Report Update Nov 1, 2024

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

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Bangladesh: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Bangladesh

The Bangladeshi spherical roller bearing market surged to $X in 2021, with an increase of 80% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a resilient expansion. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Spherical Roller Bearing Exports

Exports from Bangladesh

After four years of growth, overseas shipments of spherical roller bearings decreased by -15.2% to X kg in 2021. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 92%. As a result, the exports reached the peak of X kg, and then shrank rapidly in the following year.

In value terms, spherical roller bearing exports dropped to $X in 2021. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 94%. As a result, the exports reached the peak of $X, and then fell in the following year.

Exports by Country

Vietnam (X kg) was the main destination for spherical roller bearing exports from Bangladesh, with a 97% share of total exports. It was followed by Singapore (X kg), with a 2.6% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Vietnam was relatively modest.

In value terms, Vietnam ($X) emerged as the key foreign market for spherical roller bearings exports from Bangladesh, comprising 97% of total exports. The second position in the ranking was held by Singapore ($X), with a 2.2% share of total exports.

From 2015 to 2021, the average annual growth rate of value to Vietnam was relatively modest.

Export Prices by Country

In 2021, the average spherical roller bearing export price amounted to $X per ton, surging by 1.8% against the previous year. Overall, the export price, however, showed a deep downturn. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Vietnam amounted to $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+1.2%).

Spherical Roller Bearing Imports

Imports into Bangladesh

In 2021, imports of spherical roller bearings into Bangladesh skyrocketed to X tons, surging by 127% on the year before. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 439% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, spherical roller bearing imports surged to $X in 2021. Overall, imports recorded a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 317% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of spherical roller bearing to Bangladesh, with a 70% share of total imports. Moreover, spherical roller bearing imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), eightfold. The third position in this ranking was held by India (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +44.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+28.0% per year) and India (+58.0% per year).

In value terms, China ($X), India ($X) and Singapore ($X) were the largest spherical roller bearing suppliers to Bangladesh, with a combined 70% share of total imports.

India, with a CAGR of +61.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average spherical roller bearing import price amounted to $X per ton, falling by -36.7% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2015 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, 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 Finland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+8.5%), 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 spherical roller bearings in the world?

China remains the largest spherical roller bearing consuming country worldwide, accounting for 24% of total volume. Moreover, spherical roller bearing consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.1% share.

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

The countries with the highest volumes of in 2021 were China, Japan and the United States, with a combined 41% share of global production. Sweden, Germany, India, Romania, South Africa, Russia, France, Malaysia and the UK lagged somewhat behind, together accounting for a further 45%.

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

In value terms, the largest spherical roller bearing suppliers to Bangladesh were Singapore, China and India, together accounting for 62% of total imports.

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

In value terms, Indonesia $9) remains the key foreign market for spherical roller bearing exports from Bangladesh.

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

In 2020, the average spherical roller bearing export price amounted to $9,000 per ton, declining by -18.2% against the previous year.

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

In 2021, the average spherical roller bearing import price amounted to $8,079 per ton, dropping by -25.8% against the previous year.

This report provides an in-depth analysis of the spherical 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 28151055 - Spherical 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