Asia: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

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

The Asian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings reached $X in 2021, approximately mirroring the previous year. Overall, consumption posted a prominent increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, bearing housing without ball bearing production rose to $X in 2021 estimated in export price. Overall, production continues to indicate a resilient increase. The growth pace was the most rapid in 2016 with an increase of 34%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports in Asia

In 2021, overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 61% to X tons, rising for the fifth consecutive year after two years of decline. Overall, exports continue to indicate a buoyant increase. As a result, the exports attained 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. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the largest exporter of bearing housings not incorporating ball or roller bearings, plain shaft bearings, comprising 54% of total exports. Japan (X tons) ranks second in terms of the total exports with an 18% share, followed by Turkey (9.6%), Taiwan (Chinese) (5.1%) and South Korea (5.1%). Thailand (X tons) and India (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +21.9% from 2012 to 2021. At the same time, Thailand (+29.2%), Turkey (+16.8%), India (+13.2%) and South Korea (+7.1%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +29.2% from 2012-2021. By contrast, Japan (-1.3%) and Taiwan (Chinese) (-2.6%) illustrated a downward trend over the same period. While the share of China (+34 p.p.), Turkey (+4.3 p.p.) and Thailand (+2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Taiwan (Chinese) (-9.3 p.p.) and Japan (-27.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and India ($X) constituted the countries with the highest levels of exports in 2021, with a combined 80% share of total exports.

Among the main exporting countries, India, with a CAGR of +19.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per ton, shrinking by -19.7% against the previous year. Overall, the export price showed a abrupt descent. The pace of growth was the most pronounced in 2015 an increase of 5.1% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 India ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in Asia

After two years of decline, overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 22% to X tons in 2021. The total import volume increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of bearing housing without ball bearing imports in 2021 were China (X tons), Japan (X tons), South Korea (X tons), Thailand (X tons), Turkey (X tons), Vietnam (X tons), Indonesia (X tons), India (X tons) and Taiwan (Chinese) (X tons), together reaching 81% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +36.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported bearing housings not incorporating ball or roller bearings, plain shaft bearings in Asia, comprising 26% of total imports. The second position in the ranking was held by Japan ($X), with an 8.7% share of total imports. It was followed by India, with a 7.6% share.

In China, bearing housing without ball bearing imports expanded at an average annual rate of +3.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-0.5% per year) and India (+7.1% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 5.2% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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