Japan: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Japan

The Japanese spherical roller bearing market fell to $X in 2021, which is down by -8.4% against the previous year. Over the period under review, consumption, however, saw noticeable growth. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Spherical Roller Bearing Production in Japan

In value terms, spherical roller bearing production declined slightly to $X in 2021 estimated in export price. In general, production saw a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by 20% against the previous year. Spherical roller bearing production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Spherical Roller Bearing Exports

Exports from Japan

After two years of decline, overseas shipments of spherical roller bearings increased by 0.9% to X tons in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 15% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, spherical roller bearing exports stood at $X in 2021. In general, exports, however, continue to indicate a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of 9.7% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), South Korea (X tons) and the United States (X tons) were the main destinations of spherical roller bearing exports from Japan, with a combined 60% share of total exports. The Netherlands, Brazil, Germany, India, Singapore, Taiwan (Chinese), the United Arab Emirates, Australia and South Africa lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +11.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for spherical roller bearing exported from Japan were China ($X), South Korea ($X) and the United States ($X), with a combined 56% share of total exports. The Netherlands, Brazil, Germany, India, Australia, Singapore, Taiwan (Chinese), the United Arab Emirates and South Africa lagged somewhat behind, together comprising a further 33%.

India, with a CAGR of +9.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2019 when the average export price increased by 3.2%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to South Korea ($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 Germany (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.

Spherical Roller Bearing Imports

Imports into Japan

In 2021, supplies from abroad of spherical roller bearings was finally on the rise to reach X tons after two years of decline. Overall, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 when imports increased by 9.4% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, spherical roller bearing imports expanded slightly to $X in 2021. Over the period under review, imports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2018 when imports increased by 33%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Sweden (X tons), China (X tons) and Germany (X tons) were the main suppliers of spherical roller bearing imports to Japan, with a combined 87% share of total imports. Malaysia, the United States and the UK lagged somewhat behind, together accounting for a further 8.3%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +24.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest spherical roller bearing suppliers to Japan were Sweden ($X), China ($X) and Germany ($X), together accounting for 69% of total imports. These countries were followed by the United States, the UK and Malaysia, which together accounted for a further 24%.

Malaysia, with a CAGR of +20.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, shrinking by -2.8% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 24% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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