Thailand: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Thailand

After seven years of growth, the Thai cylindrical roller bearing market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed a strong expansion. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Cylindrical Roller Bearing Exports

Exports from Thailand

In 2022, the amount of cylindrical roller bearings exported from Thailand dropped significantly to X tons, with a decrease of X% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The Thailand exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, cylindrical roller bearing exports fell remarkably to $X in 2022. Overall, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. Romania (X tons) ranks next in terms of the total exports with an X% share, followed by Slovakia (X%). Kazakhstan (X tons), Canada (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons), India (X tons) and the Netherlands (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Thailand, comprising X% of global exports. The second position in the ranking was held by Japan ($X), with an X% share of global exports. It was followed by China, with an X% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the export price in Thailand amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the export price saw a deep setback. The growth pace was the most rapid in 2019 when the export price increased by 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 remained at a lower figure.

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

Cylindrical Roller Bearing Imports

Imports into Thailand

In 2022, after two years of growth, there was significant decline in purchases abroad of cylindrical roller bearings, when their volume decreased by X% to X tons. Overall, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, cylindrical roller bearing imports dropped to $X in 2022. In general, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together amounting to X% of total import. It was distantly followed by the United States (X tons), committing a X% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), South Korea (X tons), Belgium (X tons), Turkey (X tons), the Czech Republic (X tons) and Indonesia (X tons) took a relatively small share of total imports.

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

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Russia, Mexico, Italy, Brazil, South Korea, Spain, Belgium, Turkey, Indonesia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Spain, 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 import price in Thailand stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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