Myanmar: Cylindrical Roller Bearing Market 2025

Cylindrical Roller Bearing Market Size in Myanmar

The Myanmar's cylindrical roller bearing market amounted to $X in 2022, picking up by 9.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a deep reduction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Myanmar

In 2022, approx. X kg of cylindrical roller bearings were exported from Myanmar; which is down by -50% compared with the year before. In general, exports faced a dramatic contraction. The Myanmar exports peaked at X kg in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports shrank sharply to $X in 2022. Over the period under review, exports showed a dramatic downturn. The Myanmar exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2021, Germany (X tons), distantly followed by China (X tons), Japan (X tons), Romania (X tons) and Slovakia (X tons) represented the key exporters of cylindrical roller bearings, together committing 65% of total exports. Taiwan (Chinese) (X tons), Hong Kong SAR (X tons), Kazakhstan (X tons), Russia (X tons), Poland (X tons), France (X tons), Canada (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2017 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +198.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Myanmar, comprising 30% of global exports. The second position in the ranking was taken by Japan ($X), with a 12% share of global exports. It was followed by China, with an 8.2% share.

In Germany, cylindrical roller bearing exports increased at an average annual rate of +1.7% over the period from 2017-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.0% per year) and China (+1.1% per year).

Export Prices by Country

The export price in Myanmar stood at $X per ton in 2022, with an increase of 69% against the previous year. Overall, the export price continues to indicate a buoyant expansion. The growth pace was the most rapid in 2018 when the export price increased by 97% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 2017 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.2%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Myanmar

Cylindrical roller bearing imports into Myanmar declined sharply to X kg in 2022, shrinking by -48.1% on 2021. Overall, imports saw a deep reduction. The growth pace was the most rapid in 2017 with an increase of 123% against the previous year. Myanmar imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing imports expanded sharply to $X in 2022. In general, imports saw a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by 107%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) represented roughly 42% of total imports in 2022. It was distantly followed by the United States (X tons), committing a 5.7% share of total imports. 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) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, 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 Myanmar amounted to $X per ton, increasing by 111% against the previous year. Over the period under review, the import price posted prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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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