China - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBearing Prices in China
China Bearing Export Price in September 2022
In September 2022, the bearing price stood at $6,964 per ton (FOB, China), flattening at the previous month. Over the last eight months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 9.4% m-o-m. The export price peaked at $7,015 per ton in June 2022; afterwards, it flattened through to September 2022.
There were significant differences in the average prices for the major export markets. In September 2022, the country with the highest price was South Korea ($9,719 per ton), while the average price for exports to Malaysia ($4,335 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
China Bearing Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In September 2022, the product with the highest price was needle roller bearings ($14.3 per kg), while the average price for exports of tapered roller bearings ($5,423 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: tapered roller bearing (+1.9%), while the prices for the other products experienced more modest paces of growth.
China Bearing Exports
In September 2022, shipments abroad of ball or roller bearings decreased by -9.3% to 62K tons, falling for the second consecutive month after three months of growth. Over the period under review, exports saw a pronounced setback. The most prominent rate of growth was recorded in March 2022 with an increase of 23% month-to-month. Over the period under review, the exports hit record highs at 88K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.
In value terms, bearing exports shrank to $430M (IndexBox estimates) in September 2022. Overall, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in March 2022 when exports increased by 23% month-to-month. The exports peaked at 559K tons in January 2022; however, from February 2022 to September 2022, the exports remained at a lower figure.
China Bearing Exports by Type
Ball bearings (40K tons) was the largest type of bearing exported from China, accounting for a 65% share of total exports. Moreover, ball bearings exceeded the volume of the second product type, tapered roller bearings (11K tons), fourfold. Spherical roller bearings (4.2K tons) ranked third in terms of total exports with a 6.8% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of export of ball bearings totaled -5.1%. With regard to the other exported products, the following average monthly rates of growth were recorded: tapered roller bearings (-4.0% per month) and spherical roller bearings (-1.6% per month).
In value terms, ball bearings ($285M) remains the largest type of bearing exported from China, comprising 66% of total exports. The second position in the ranking was held by tapered roller bearings ($58M), with a 13% share of total exports. It was followed by cylindrical roller bearings, with a 5.7% share.
From January 2022 to September 2022, the average monthly rate of growth in terms of the export volume of ball bearings totaled -4.0%. With regard to the other exported products, the following average monthly rates of growth were recorded: tapered roller bearings (-2.2% per month) and cylindrical roller bearings (-1.3% per month).
China Bearing Exports by Country
India (7.2K tons), the United States (5.8K tons) and Malaysia (4.7K tons) were the main destinations of bearing exports from China, with a combined 29% share of total exports. These countries were followed by Germany, Brazil, Italy, Mexico, South Korea, Indonesia, France, Vietnam, Russia and Iran, which together accounted for a further 37%.
From January 2022 to September 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +8.1%), while the other leaders experienced more modest paces of growth.
In value terms, the United States ($47M), Germany ($37M) and India ($35M) were the largest markets for bearing exported from China worldwide, together accounting for 28% of total exports. These countries were followed by Brazil, Malaysia, South Korea, Mexico, Italy, Vietnam, Indonesia, France, Iran and Russia, which together accounted for a further 34%.
Russia, with a CAGR of +9.0%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the bearing market in China.
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This report provides an in-depth analysis of the bearing market in China.
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This report provides an in-depth analysis of the tapered roller bearing market in China.
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This report provides an in-depth analysis of the needle roller bearing market in China.
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This report provides an in-depth analysis of the ball bearing market in China.
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This report provides an in-depth analysis of the tools for bearing market in China.
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This report provides an in-depth analysis of the spherical roller bearing market in China.
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This report provides an in-depth analysis of the cylindrical roller bearing market in China.
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This report provides an in-depth analysis of the ball bearing parts market in China.
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This report provides an in-depth analysis of the roller bearing market in China.
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In value terms, bearing exports fell to $457M in April 2023.
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In terms of value, exports of Bearing decreased to $420M in June 2023.
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In value terms, tapered roller bearing imports reduced to $39M in March 2023.
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In value terms, needle roller bearing exports soared to $19M in March 2023.
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In February 2023, the cost of ball bearings was $7,082 per ton delivered (FOB, China), an increase of 12% compared to the previous month.
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In June 2023, the price of Spherical Roller Bearing amounted to $14,537 per ton (CIF, China), showing a 4% decrease compared to the previous month.
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In value terms, cylindrical roller bearing imports rose modestly to $59M in April 2023.
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The rate of growth for Ball Bearing Parts was particularly rapid in March 2023, experiencing a month-on-month increase of 35%. Additionally, the value of exports for ball bearing parts surged to $79M in November 2023.
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In April 2023, the roller bearing price stood at $6,407 per ton (FOB, China), increasing by 3.7% against the previous month.
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In value terms, bearing exports fell to $457M in April 2023.
