Global Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size

In 2022, the global ball bearing parts market increased by X% to $X, rising for the second consecutive year after five years of decline. Over the period under review, consumption recorded a noticeable reduction. The pace of growth was the most pronounced in 2021 when the market value increased by X%. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Ball Bearing Parts Production

In value terms, ball bearing parts production contracted to $X in 2022 estimated in export price. In general, production saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, global production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Ball Bearing Parts Exports

Exports

In 2022, global exports of parts of ball or roller bearings reduced modestly to X tons, waning by X% on the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, ball bearing parts exports declined to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) was the largest exporter of parts of ball or roller bearings, making up X% of total exports. Japan (X tons) took the second position in the ranking, followed by Germany (X tons), India (X tons) and South Korea (X tons). All these countries together took near X% share of total exports. The following exporters - Romania (X tons), France (X tons), the United States (X tons), Bosnia and Herzegovina (X tons) and Italy (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, South Korea (X%), Bosnia and Herzegovina (X%), India (X%) and Romania (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, France (X%), Italy (X%), the United States (X%), Germany (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, South Korea and India increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ball bearing parts supplying countries worldwide were China ($X), Japan ($X) and Germany ($X), with a combined X% share of global exports. Romania, the United States, India, France, South Korea, Italy and Bosnia and Herzegovina lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, South Korea, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ball bearing parts export price amounted to $X per ton, stabilizing at the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

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

Ball Bearing Parts Imports

Imports

In 2022, global ball bearing parts imports fell modestly to X tons, which is down by X% on 2021 figures. The total import volume 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 pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then contracted modestly in the following year.

In value terms, ball bearing parts imports declined to $X in 2022. The total import 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 in certain years. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then fell slightly in the following year.

Imports by Country

The countries with the highest levels of ball bearing parts imports in 2022 were the United States (X tons), France (X tons), Germany (X tons) and China (X tons), together resulting at X% of total import. Italy (X tons) held the next position in the ranking, followed by Mexico (X tons). All these countries together took near X% share of total imports. Austria (X tons), India (X tons), Slovakia (X tons), Brazil (X tons), Romania (X tons), Japan (X tons) and South Korea (X tons) held a minor share of total imports.

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

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of global imports. France, Italy, Mexico, India, Romania, Austria, Brazil, Japan, Slovakia and South Korea lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, recorded 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ball bearing parts import price amounted to $X per ton, approximately equating the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Global import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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