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

China - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Jun 25, 2023

Bearing Export in China Declines Slightly to $457M in April 2023

China Bearing Exports

In April 2023, approximately 68K tons of ball or roller bearings were exported from China; therefore, remained relatively stable against the month before. The total export volume increased at an average monthly rate of +1.1% from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in March 2023 when exports increased by 68% month-to-month.

In value terms, bearing exports fell to $457M (IndexBox estimates) in April 2023. The total export value increased at an average monthly rate of +1.4% from April 2022 to April 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in March 2023 when exports increased by 63% month-to-month.

COUNTRYExport Value of Bearing in China (million USD)
Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023
India35.642.142.545.036.035.335.642.937.852.827.248.445.0
United States44.355.253.654.550.947.143.943.636.244.829.549.444.3
Germany46.439.446.544.845.036.734.737.832.043.722.434.536.6
South Korea17.722.823.220.219.518.617.618.518.620.017.020.924.2
Brazil16.922.325.227.826.621.222.016.616.221.810.119.518.9
Russia3.73.95.16.910.48.611.612.313.322.912.519.318.1
Italy19.321.320.521.216.815.414.012.815.420.99.916.717.6
Mexico16.717.920.221.220.116.315.514.816.819.511.419.516.9
France12.215.714.614.312.910.011.212.213.010.59.613.315.6
Malaysia10.313.817.518.420.420.417.821.015.920.89.619.815.6
Vietnam11.718.717.214.514.212.614.914.211.914.910.017.713.6
Indonesia7.09.814.510.911.712.111.99.39.711.77.312.011.0
United Arab Emirates7.79.36.511.110.47.46.57.45.010.74.69.17.7
Others138174185196176168165177155185112177172
Total387467493507471429422440397500293477457

Exports by Country

India (9.4K tons), the United States (5.4K tons) and Germany (4.9K tons) were the main destinations of bearing exports from China, with a combined 29% share of total exports. Brazil, Malaysia, South Korea, Italy, Russia, France, Mexico, Vietnam, the United Arab Emirates and Indonesia lagged somewhat behind, together accounting for a further 36%.

From April 2022 to April 2023, the biggest increases were in Russia (with a CAGR of +10.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing exported from China were India ($45M), the United States ($44M) and Germany ($37M), with a combined 28% share of total exports. South Korea, Brazil, Russia, Italy, Mexico, Malaysia, France, Vietnam, Indonesia and the United Arab Emirates lagged somewhat behind, together accounting for a further 35%.

Russia, with a CAGR of +14.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Ball bearings (45K tons) was the largest type of bearing exported from China, with a 66% share of total exports. Moreover, ball bearings exceeded the volume of the second product type, tapered roller bearings (11K tons), fourfold. The third position in this ranking was held by spherical roller bearings (4.2K tons), with a 6.2% share.

From April 2022 to April 2023, the average monthly rate of growth in terms of the volume of export of ball bearings was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: tapered roller bearings (+1.0% per month) and spherical roller bearings (+3.1% per month).

In value terms, ball bearings ($303M) remains the largest type of bearing exported from China, comprising 66% of total exports. The second position in the ranking was taken by tapered roller bearings ($61M), with a 13% share of total exports. It was followed by cylindrical roller bearings, with a 6.2% share.

From April 2022 to April 2023, the average monthly growth rate of the export volume of ball bearings stood at +1.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: tapered roller bearings (+1.4% per month) and cylindrical roller bearings (+4.6% per month).

Export Prices by Country

In April 2023, the bearing price stood at $6,721 per ton (FOB, China), reducing by -2.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 12% month-to-month. As a result, the export price attained the peak level of $7,160 per ton. From March 2023 to April 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In April 2023, the country with the highest price was Mexico ($8,568 per ton), while the average price for exports to the United Arab Emirates ($4,549 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the 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
  • Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
  • Prodcom 28151055 - Spherical roller bearings
  • Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
  • Prodcom 28151070 - Needle roller bearings
  • Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller 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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