Japan: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Japan

The Japanese market for bearing housings incorporating ball or roller bearings totaled $X in 2022, surging by 3.7% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Japan

In value terms, bearing housing with ball bearing production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a slight shrinkage. The pace of growth was the most pronounced in 2018 when the production volume increased by 28%. Bearing housing with ball bearing production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Japan

In 2022, exports of bearing housings incorporating ball or roller bearings from Japan contracted to X tons, which is down by -13.3% compared with 2021 figures. Overall, exports saw a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 30%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing housing with ball bearing exports fell dramatically to $X in 2022. Over the period under review, exports showed a perceptible contraction. The pace of growth was the most pronounced in 2021 when exports increased by 40%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for bearing housing with ball bearing exports from Japan, accounting for a 25% share of total exports. Moreover, bearing housing with ball bearing exports to China exceeded the volume sent to the second major destination, India (X tons), twofold. France (X tons) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+28.0% per year) and France (+10.8% per year).

In value terms, China ($X), France ($X) and the United States ($X) were the largest markets for bearing housing with ball bearing exported from Japan worldwide, together comprising 46% of total exports. India, Canada, Singapore, Thailand, Italy, Malaysia, Taiwan (Chinese), Panama, the Netherlands and Germany lagged somewhat behind, together accounting for a further 41%.

Among the main countries of destination, India, with a CAGR of +25.6%, saw the highest growth rate of 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

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, reducing by -8.4% against the previous year. Over the period under review, the export price showed a slight decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 12% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Singapore ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Japan

In 2022, supplies from abroad of bearing housings incorporating ball or roller bearings was finally on the rise to reach X tons after three years of decline. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing with ball bearing imports skyrocketed to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of bearing housing with ball bearing to Japan, accounting for a 96% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+43.6% per year) and South Korea (-9.0% per year).

In value terms, China ($X) constituted the largest supplier of bearing housings incorporating ball or roller bearings to Japan, comprising 83% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 3.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+52.3% per year) and South Korea (-2.3% per year).

Import Prices by Country

The average import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, with a decrease of -9.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2021 an increase of 12%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :