Eastern Asia: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Eastern Asia

In 2022, the East Asian market for bearing housings incorporating ball or roller bearings decreased by -20% to $X, falling for the third consecutive year after six years of growth. Over the period under review, consumption, however, saw pronounced growth. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Eastern Asia

In value terms, bearing housing with ball bearing production reduced slightly to $X in 2022 estimated in export price. In general, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 33%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in Eastern Asia

For the fifth consecutive year, Eastern Asia recorded growth in shipments abroad of bearing housings incorporating ball or roller bearings, which increased by 48% to X tons in 2022. In general, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 73%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, bearing housing with ball bearing exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, amounting to X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Japan (X tons), comprising a 7.2% share of total exports.

China was also the fastest-growing in terms of the bearing housings incorporating ball or roller bearings exports, with a CAGR of +22.8% from 2012 to 2022. Japan (-2.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +42 percentage points.

In value terms, China ($X) remains the largest bearing housing with ball bearing supplier in Eastern Asia, comprising 80% of total exports. The second position in the ranking was taken by Japan ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled +6.4%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with a decrease of -27.2% against the previous year. Overall, the export price recorded a deep reduction. The growth pace was the most rapid in 2018 an increase of 15% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.0%).

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in Eastern Asia

In 2022, supplies from abroad of bearing housings incorporating ball or roller bearings increased by 9.1% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 19%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, bearing housing with ball bearing imports reached $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

In 2022, Japan (X tons) and China (X tons) represented the main importers of bearing housings incorporating ball or roller bearings in Eastern Asia, together constituting 77% of total imports. It was distantly followed by Taiwan (Chinese) (X tons) and South Korea (X tons), together constituting a 22% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +8.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported bearing housings incorporating ball or roller bearings in Eastern Asia, comprising 56% of total imports. The second position in the ranking was held by Japan ($X), with a 23% share of total imports. It was followed by South Korea, with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Japan (+5.6% per year) and South Korea (+8.9% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, shrinking by -7.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by 17%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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