South-Eastern Asia: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in South-Eastern Asia

The Southeast Asian needle roller bearing market reduced to $X in 2022, declining by X% against the previous year. In general, consumption recorded a mild curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Needle Roller Bearing Production in South-Eastern Asia

In value terms, needle roller bearing production shrank slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Needle Roller Bearing Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of needle roller bearings increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, needle roller bearing exports rose markedly to $X in 2022. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) and Thailand (X tons) represented the main exporters of needle roller bearings in 2022, recording near X% and X% of total exports, respectively. It was distantly followed by Vietnam (X tons) and Malaysia (X tons), together committing a X% share of total exports. The Philippines (X tons) held a minor share of total exports.

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

In value terms, Thailand ($X), Singapore ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Malaysia and the Philippines lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the export price showed a mild descent. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

Needle Roller Bearing Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of needle roller bearings increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a modest 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, needle roller bearing imports reduced slightly to $X in 2022. Over the period under review, imports, however, saw a mild descent. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented the major importers of needle roller bearings in 2022, resulting at approx. X% and X% of total imports, respectively. It was distantly followed by Singapore (X tons) and Vietnam (X tons), together generating a X% share of total imports. Malaysia (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 Vietnam (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 in South-Eastern Asia were Thailand ($X), Singapore ($X) and Indonesia ($X), with a combined X% share of total imports. Vietnam and Malaysia lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price saw a noticeable decline. The pace of growth appeared the most rapid in 2019 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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