ASEAN: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2025

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in ASEAN

The ASEAN market for bearing housings incorporating ball or roller bearings was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption continues to indicate a strong increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in ASEAN

In value terms, bearing housing with ball bearing production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 30%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in ASEAN

In 2022, exports of bearing housings incorporating ball or roller bearings in ASEAN contracted to X tons, declining by -9.2% compared with 2021. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2021 with an increase of 85%. As a result, the exports reached the peak of X tons, and then reduced in the following year.

In value terms, bearing housing with ball bearing exports declined to $X in 2022. Over the period under review, exports, however, recorded a resilient increase. The pace of growth appeared the most rapid in 2021 when exports increased by 57% against the previous year. As a result, the exports attained the peak of $X, and then shrank slightly in the following year.

Exports by Country

Vietnam (X tons) and Singapore (X tons) represented roughly 75% of total exports in 2022. Thailand (X tons) held the next position in the ranking, distantly followed by the Philippines (X tons). All these countries together held near 22% share of total exports. Malaysia (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of +157.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing with ball bearing supplying countries in ASEAN were Vietnam ($X), Singapore ($X) and Thailand ($X), with a combined 91% share of total exports. The Philippines and Malaysia lagged somewhat behind, together accounting for a further 9%.

The Philippines, with a CAGR of +180.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, rising by 7.1% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 19% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Malaysia ($X per ton) and Thailand ($X per ton), while Vietnam ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+9.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in ASEAN

In 2022, supplies from abroad of bearing housings incorporating ball or roller bearings increased by 31% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 73%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, bearing housing with ball bearing imports rose modestly to $X in 2022. Over the period under review, imports showed slight growth. The most prominent rate of growth was recorded in 2018 with an increase of 60%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Indonesia (X tons), distantly followed by Thailand (X tons), Vietnam (X tons), Singapore (X tons), Malaysia (X tons) and the Philippines (X tons) were the main importers of bearing housings incorporating ball or roller bearings, together making up 99% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +29.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing with ball bearing importing markets in ASEAN were Indonesia ($X), Singapore ($X) and Malaysia ($X), with a combined 61% share of total imports. Thailand, the Philippines and Vietnam lagged somewhat behind, together comprising a further 37%.

The Philippines, with a CAGR of +9.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, shrinking by -19.8% against the previous year. Overall, the import price saw a noticeable contraction. The pace of growth appeared the most rapid in 2019 when the import price increased by 36% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+14.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform