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China - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Apr 28, 2023

China Exports of Ball Bearings Down 44% to $185 Million in Feb 2023

China Ball Bearing Exports

In February 2023, exports of ball bearings from China fell rapidly to 26K tons, reducing by -50.1% on the month before. Over the period under review, exports saw a noticeable decline. The pace of growth was the most pronounced in January 2023 when exports increased by 36% against the previous month. As a result, the exports attained the peak of 52K tons, and then dropped remarkably in the following month.

In value terms, ball bearing exports contracted markedly to $185M (IndexBox estimates) in February 2023. In general, exports saw a mild descent. The most prominent rate of growth was recorded in March 2022 when exports increased by 28% against the previous month.

COUNTRYFeb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Export Value of Ball Bearing in China (million USD)
India17.527.625.329.431.329.524.623.623.731.725.737.618.8
United States34.832.929.537.636.537.033.229.927.927.522.128.217.6
Germany29.134.537.229.335.333.334.127.924.529.423.133.715.8
South Korea5.614.111.615.814.313.211.912.311.712.112.913.710.9
Vietnam5.79.69.614.413.411.611.710.112.211.19.712.68.7
Brazil11.613.310.314.116.919.217.313.715.49.711.612.56.5
Mexico9.011.89.410.810.312.112.78.78.98.810.711.96.3
Italy14.812.412.013.112.513.710.79.58.48.48.412.75.9
Thailand4.66.05.77.610.18.77.27.16.86.87.18.45.8
Malaysia6.07.26.09.011.410.912.311.68.312.38.611.85.4
Russia2.51.72.32.03.74.36.14.65.56.36.17.04.4
Denmark4.63.82.82.72.93.92.91.14.03.43.04.83.3
Kazakhstan1.52.42.43.01.73.84.25.36.65.16.94.93.1
Others86.212210413413914013112011412810613272.7
Total234299268322339342320285278301263332185

Exports by Country

In February 2023, India (3.6K tons), Germany (2.4K tons) and the United States (2.2K tons) was the key exporter of ball bearings in the world, committing 3.8% of total export. South Korea (1.4K tons) took the next position in the ranking, followed by Brazil (1.2K tons). All these countries together held near 1.2% share of total exports. The following exporters - Vietnam (995 tons), Malaysia (832 tons), Mexico (826 tons), Italy (806 tons), Russia (734 tons), Thailand (665 tons), Kazakhstan (659 tons) and Denmark (639 tons) - each recorded a 2.8% share of total exports.

From February 2022 to February 2023, the biggest increases were in Kazakhstan (with a CAGR of +6.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing supplying countries from China were India ($19M), the United States ($18M) and Germany ($16M), together accounting for 7.3% of total exports. These countries were followed by South Korea, Vietnam, Brazil, Mexico, Italy, Thailand, Malaysia, Russia, Denmark and Kazakhstan, which together accounted for a further 8.4%.

Kazakhstan, with a CAGR of +6.6%, saw 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 February 2023, the ball bearing price stood at $7,082 per ton (FOB, China), surging by 12% against the previous month. In general, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $7,091 per ton in September 2022; afterwards, it flattened through to February 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($8,775 per ton), while Kazakhstan ($4,767 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ball bearing market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28151030 - Ball bearings

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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