Japan: Bearing Market 2024

Bearing Market Size in Japan

The Japanese bearing market reached $X in 2022, stabilizing at the previous year. Overall, consumption saw a pronounced descent. Bearing consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Bearing Production in Japan

In value terms, bearing production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decrease. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bearing Exports

Exports from Japan

In 2022, overseas shipments of ball or roller bearings increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, bearing exports reduced to $X in 2022. Over the period under review, exports, however, saw a slight descent. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and Thailand (X tons) were the main destinations of bearing exports from Japan, together accounting for X% of total exports. Germany, South Korea, the Netherlands, Singapore, Indonesia, India, Taiwan (Chinese), the United Arab Emirates, France and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X), the United States ($X) and South Korea ($X) were the largest markets for bearing exported from Japan worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bearing export price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to the United Arab Emirates ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

Bearing Imports

Imports into Japan

In 2022, supplies from abroad of ball or roller bearings increased by X% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of X% over the period 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 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, bearing imports rose remarkably to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bearing to Japan, with a X% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), twofold. The third position in this ranking was taken by Thailand (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of ball or roller bearings to Japan, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by South Korea, with an X% share.

From 2012 to 2021, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

Import Prices by Country

The average bearing import price stood at $X per ton in 2021, reducing by X% against the previous year. Over the period under review, the import price recorded a slight descent. The growth pace was the most rapid in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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