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

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

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Sep 9, 2023

Price of Bearings in India Declines Slightly to $46.4 per kg

India Bearing Import Price in June 2023

In June 2023, the bearing price amounted to $46,366 per ton (CIF, India), declining by -4% against the previous month. Over the period under review, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in November 2022 an increase of 117% against the previous month. Over the period under review, average import prices hit record highs at $49,110 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Italy ($107K per ton), while the price for Romania ($15,849 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+15.8%), while the prices for the other major suppliers experienced more modest paces of growth.

India Bearing Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Bearing in India (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
Italy18,43621,75518,30518,70319,00251,17733,60430,97139,23041,81558,23290,685106,815
China20,55320,79920,78220,28820,97155,60365,42070,11161,25855,63172,09565,12558,254
Japan20,90920,70720,90620,67121,14252,95349,40144,36461,11345,04448,37949,52447,867
Germany21,61820,74721,38721,60121,69340,44245,84144,64539,13838,16441,18546,55843,068
United States17,65318,87118,01818,69920,23332,38132,11220,47523,63923,01333,07826,31724,695
Sweden17,82217,65018,06317,91318,31718,30619,21927,67215,48018,63717,91521,24418,430
Romania15,36716,10816,98317,61815,20017,15518,55216,78119,36118,75514,92524,47115,849
Average20,39220,60820,31020,32520,81445,23847,84749,11044,90543,73948,08448,27546,366

India Bearing Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was needle roller bearings ($27,747 per ton), while the price for tapered roller bearings ($12,229 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by roller bearing (+0.0%), while the prices for the other products experienced a decline.

India Bearing Imports

In June 2023, imports of ball or roller bearings into India reduced to 1.7K tons, with a decrease of -14.3% compared with the previous month. Over the period under review, imports showed a deep slump. The most prominent rate of growth was recorded in May 2023 with an increase of 16% month-to-month.

In value terms, bearing imports declined markedly to $80M (IndexBox estimates) in June 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 with an increase of 16% m-o-m. As a result, imports reached the peak of $97M, and then contracted rapidly in the following month.

India Bearing Imports by Type

Tapered roller bearings (857 tons), spherical roller bearings (757 tons) and needle roller bearings (117 tons) were the main products of bearing imports to India.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by spherical roller bearing (with a CAGR of +0.4%), while imports for the other products experienced mixed trend patterns.

In value terms, ball bearings ($37M) constituted the largest type of bearing supplied to India, comprising 46% of total imports. The second position in the ranking was held by spherical roller bearings ($13M), with a 17% share of total imports. It was followed by tapered roller bearings, with a 13% share.

India Bearing Imports by Country

China (566 tons), Germany (363 tons) and Japan (149 tons) were the main suppliers of bearing imports to India, together accounting for 62% of total imports. The United States, Sweden, Malaysia, Romania, South Korea, France, Singapore and Italy lagged somewhat behind, together comprising a further 31%.

From June 2022 to June 2023, the biggest increases were in Malaysia (with a CAGR of +6.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($33M) constituted the largest supplier of bearing to India, comprising 41% of total imports. The second position in the ranking was taken by Germany ($16M), with a 19% share of total imports. It was followed by Japan, with an 8.9% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Germany (-0.8% per month) and Japan (-2.8% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bearing market in India. 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:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • 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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