Bangladesh: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Bangladesh

In 2022, after three years of growth, there was significant decline in the Bangladeshi cylindrical roller bearing market, when its value decreased by -7.7% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Bangladesh

In 2022, overseas shipments of cylindrical roller bearings decreased by 0% to X kg, falling for the second year in a row after two years of growth. Overall, exports recorded a dramatic setback. The growth pace was the most rapid in 2016 when exports increased by 50%. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cylindrical roller bearing exports totaled $X in 2022. In general, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2017 with an increase of 35%. The Bangladesh exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Germany (X tons), China (X tons) and Japan (X tons), together resulting at 53% of total export. Romania (X tons) held a 7.7% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (5.6%). Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Bangladesh, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in Bangladesh amounted to $X per ton, approximately reflecting the previous year. In general, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 an increase of 116%. The Bangladesh export price peaked in 2022 and is expected to retain growth in the near future.

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 France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Bangladesh

Cylindrical roller bearing imports into Bangladesh expanded modestly to X tons in 2022, picking up by 3.7% against 2021. Overall, imports continue to indicate a measured increase. The pace of growth was the most pronounced in 2014 when imports increased by 258% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, cylindrical roller bearing imports fell to $X in 2022. Over the period under review, imports, however, saw a slight setback. The most prominent rate of growth was recorded in 2014 with an increase of 259% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together recording 42% of total import. It was distantly followed by the United States (X tons), comprising a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into Bangladesh were China ($X), Germany ($X) and the United States ($X), together comprising 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Spain, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, among 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 Bangladesh amounted to $X per ton, with a decrease of -13.5% against the previous year. Overall, the import price saw a deep slump. The pace of growth appeared the most rapid in 2016 an increase of 17%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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