CIS: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in CIS

The CIS ball bearing parts market dropped modestly to $X in 2021, waning by -4.6% against the previous year. Over the period under review, consumption showed a perceptible shrinkage. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Ball Bearing Parts Production in CIS

In value terms, ball bearing parts production reached $X in 2021 estimated in export price. In general, production, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2019 with an increase of 27%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Ball Bearing Parts Exports

Exports in CIS

In 2021, exports of parts of ball or roller bearings in the CIS skyrocketed to X tons, increasing by 329% compared with 2020 figures. Over the period under review, exports showed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing parts exports soared to $X in 2021. Overall, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia dominates exports structure, accounting for X tons, which was approx. 88% of total exports in 2021. It was distantly followed by Kazakhstan (X tons), making up a 9.1% share of total exports. Belarus (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the parts of ball or roller bearings exports, with a CAGR of +18.2% from 2012 to 2021. Kazakhstan (-7.5%) and Belarus (-8.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia increased by +43 percentage points.

In value terms, Russia ($X) remains the largest ball bearing parts supplier in the CIS, comprising 94% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled +26.2%. In the other countries, the average annual rates were as follows: Kazakhstan (-14.3% per year) and Belarus (-7.6% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, surging by 30% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball bearing parts export price increased by +60.9% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 35% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.8%), while the other leaders experienced mixed trends in the export price figures.

Ball Bearing Parts Imports

Imports in CIS

In 2021, purchases abroad of parts of ball or roller bearings decreased by -25.6% to X tons, falling for the fourth year in a row after two years of growth. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.0% 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 -40.1% against 2017 indices. The pace of growth appeared the most rapid in 2017 with an increase of 62% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, ball bearing parts imports contracted remarkably to $X in 2021. Total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% 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 -36.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 with an increase of 61% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, reaching X tons, which was approx. 95% of total imports in 2021. Uzbekistan (X tons) held a relatively small share of total imports.

Russia was also the fastest-growing in terms of the parts of ball or roller bearings imports, with a CAGR of +4.5% from 2012 to 2021. Uzbekistan (-10.5%) illustrated a downward trend over the same period. Russia (+12 p.p.) significantly strengthened its position in terms of the total imports, while Uzbekistan saw its share reduced by -4.8% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported parts of ball or roller bearings in the CIS, comprising 88% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +3.5%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, growing by 5% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The most prominent rate of growth was recorded in 2015 an increase of 16%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Russia ($X per ton), while Uzbekistan stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+3.6%).

Source: IndexBox Platform

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