Hong Kong SAR, China - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Hong Kong SAR - 2023
Contents:
- Price Forecast for Ball and Roller Bearings in Hong Kong SAR till 2025
- Bearing Price in Hong Kong SAR (FOB) - 2023
- Bearing Price in Hong Kong SAR (CIF) - 2023
- Bearing Exports in Hong Kong SAR
- Bearing Imports in Hong Kong SAR
Price Forecast for Ball and Roller Bearings in Hong Kong SAR till 2025
Bearing Price in Hong Kong SAR (FOB) - 2023
In January 2023, the average bearing export price amounted to $28.1 per kg, surging by 7.1% 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 November 2022 when the average export price increased by 14% against the previous month. Over the period under review, the average export prices hit record highs at $30.4 per kg in February 2022; however, from March 2022 to January 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In January 2023, the countries with the highest prices were Indonesia ($28.8 per kg) and China ($28.4 per kg), while the average price for exports to Taiwan (Chinese) ($24.4 per kg) and Singapore ($26.3 per kg) were amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.1%), while the prices for the other major destinations experienced a decline.
Bearing Price in Hong Kong SAR (CIF) - 2023
The average bearing import price stood at $92.9 per kg in January 2023, falling by -44% against the previous month. In general, the import price, however, recorded resilient growth. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 451% month-to-month. Over the period under review, average import prices reached the maximum at $166 per kg in December 2022, and then reduced sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Singapore ($36.3K per kg), while the price for Germany ($29.6 per kg) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Singapore (+84.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Exports in Hong Kong SAR
After three years of growth, shipments abroad of ball and roller bearings decreased by -43.9% to 9K tons in 2022. Overall, exports, however, recorded moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 91% against the previous year. As a result, the exports reached the peak of 16K tons, and then dropped notably in the following year.
In value terms, bearing exports shrank rapidly to $215M in 2022. Over the period under review, exports faced a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year. The exports peaked at $474M in 2021, and then reduced rapidly in the following year.
| Export of Ball and Roller Bearings in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| China | 343 | 402 | 17.2% | ||
| Taiwan (Chinese) | 18.1 | 15.2 | -16.0% | ||
| Singapore | 12.1 | 9.5 | -21.5% | ||
| Malaysia | 1.8 | 2.0 | 11.1% | ||
| Others | 21.7 | 15.5 | -28.6% | ||
| Total | 397 | 444 | 11.8% | ||
Top Export Markets for Ball and Roller Bearings from Hong Kong SAR in 2022:
- Singapore (undefinedK tons)
- China (1.7K tons)
- Malaysia (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
Bearing Imports in Hong Kong SAR
In 2022, supplies from abroad of ball and roller bearings decreased by -57.5% to 8.9K tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a dramatic decrease. The growth pace was the most rapid in 2020 when imports increased by 1.5%. As a result, imports reached the peak of 21K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, bearing imports plummeted to $246M in 2022. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 5.4% against the previous year. As a result, imports attained the peak of $480M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Ball and Roller Bearings in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Germany | 112 | 126 | 12.5% | ||
| Japan | 116 | 102 | -12.1% | ||
| China | 71.6 | 72.2 | 0.8% | ||
| Thailand | 62.2 | 72.2 | 16.1% | ||
| France | 12.1 | 41.4 | 242.1% | ||
| Singapore | 44.0 | 41.0 | -6.8% | ||
| South Korea | 15.5 | 14.7 | -5.2% | ||
| Cambodia | 3.3 | 3.4 | 3.0% | ||
| Others | 18.6 | 6.5 | -65.1% | ||
| Total | 456 | 480 | 5.3% | ||
Top Suppliers of Ball and Roller Bearings to Hong Kong SAR in 2022:
- Singapore (undefinedK tons)
- France (undefinedK tons)
- South Korea (undefinedK tons)
- Germany (0.2K tons)
- Japan (0.1K tons)
- Cambodia (0.1K tons)
- China (0.1K tons)
- Thailand (0.1K tons)
This report provides an in-depth analysis of the bearing market in Hong Kong SAR, 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, 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 Hong Kong SAR, China.
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This report provides an in-depth analysis of the tapered roller bearing market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the needle roller bearing market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the ball bearing market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the spherical roller bearing market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the cylindrical roller bearing market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the bearing market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the roller bearing market in Hong Kong SAR, China.
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In March 2023, the Bearing price was $27,575 per ton (FOB, Hong Kong), experiencing a 5.2% growth compared to the previous month.
174
In September 2022, the growth rate of Bearing was the highest, showing a significant increase of 33% compared to the previous month. However, the export value of Bearing decreased to $35M in June 2023.
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In March 2023, the Bearing price was $27,575 per ton (FOB, Hong Kong), experiencing a 5.2% growth compared to the previous month.
174
In September 2022, the growth rate of Bearing was the highest, showing a significant increase of 33% compared to the previous month. However, the export value of Bearing decreased to $35M in June 2023.
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In value terms, candles and tapers imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consistent,...
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In value terms, candles and tapers exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern remained consistent, with so...
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In 2016, approx. X tons of bearing were imported worldwide- standing approx. at the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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In 2016, approx. X tons of bearing were imported worldwide- standing approx. at the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Germany continued to dominate in the global ball or roller bearing trade. In 2014, Germany exported X thousand tons of ball or roller bearings totaling X million USD, X% over the previous year. Its primary trading partner was China, where it su
