ASEAN: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2025

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in ASEAN

After two years of decline, the ASEAN market for bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 23% to $X in 2021. Overall, consumption recorded strong growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in ASEAN

In value terms, bearing housing without ball bearing production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production recorded a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 45%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports in ASEAN

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were exported in ASEAN; jumping by 40% against the previous year's figure. Over the period under review, exports saw strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, Thailand (X tons) represented the main exporter of bearing housings not incorporating ball or roller bearings, plain shaft bearings, generating 56% of total exports. Singapore (X tons) ranks second in terms of the total exports with a 23% share, followed by Indonesia (11%). The following exporters - Vietnam (X tons), Malaysia (X tons) and the Philippines (X tons) - together made up 9.3% of total exports.

Thailand was also the fastest-growing in terms of the bearing housings not incorporating ball or roller bearings, plain shaft bearings exports, with a CAGR of +29.2% from 2012 to 2021. At the same time, the Philippines (+9.1%), Singapore (+4.6%) and Indonesia (+3.8%) displayed positive paces of growth. By contrast, Vietnam (-2.7%) and Malaysia (-4.1%) illustrated a downward trend over the same period. Thailand (+42 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, Malaysia, Vietnam and Singapore saw its share reduced by -8.6%, -8.7%, -8.9% and -15.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest bearing housing without ball bearing supplier in ASEAN, comprising 55% of total exports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total exports. It was followed by Vietnam, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value in Singapore stood at +8.5%. In the other countries, the average annual rates were as follows: Thailand (+6.5% per year) and Vietnam (+13.6% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, waning by -11.9% against the previous year. In general, the export price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2017 an increase of 7.4% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+16.8%), while the other leaders experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports in ASEAN

After two years of decline, supplies from abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 57% to X tons in 2021. In general, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Over the period under review, imports enjoyed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X tons), distantly followed by Vietnam (X tons), Indonesia (X tons), Singapore (X tons), Malaysia (X tons) and the Philippines (X tons) represented the key importers of bearing housings not incorporating ball or roller bearings, plain shaft bearings, together constituting 99% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +36.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 63% share of total imports.

Vietnam, with a CAGR of +20.3%, 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 2021, the import price in ASEAN amounted to $X per ton, dropping by -11.2% against the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2019 an increase of 8%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform