Eastern Asia: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2025

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Eastern Asia

In 2021, after two years of decline, there was growth in the East Asian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings, when its value increased by 2.3% to $X. In general, consumption continues to indicate a buoyant increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Eastern Asia

In value terms, bearing housing without ball bearing production rose markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the production volume increased by 34% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports in Eastern Asia

In 2021, overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 69% to X tons, rising for the fifth year in a row after two years of decline. Overall, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the major exporting country with an export of about X tons, which recorded 65% of total exports. Japan (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons) and South Korea (X tons). All these countries together took near 34% share of total exports.

China was also the fastest-growing in terms of the bearing housings not incorporating ball or roller bearings, plain shaft bearings exports, with a CAGR of +21.9% from 2012 to 2021. At the same time, South Korea (+7.1%) displayed positive paces of growth. By contrast, Japan (-1.3%) and Taiwan (Chinese) (-2.6%) illustrated a downward trend over the same period. China (+42 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Japan saw its share reduced by -10.4% and -30.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bearing housing without ball bearing supplying countries in Eastern Asia were Japan ($X), China ($X) and South Korea ($X), together accounting for 94% of total exports.

South Korea, with a CAGR of +5.6%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, declining by -23.6% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2015 when the export price increased by 3.6% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the other leaders experienced a decline in the export price figures.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports in Eastern Asia

After two years of decline, purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 9.8% to X tons in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 13% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by 12%. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

China (X tons), Japan (X tons) and South Korea (X tons) represented roughly 84% of total imports in 2021. It was distantly followed by Taiwan (Chinese) (X tons), making up a 12% share of total imports. Hong Kong SAR (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hong Kong SAR (with a CAGR of +12.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported bearing housings not incorporating ball or roller bearings, plain shaft bearings in Eastern Asia, comprising 55% of total imports. The second position in the ranking was taken by Japan ($X), with a 19% share of total imports. It was followed by South Korea, with a 16% share.

In China, bearing housing without ball bearing imports expanded at an average annual rate of +3.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-0.5% per year) and South Korea (-0.1% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, growing by 1.8% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2020 an increase of 7.8%. The level of import 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 importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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