China: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in China

In 2021, after four years of growth, there was significant decline in the Chinese ball bearing parts market, when its value decreased by -11.9% to $X. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Ball Bearing Parts Production in China

In value terms, ball bearing parts production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% 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 2016 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Ball Bearing Parts Exports

Exports from China

In 2021, shipments abroad of parts of ball or roller bearings was finally on the rise to reach X tons after two years of decline. Over the period under review, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.9% 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.

In value terms, ball bearing parts exports soared to $X in 2021. The total export value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons), Italy (X tons) and India (X tons) were the main destinations of ball bearing parts exports from China, with a combined 29% share of total exports. These countries were followed by Germany, the United States, Mexico, Vietnam, Brazil, France, Japan, Slovakia, Malaysia and Indonesia, which together accounted for a further 45%.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +31.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball bearing parts exported from China were South Korea ($X), the United States ($X) and Italy ($X), with a combined 27% share of total exports. These countries were followed by Germany, India, Japan, Mexico, France, Brazil, Vietnam, Slovakia, Indonesia and Malaysia, which together accounted for a further 46%.

Vietnam, with a CAGR of +17.6%, saw the highest rates of growth with regard to the value of exports, among 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

The average ball bearing parts export price stood at $X per ton in 2021, surging by 6.2% against the previous year. Over the period under review, the export price, however, saw a pronounced slump. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into China

In 2021, approx. X tons of parts of ball or roller bearings were imported into China; growing by 42% against the year before. In general, imports saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 91%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, ball bearing parts imports surged to $X in 2021. Overall, imports continue to indicate a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of ball bearing parts imports to China, with a combined 29% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +16.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and South Korea ($X) appeared to be the largest ball bearing parts suppliers to China, together comprising 32% of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +14.3%, saw 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 2021, the average ball bearing parts import price amounted to $X per ton, rising by 9.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2016 when the average import price increased by 15%. Over the period under review, average import prices reached the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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