Thailand: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Thailand

In 2022, the Thai ball bearing parts market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a deep setback. Ball bearing parts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Ball Bearing Parts Production in Thailand

In value terms, ball bearing parts production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Ball bearing parts production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ball Bearing Parts Exports

Exports from Thailand

After two years of growth, shipments abroad of parts of ball or roller bearings decreased by X% to X tons in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, ball bearing parts exports fell sharply to $X in 2022. Over the period under review, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Singapore (X tons) was the main destination for ball bearing parts exports from Thailand, accounting for a X% share of total exports. Moreover, ball bearing parts exports to Singapore exceeded the volume sent to the second major destination, China (X tons), sixfold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Indonesia (X% per year).

In value terms, Singapore ($X) remains the key foreign market for parts of ball or roller bearings exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Cambodia (X% per year).

Export Prices by Country

In 2022, the average ball bearing parts export price amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Thailand

In 2022, approx. X tons of parts of ball or roller bearings were imported into Thailand; standing approx. at the year before. In general, imports continue to indicate a pronounced downturn. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, ball bearing parts imports fell modestly to $X in 2022. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), China (X tons) and India (X tons) were the main suppliers of ball bearing parts imports to Thailand, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), China ($X) and India ($X) were the largest ball bearing parts suppliers to Thailand, together comprising X% of total imports.

In terms of the main suppliers, India, 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 a decline.

Import Prices by Country

In 2022, the average ball bearing parts import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price showed a mild downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :