Malaysia: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Malaysia

The Malaysian tapered roller bearing market expanded notably to $X in 2021, growing by 12% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Tapered Roller Bearing Production in Malaysia

In value terms, tapered roller bearing production declined to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. Tapered roller bearing production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports from Malaysia

In 2021, shipments abroad of tapered roller bearings increased by 101% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing exports surged to $X in 2021. In general, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Singapore (X tons) and Thailand (X tons) were the main destinations of tapered roller bearing exports from Malaysia, together accounting for 86% of total exports. These countries were followed by Vietnam, Liberia, Australia, Indonesia, the United States, Lithuania and Latvia, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Liberia (with a CAGR of +229.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Singapore ($X) and Thailand ($X) constituted the largest markets for tapered roller bearing exported from Malaysia worldwide, with a combined 86% share of total exports. These countries were followed by Vietnam, Liberia, Australia, Indonesia, the United States, Lithuania and Latvia, which together accounted for a further 13%.

Among the main countries of destination, Liberia, with a CAGR of +230.9%, 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 2021, the average tapered roller bearing export price amounted to $X per ton, rising by 2.3% against the previous year. In general, the export price, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2013 an increase of 8.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to the United States ($X per ton) and Latvia ($X per ton), while the average price for exports to Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+0.4%), while the prices for the other major destinations experienced a decline.

Tapered Roller Bearing Imports

Imports into Malaysia

In 2021, supplies from abroad of tapered roller bearings was finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing imports soared to $X in 2021. Overall, imports posted a pronounced increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of tapered roller bearing imports to Malaysia, with a combined 76% share of total imports. Sweden, Italy, Belgium, Singapore, the United States and South Korea lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +141.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Japan ($X) constituted the largest tapered roller bearing suppliers to Malaysia, together accounting for 76% of total imports. Sweden, Italy, Belgium, Singapore, the United States and South Korea lagged somewhat behind, together comprising a further 16%.

Belgium, with a CAGR of +134.0%, saw the highest rates of growth with regard to 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

The average tapered roller bearing import price stood at $X per ton in 2021, shrinking by -1.7% against the previous year. In general, the import price saw a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 1.3%. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were South Korea ($X per ton) and Japan ($X per ton), while the price for Singapore ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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