China: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in China

The Chinese cylindrical roller bearing market dropped significantly to $X in 2022, with a decrease of -17.1% against the previous year. Over the period under review, consumption continues to indicate a slight decline. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Cylindrical Roller Bearing Production in China

In value terms, cylindrical roller bearing production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 49%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from China

For the fourth year in a row, China recorded growth in shipments abroad of cylindrical roller bearings, which increased by 15% to X tons in 2022. Over the period under review, exports posted strong growth. The pace of growth appeared the most rapid in 2014 when exports increased by 70% against the previous year. The China exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cylindrical roller bearing exports amounted to $X in 2022. In general, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.6% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by 70%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Germany (X tons), distantly followed by Japan (X tons), Romania (X tons), Slovakia (X tons), Taiwan (Chinese) (X tons) and Kazakhstan (X tons) represented the largest exporters of cylindrical roller bearings, together committing 56% of total exports. The following exporters - Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons) and India (X tons) - each reached a 13% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from China, comprising 27% of global exports. The second position in the ranking was taken by Japan ($X), with an 11% share of global exports. It was followed by Romania, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and Romania (+1.3% per year).

Export Prices by Country

In 2022, the export price in China amounted to $X per ton, reducing by -4.5% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The pace of growth appeared the most rapid in 2017 when the export price increased by 7.8%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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 China

In 2022, approx. X tons of cylindrical roller bearings were imported into China; falling by -21.5% against the year before. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -22.4% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 45% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cylindrical roller bearing imports fell to $X in 2022. Overall, imports, however, showed modest growth. The pace of growth was the most pronounced in 2020 when imports increased by 19%. Over the period under review, imports hit record highs at $X in 2021, and then fell in the following year.

Imports by Country

Russia (X tons) and Germany (X tons) represented roughly 25% of total imports in 2022. It was distantly followed by the United States (X tons), creating 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), the Czech Republic (X tons) and France (X tons) followed a long way behind the leaders.

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, Germany ($X), the United States ($X) and Mexico ($X) constituted the countries with the highest levels of imports in 2022, with a combined 26% share of total imports. Italy, France, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Spain, with a CAGR of +13.7%, recorded the highest growth rate of 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

In 2022, the import price in China amounted to $X per ton, surging by 8.7% against the previous year. Over the period under review, the import price, however, continues to indicate a slight shrinkage. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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