Asia-Pacific: Tools For Bearing Market 2025

Tools For Bearing Market Size in Asia-Pacific

The Asia-Pacific tools for bearing market shrank modestly to $X in 2022, with a decrease of -3.5% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Tools For Bearing Production in Asia-Pacific

In value terms, tools for bearing production shrank to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 21%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Tools For Bearing Exports

Exports in Asia-Pacific

Tools for bearing exports contracted slightly to X tons in 2022, leveling off at 2021 figures. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 32% against the previous year. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, tools for bearing exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 78% of total exports in 2022. Japan (X tons) took a 9.9% share (based on physical terms) of total exports, which put it in second place, followed by India (5.4%). The following exporters - Indonesia (X tons) and Taiwan (Chinese) (X tons) - each finished at a 3.7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tools for bearing exports from China stood at +3.1%. At the same time, India (+12.2%) and Indonesia (+11.5%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +12.2% from 2012-2022. By contrast, Japan (-1.6%) and Taiwan (Chinese) (-2.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and China increased by +3.2 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tools for bearing supplier in Asia-Pacific, comprising 57% of total exports. The second position in the ranking was taken by Japan ($X), with a 21% share of total exports. It was followed by India, with a 6.9% share.

In China, tools for bearing exports increased at an average annual rate of +3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-4.1% per year) and India (+10.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, falling by -3.7% against the previous year. In general, the export price recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 an increase of 8.8% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Tools For Bearing Imports

Imports in Asia-Pacific

In 2022, the amount of balls, needles and rollers for ball or roller bearings imported in Asia-Pacific shrank to X tons, declining by -14% compared with 2021. Total imports indicated tangible growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 32%. As a result, imports reached the peak of X tons, and then dropped in the following year.

In value terms, tools for bearing imports dropped to $X in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, South Korea (X tons), distantly followed by India (X tons), China (X tons), Thailand (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) represented the major importers of balls, needles and rollers for ball or roller bearings, together mixing up 86% of total imports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +10.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tools for bearing importing markets in Asia-Pacific were China ($X), South Korea ($X) and India ($X), with a combined 63% share of total imports.

Among the main importing countries, India, with a CAGR of +6.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, surging by 3.7% against the previous year. Over the period under review, the import price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2017 an increase of 15% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, 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 China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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