CIS: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in CIS

The CIS cylindrical roller bearing market fell significantly to $X in 2022, shrinking by -16.4% against the previous year. Overall, consumption continues to indicate a noticeable decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cylindrical Roller Bearing Production in CIS

In value terms, cylindrical roller bearing production contracted slightly to $X in 2022 estimated in export price. In general, production showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 38% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports in CIS

Cylindrical roller bearing exports rose significantly to X tons in 2022, surging by 13% on 2021 figures. In general, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 47% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, cylindrical roller bearing exports skyrocketed to $X in 2022. Overall, exports, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of 43%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Kazakhstan (X tons) represented the key exporter of cylindrical roller bearings, constituting 63% of total exports. Russia (X tons) ranks second in terms of the total exports with a 33% share, followed by Belarus (4.7%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Belarus (with a CAGR of -0.1%), while the other leaders experienced a decline in the exports figures.

In value terms, Kazakhstan ($X) remains the largest cylindrical roller bearing supplier in the CIS, comprising 78% of total exports. The second position in the ranking was held by Russia ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to -1.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-6.3% per year) and Belarus (+11.1% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by 25% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+11.3%), while the other leaders experienced a decline in the export price figures.

Cylindrical Roller Bearing Imports

Imports in CIS

In 2022, cylindrical roller bearing imports in the CIS contracted modestly to X tons, reducing by -3.4% compared with 2021 figures. Overall, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2017 with an increase of 44% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, cylindrical roller bearing imports contracted to $X in 2022. Over the period under review, imports recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 with an increase of 58% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia dominates imports structure, recording X tons, which was near 91% of total imports in 2022. It was distantly followed by Belarus (X tons), creating a 4.6% share of total imports. Kazakhstan (X tons) held a little share of total imports.

Imports into Russia decreased at an average annual rate of -4.6% from 2012 to 2022. At the same time, Kazakhstan (+9.1%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +9.1% from 2012-2022. By contrast, Belarus (-6.4%) illustrated a downward trend over the same period. Kazakhstan (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -1.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported cylindrical roller bearings in the CIS, comprising 83% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 7.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at -4.5%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+2.9% per year) and Belarus (-6.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, falling by -2.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 13%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+0.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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