India: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

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

After six years of growth, the Indian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -3% to $X in 2021. Overall, consumption continues to indicate a prominent increase. Bearing housing without ball bearing consumption peaked at $X in 2020, and then contracted modestly in the following year.

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

In value terms, bearing housing without ball bearing production shrank to $X in 2021 estimated in export price. Overall, production saw buoyant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by 29%. Bearing housing without ball bearing production peaked at $X in 2020, and then declined slightly in the following year.

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

Exports from India

In 2021, after two years of decline, there was significant growth in overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume increased by 50% to X tons. In general, exports saw a prominent increase. The pace of growth appeared the most rapid in 2016 when exports increased by 58% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 62%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), the United States (X tons) and Sweden (X tons) were the main destinations of bearing housing without ball bearing exports from India, together comprising 61% of total exports. These countries were followed by Germany, Poland, Serbia, the UK, Brazil, France, Nigeria, Austria and Italy, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Serbia (with a CAGR of +83.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from India, comprising 31% of total exports. The second position in the ranking was taken by Sweden ($X), with a 14% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+51.5% per year) and Germany (+5.9% per year).

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, with a decrease of -6.5% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bearing housing without ball bearing export price increased by +31.5% against 2016 indices. The pace of growth was the most pronounced in 2013 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into India

In 2021, purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and Japan (X tons) were the main suppliers of bearing housing without ball bearing imports to India, together accounting for 50% of total imports. The United States, South Korea, the UK, Singapore, Thailand, Italy, France and Switzerland lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +22.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing without ball bearing suppliers to India were Germany ($X), China ($X) and Japan ($X), together accounting for 49% of total imports. The United States, South Korea, the UK, Singapore, Thailand, Italy, France and Switzerland lagged somewhat behind, together comprising a further 38%.

Singapore, with a CAGR of +20.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, almost unchanged from the previous year. Overall, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 8.3% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Thailand ($X per ton) and Japan ($X per ton), while the price for Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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