Report Update Nov 1, 2024

Bangladesh - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Bangladesh

After two years of decline, the Bangladeshi needle roller bearing market increased by 128% to $X in 2021. In general, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Needle Roller Bearing Exports

Exports from Bangladesh

For the fourth year in a row, Bangladesh recorded growth in overseas shipments of needle roller bearings, which increased by 67% to X kg in 2021. Over the period under review, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 125% against the previous year. As a result, the exports reached the peak of X kg. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, needle roller bearing exports skyrocketed to $X in 2021. In general, exports, however, recorded a noticeable decline. The pace of growth was the most pronounced in 2016 with an increase of 162% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ethiopia (X kg) was the main destination for needle roller bearing exports from Bangladesh, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ethiopia amounted to +6.0%.

In value terms, Ethiopia ($X) emerged as the key foreign market for needle roller bearing exports from Bangladesh.

From 2012 to 2021, the average annual rate of growth in terms of value to Ethiopia amounted to -8.0%.

Export Prices by Country

In 2021, the average needle roller bearing export price amounted to $X per ton, waning by -16.2% against the previous year. Overall, the export price faced a abrupt decline. The growth pace was the most rapid in 2016 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Ethiopia.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -5.0% per year.

Needle Roller Bearing Imports

Imports into Bangladesh

In 2021, supplies from abroad of needle roller bearings increased by 116% to X tons, rising for the second consecutive year after three years of decline. In general, imports enjoyed strong growth. The pace of growth was the most pronounced in 2014 with an increase of 348% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, needle roller bearing imports soared to $X in 2021. Overall, imports recorded a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 346%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Japan (X tons) were the main suppliers of needle roller bearing imports to Bangladesh, with a combined 78% share of total imports. The United Arab Emirates, Singapore, Norway, Germany and Italy lagged somewhat behind, together comprising a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +64.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and China ($X) constituted the largest needle roller bearing suppliers to Bangladesh, with a combined 65% share of total imports. The United Arab Emirates, Singapore, Germany, Norway and Italy lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +64.2%, recorded 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 average needle roller bearing import price stood at $X per ton in 2021, growing by 8.7% against the previous year. In general, the import price, however, recorded a pronounced downturn. The growth pace was the most rapid in 2019 when the average import price increased by 12% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+40.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for needle roller bearings in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together comprising 44% of global consumption. These countries were followed by India, Mexico, Brazil, Japan, Russia, Canada, France, Vietnam, South Korea and the Philippines, which together accounted for a further 34%.

What are the largest producers of needle roller bearings in the world?

China constituted the country with the largest volume of needle roller bearing production, comprising approx. 28% of total volume. Moreover, needle roller bearing production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The United States ranked third in terms of total production with an 8.4% share.

What are the leading suppliers of needle roller bearings to Bangladesh?

In value terms, the largest needle roller bearing suppliers to Bangladesh were India, China and the United Arab Emirates, together accounting for 57% of total imports.

What are the leading importers of needle roller bearings from Bangladesh?

In value terms, Indonesia $76) remains the key foreign market for needle roller bearing exports from Bangladesh.

What is the average export price for needle roller bearings in Bangladesh?

In 2020, the average needle roller bearing export price amounted to $19,000 per ton, with an increase of 16% against the previous year.

What is the average import price for needle roller bearings in Bangladesh?

The average needle roller bearing import price stood at $78,685 per ton in 2021, increasing by 27% against the previous year.

This report provides an in-depth analysis of the needle roller bearing market in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28151070 - Needle roller bearings

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023