China: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in China

In 2021, the Chinese spherical roller bearing market decreased by -20.1% to $X, falling for the second consecutive year after eight years of growth. Over the period under review, the total consumption indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -23.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a lower figure.

Spherical Roller Bearing Production in China

In value terms, spherical roller bearing production expanded rapidly to $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -5.0% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 29% against the previous year. Spherical roller bearing production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Spherical Roller Bearing Exports

Exports from China

In 2021, approx. X tons of spherical roller bearings were exported from China; with an increase of 64% compared with 2020 figures. Overall, exports enjoyed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, spherical roller bearing exports soared to $X in 2021. In general, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 62%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X tons), France (X tons) and Malaysia (X tons) were the main destinations of spherical roller bearing exports from China, together comprising 37% of total exports. The United States, Brazil, the United Arab Emirates, South Korea, Singapore, Turkey, Italy, Germany, Taiwan (Chinese) and Belgium lagged somewhat behind, together accounting for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, India ($X), France ($X) and Singapore ($X) constituted the largest markets for spherical roller bearing exported from China worldwide, together comprising 39% of total exports. The United States, Malaysia, South Korea, Brazil, Taiwan (Chinese), the United Arab Emirates, Belgium, Turkey, Italy and Germany lagged somewhat behind, together accounting for a further 40%.

Brazil, with a CAGR of +22.9%, 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

In 2021, the average spherical roller bearing export price amounted to $X per ton, waning by -14.3% against the previous year. Overall, the export price recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 when the average export price increased by 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United Arab Emirates ($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 Arab Emirates (-3.3%), while the prices for the other major destinations experienced a decline.

Spherical Roller Bearing Imports

Imports into China

In 2021, after four years of growth, there was significant decline in purchases abroad of spherical roller bearings, when their volume decreased by -11% to X tons. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +88.7% against 2016 indices. The growth pace was the most rapid in 2020 with an increase of 42%. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, spherical roller bearing imports contracted to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Japan (X tons), Germany (X tons) and Romania (X tons) were the main suppliers of spherical roller bearing imports to China, together comprising 71% of total imports. These countries were followed by Sweden, Malaysia, the Czech Republic, the UK and the United States, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +32.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing suppliers to China were Germany ($X), Japan ($X) and Sweden ($X), together accounting for 65% of total imports. Romania, Malaysia, the Czech Republic, the UK and the United States lagged somewhat behind, together accounting for a further 33%.

The Czech Republic, with a CAGR of +22.1%, saw the highest rates of growth with regard to 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, picking up by 6.5% against the previous year. Overall, the import price, however, saw a perceptible decline. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for the Czech Republic ($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 UK (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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