China: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in China

In 2021, the Chinese market for bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -1.5% to $X, falling for the second year in a row after eight years of growth. Overall, consumption, however, enjoyed a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in China

In value terms, bearing housing without ball bearing production rose modestly to $X in 2021 estimated in export price. In general, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 26%. Bearing housing without ball bearing production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from China

In 2021, shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 118% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, 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 South Korea (X tons) were the main destinations of bearing housing without ball bearing exports from China, with a combined 35% share of total exports. These countries were followed by Italy, Japan, India, Vietnam, France, Taiwan (Chinese), Brazil, the UK, Turkey and Thailand, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +35.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Italy ($X) appeared to be the largest markets for bearing housing without ball bearing exported from China worldwide, with a combined 35% share of total exports. South Korea, Japan, India, the UK, Vietnam, Thailand, France, Turkey, Brazil and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 36%.

Vietnam, with a CAGR of +15.2%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, dropping by -33.2% against the previous year. Over the period under review, the export price faced a deep contraction. The growth pace was the most rapid in 2013 an increase of 11% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Thailand ($X per ton) and the United States ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (-12.7%), while the prices for the other major destinations experienced a decline.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into China

In 2021, after two years of decline, there was growth in overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume increased by 1.8% to X tons. In general, total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% 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 decreased by -30.0% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing imports reached $X in 2021. The total import value increased at an average annual rate of +3.4% over the period 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 2017 with an increase of 22%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Japan (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of bearing housing without ball bearing imports to China, together comprising 52% of total imports. Taiwan (Chinese), Sweden, Italy, the United States, India, Spain, France, Thailand, Singapore and the UK lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +32.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing without ball bearing suppliers to China were Germany ($X), Japan ($X) and the United States ($X), together accounting for 61% of total imports. South Korea, France, Taiwan (Chinese), Italy, the UK, India, Sweden, Thailand, Singapore and Spain lagged somewhat behind, together comprising a further 26%.

Thailand, with a CAGR of +30.3%, 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 import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, picking up by 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2019 when the average import price increased by 23%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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