%), Thailand (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, the Philippines 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 Vietnam (X p.p.), Thailand (X p.p.), the Philippines (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics.

In value terms, Vietnam ($X) remains the largest bearing housing with ball bearing supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Singapore ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

In Vietnam, bearing housing with ball bearing exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price, however, saw a slight contraction. The growth pace was the most rapid in 2020 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 2021 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Thailand ($X per ton) and the Philippines ($X per ton), while Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in South-Eastern Asia

In 2022, supplies from abroad of bearing housings incorporating ball or roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports showed a noticeable expansion. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, bearing housing with ball bearing imports rose significantly to $X in 2022. Overall, imports saw a slight expansion. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons) and Thailand (X tons) represented the largest importers of bearing housings incorporating ball or roller bearings in South-Eastern Asia, together comprising X% of total imports. It was distantly followed by Malaysia (X tons), Singapore (X tons), the Philippines (X tons) and Vietnam (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Thailand, the Philippines and Vietnam lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw 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 import price in South-Eastern Asia stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price recorded a perceptible descent. The pace of growth was the most pronounced in 2019 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Vietnam ($X per ton), while Indonesia ($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 Philippines (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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