China: Bearing Market 2025

Bearing Market Size in China

In 2021, the Chinese bearing market decreased by -8.6% to $X, falling for the third year in a row after five years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. Bearing consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Bearing Production in China

In value terms, bearing production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of 10%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Bearing Exports

Exports from China

Bearing exports from China soared to X tons in 2021, growing by 33% compared with 2020. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of 339% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bearing exports soared to $X in 2021. The total export value increased at an average annual rate of +5.4% 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

The United States (X tons), Germany (X tons) and India (X tons) were the main destinations of bearing exports from China, with a combined 1.1% share of total exports. These countries were followed by South Korea, Italy, Japan, Brazil, Mexico, France, Vietnam, Taiwan (Chinese), Malaysia and Singapore, which together accounted for a further 1.4%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +26.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing exported from China were the United States ($X), Germany ($X) and India ($X), with a combined 38% share of total exports. South Korea, Italy, Japan, Brazil, Mexico, Vietnam, France, Taiwan (Chinese), Malaysia and Singapore lagged somewhat behind, together accounting for a further 47%.

Among the main countries of destination, Vietnam, with a CAGR of +17.3%, recorded the highest growth rate of 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

The average bearing export price stood at $X per ton in 2020, surging by 24% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2020, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per ton) and India ($X per ton), while the average price for exports to France ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-6.9%), while the prices for the other major destinations experienced a decline.

Bearing Imports

Imports into China

In 2021, imports of ball and roller bearings into China expanded sharply to X tons, surging by 8% compared with 2020. Over the period under review, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2019 with an increase of 58%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, bearing imports soared to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +65.3% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of bearing imports to China, together comprising 1.7% of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +50.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing suppliers to China were Japan ($X), Germany ($X) and Taiwan (Chinese) ($X), with a combined 67% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of +27.8%, 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 average bearing import price stood at $X per ton in 2020, increasing by 71% against the previous year. Over the period under review, the import price, however, recorded a slight curtailment. The import price peaked at $X per ton in 2013; however, from 2014 to 2020, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the countries with the highest prices were Romania ($X per ton) and Thailand ($X per ton), while the price for Slovakia ($X per ton) and Taiwan (Chinese) ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Romania (-15.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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