CIS: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in CIS

The CIS spherical roller bearing market totaled $X in 2021, rising by 6.6% against the previous year. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Spherical Roller Bearing Production in CIS

In value terms, spherical roller bearing production contracted to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 145%. Over the period under review, production attained the maximum level at $X in 2020, and then fell in the following year.

Spherical Roller Bearing Exports

Exports in CIS

In 2021, overseas shipments of spherical roller bearings decreased by -18.2% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when exports increased by 30%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, spherical roller bearing exports reduced to $X in 2021. Overall, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Belarus (X tons) represented the key exporter of spherical roller bearings, committing 64% of total exports. It was distantly followed by Russia (X tons), committing a 34% share of total exports. Kazakhstan (X tons) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of -1.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest spherical roller bearing supplying countries in the CIS were Belarus ($X), Russia ($X) and Kazakhstan ($X), together comprising 100% of total exports.

Russia, with a CAGR of -0.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, rising by 10% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 22% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($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 (+0.8%), while the other leaders experienced a decline in the export price figures.

Spherical Roller Bearing Imports

Imports in CIS

For the third consecutive year, the CIS recorded growth in overseas purchases of spherical roller bearings, which increased by 1.6% to X tons in 2021. Overall, imports recorded a moderate increase. The growth pace was the most rapid in 2016 with an increase of 101%. The volume of import peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, spherical roller bearing imports expanded sharply to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 104%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Russia was the key importing country with an import of around X tons, which amounted to 81% of total imports. Kazakhstan (X tons) ranks second in terms of the total imports with an 11% share, followed by Belarus (4.8%). Azerbaijan (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +3.1% from 2012 to 2021. At the same time, Azerbaijan (+60.4%) and Kazakhstan (+6.4%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +60.4% from 2012-2021. By contrast, Belarus (-11.0%) illustrated a downward trend over the same period. While the share of Russia (+6.3 p.p.), Kazakhstan (+3.3 p.p.) and Azerbaijan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belarus (-11.8 p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported spherical roller bearings in the CIS, comprising 76% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 12% share of total imports. It was followed by Belarus, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+1.6% per year) and Belarus (-4.1% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, surging by 8.7% against the previous year. Over the period under review, the import price, however, saw a perceptible reduction. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belarus ($X per ton) and Kazakhstan ($X per ton), while Russia ($X per ton) and Azerbaijan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+7.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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