Malaysia: 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 Malaysia

In 2021, the Malaysian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a strong 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 Malaysia

In value terms, bearing housing without ball bearing production totaled $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by 48% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

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

Exports from Malaysia

Bearing housing without ball bearing exports from Malaysia soared to X tons in 2021, growing by 50% on the previous year's figure. In general, exports, however, saw a noticeable downturn. The growth pace was the most rapid in 2019 with an increase of 175% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. Over the period under review, exports saw a mild increase. The most prominent rate of growth was recorded in 2018 with an increase of 136%. Over the period under review, the exports hit record highs at $X in 2013; afterwards, it flattened through to 2021.

Exports by Country

Thailand (X tons), the United States (X tons) and Singapore (X tons) were the main destinations of bearing housing without ball bearing exports from Malaysia, together accounting for 40% of total exports. Indonesia, Australia, Vietnam, Russia, Hong Kong SAR, Chile, China, Germany, Belarus and Lithuania lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Chile (with a CAGR of +67.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing housing without ball bearing exported from Malaysia were Thailand ($X), Singapore ($X) and Indonesia ($X), together accounting for 49% of total exports. Chile, Australia, the United States, Hong Kong SAR, Vietnam, China, Russia, Germany, Belarus and Lithuania lagged somewhat behind, together comprising a further 30%.

Chile, with a CAGR of +103.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, picking up by 9.8% against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 70%. Over the period under review, the average export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per ton), while the average price for exports to Lithuania ($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 Chile (+21.9%), 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 Malaysia

In 2021, bearing housing without ball bearing imports into Malaysia surged to X tons, rising by 85% compared with 2020. Over the period under review, imports continue to indicate resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. In general, imports enjoyed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest bearing housing without ball bearing supplier to Malaysia, accounting for a 42% share of total imports. Moreover, bearing housing without ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +49.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+35.3% per year) and Japan (+11.2% per year).

In value terms, the largest bearing housing without ball bearing suppliers to Malaysia were Japan ($X), China ($X) and Germany ($X), together comprising 57% of total imports.

China, with a CAGR of +34.2%, recorded 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, dropping by -13.7% against the previous year. In general, the import price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2018 an increase of 13% 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 remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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