Malaysia: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Malaysia

The Malaysian cylindrical roller bearing market was estimated at $X in 2022, picking up by 2.7% against the previous year. Over the period under review, the total consumption indicated a moderate expansion from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by -2.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cylindrical Roller Bearing Production in Malaysia

In value terms, cylindrical roller bearing production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a perceptible slump. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. Malaysia production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports from Malaysia

In 2022, after two years of growth, there was significant decline in overseas shipments of cylindrical roller bearings, when their volume decreased by -20.7% to X tons. Overall, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 with an increase of 71%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports shrank significantly to $X in 2022. Over the period under review, exports faced a precipitous descent. The growth pace was the most rapid in 2021 when exports increased by 82%. The Malaysia exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Germany (X tons), China (X tons) and Japan (X tons) represented the major exporter of cylindrical roller bearings in the world, making up 53% of total export. Romania (X tons) ranks next in terms of the total exports with a 7.7% share, followed by Slovakia (5.6%). Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Malaysia, comprising 27% of global exports. The second position in the ranking was taken by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in Malaysia amounted to $X per ton, which is down by -2.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2013 an increase of 9.8%. Over the period under review, the export prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Malaysia

After four years of growth, supplies from abroad of cylindrical roller bearings decreased by -14.1% to X tons in 2022. Overall, imports, however, posted a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of 65% against the previous year. Malaysia imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, cylindrical roller bearing imports contracted significantly to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2021 when imports increased by 49% against the previous year. As a result, imports reached the peak of $X, and then dropped notably in the following year.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together amounting to 42% of total import. It was distantly followed by the United States (X tons), constituting a 5.7% share of total imports. The following importers - Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) - together made up 23% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into Malaysia were China ($X), Germany ($X) and the United States ($X), together comprising 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Spain, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Malaysia amounted to $X per ton, declining by -2.7% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by 8.8%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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