India - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in India - 2023
Contents:
- Price Forecast for Ball and Roller Bearings in India till 2025
- Bearing Price in India (CIF) - 2023
- Bearing Price in India (FOB) - 2023
- Bearing Imports in India
- Bearing Exports in India
Price Forecast for Ball and Roller Bearings in India till 2025
Bearing Price in India (CIF) - 2023
In February 2023, the average bearing import price amounted to $44.9 per kg, dropping by -8.6% against the previous month. Overall, the import price, however, showed a resilient expansion. The growth pace was the most rapid in November 2022 when the average import price increased by 117% against the previous month. Over the period under review, average import prices attained the maximum at $49.1 per kg in January 2023, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was China ($61.3 per kg), while the price for Sweden ($15.5 per kg) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Japan (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in India (FOB) - 2023
The average bearing export price stood at $19.3 per kg in February 2023, reducing by -1.5% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in March 2022 when the average export price increased by 8.2% m-o-m. Over the period under review, the average export prices hit record highs at $21.1 per kg in October 2022; however, from November 2022 to February 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Indonesia ($26.4 per kg), while the average price for exports to France ($15.8 per kg) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in India
In 2022, imports of ball and roller bearings into India dropped notably to 23K tons, waning by -55.2% on the year before. Over the period under review, imports saw a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 72%. As a result, imports reached the peak of 50K tons, and then dropped remarkably in the following year.
In value terms, bearing imports declined sharply to $426M in 2022. Overall, imports faced a precipitous descent. The pace of growth appeared the most rapid in 2021 when imports increased by 56% against the previous year. As a result, imports attained the peak of $1B, and then contracted significantly in the following year.
| Import of Ball and Roller Bearings in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| China | 412 | 356 | -13.6% | ||
| Germany | 200 | 134 | -33.0% | ||
| Japan | 130 | 84.3 | -35.2% | ||
| United States | 44.1 | 37.4 | -15.2% | ||
| Singapore | 52.2 | 33.7 | -35.4% | ||
| South Korea | 35.8 | 28.1 | -21.5% | ||
| Italy | 28.5 | 21.6 | -24.2% | ||
| Thailand | 21.3 | 17.3 | -18.8% | ||
| Netherlands | 5.2 | 15.6 | 200.0% | ||
| France | 24.9 | 13.7 | -45.0% | ||
| United Kingdom | 21.8 | 11.6 | -46.8% | ||
| United Arab Emirates | 10.4 | 6.4 | -38.5% | ||
| Others | -111.1 | -93.6 | -15.8% | ||
| Total | 875 | 666 | -23.9% | ||
Top Suppliers of Ball and Roller Bearings to India in 2022:
- United Kingdom (undefinedK tons)
- Netherlands (undefinedK tons)
- Italy (undefinedK tons)
- Singapore (undefinedK tons)
- United Arab Emirates (undefinedK tons)
- Japan (undefinedK tons)
- France (undefinedK tons)
- United States (undefinedK tons)
- China (undefinedK tons)
- Germany (undefinedK tons)
- South Korea (undefinedK tons)
- Thailand (undefinedK tons)
Bearing Exports in India
In 2022, bearing exports from India skyrocketed to 41K tons, jumping by 74% against the year before. In general, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, bearing exports contracted modestly to $474M in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, the exports attained the peak of $481M, and then reduced modestly in the following year.
| Export of Ball and Roller Bearings in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| United States | 167 | 92.7 | -44.5% | ||
| Germany | 102 | 90.4 | -11.4% | ||
| China | 56.5 | 48.9 | -13.5% | ||
| France | 37.4 | 25.6 | -31.6% | ||
| United Arab Emirates | 9.8 | 15.9 | 62.2% | ||
| Italy | 19.0 | 13.5 | -28.9% | ||
| Mexico | 12.7 | 11.6 | -8.7% | ||
| Russia | 16.4 | 9.8 | -40.2% | ||
| Singapore | 15.1 | 9.4 | -37.7% | ||
| Brazil | 16.4 | 8.7 | -47.0% | ||
| Japan | 15.4 | 6.0 | -61.0% | ||
| South Africa | 17.9 | 4.0 | -77.7% | ||
| Syrian Arab Republic | N/A | N/A | 0% | ||
| Others | -115.3 | -28.5 | -75.3% | ||
| Total | 371 | 308 | -17.0% | ||
Top Export Markets for Ball and Roller Bearings from India in 2022:
- United States (42.9 tons)
- Germany (41.8 tons)
- China (22.6 tons)
- France (11.8 tons)
- United Arab Emirates (7.3 tons)
- Italy (6.2 tons)
- Mexico (5.4 tons)
- Russia (4.5 tons)
- Singapore (4.4 tons)
- Syrian Arab Republic (4.3 tons)
- Brazil (4.0 tons)
- Japan (2.8 tons)
- South Africa (1.8 tons)
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:
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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This report provides an in-depth analysis of the bearing market in India.
393
This report provides an in-depth analysis of the tapered roller bearing market in India.
313
This report provides an in-depth analysis of the needle roller bearing market in India.
233
This report provides an in-depth analysis of the ball bearing market in India.
221
This report provides an in-depth analysis of the tools for bearing market in India.
255
This report provides an in-depth analysis of the spherical roller bearing market in India.
314
This report provides an in-depth analysis of the cylindrical roller bearing market in India.
267
This report provides an in-depth analysis of the ball bearing parts market in India.
332
This report provides an in-depth analysis of the bearing market in India.
315
This report provides an in-depth analysis of the roller bearing market in India.
246
During the period examined, Ball Bearing imports peaked at 26K tons in 2018, but remained lower from 2019 to 2023. In terms of value, Ball Bearing imports reached $512M in 2023.
121
India's imports of Spherical Roller Bearings reached a peak in 2023 and are projected to continue growing. The value of these imports surged to $171M in 2023.
177
The rate of expansion was most notable in October 2023 with a 17% increase in exports. Ball Bearing Parts exports declined to $14M in value in November 2023.
418
In June 2023, the Bearing price in India (CIF) declined by 4% to $46,366 per ton compared to the previous month.
220
Explore the top import markets for bearings and key statistics in the global market. Learn about the demand for bearings in countries like Germany, China, and the United States.
23
The global market for tapered roller bearings is expected to experience steady growth over the next six years, driven by increasing demand worldwide. By 2030, market volume is projected to reach 880K tons, with a value of $11.9B.
189
Explore the top import markets for tapered roller bearings in 2023, including Germany, the United States, China, and more. Learn about the key players driving demand in the industry.
561
Explore the top import markets for ball bearings, including Germany, China, the United States, and more. Find key statistics and data on the global demand for ball bearings.
78
Learn about the projected growth of the spherical roller bearings market worldwide from 2024 to 2030, with an expected increase in market volume and value.
127
The global market for cylindrical roller bearings is expected to see continued growth in the next seven years, driven by increasing demand worldwide. Market performance is projected to expand with a CAGR of +0.7% in volume terms and +1.7% in value terms from 2023 to 2030.
