Report Update Nov 1, 2024

Myanmar - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Myanmar

In 2021, the Myanmar's needle roller bearing market increased by 17% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, recorded a dramatic slump. Needle roller bearing consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Needle Roller Bearing Exports

Exports from Myanmar

In 2021, exports of needle roller bearings from Myanmar soared to X kg, picking up by 67% on the previous year's figure. In general, exports saw a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 200% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, needle roller bearing exports soared to $X in 2021. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 when exports increased by 208%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Uruguay (X kg) was the main destination for needle roller bearing exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Uruguay stood at +10.7%.

In value terms, Uruguay ($X) also remains the key foreign market for needle roller bearing exports from Myanmar.

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay amounted to +11.8%.

Export Prices by Country

In 2021, the average needle roller bearing export price amounted to $X per ton, rising by 2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 222%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Uruguay.

From 2012 to 2021, the rate of growth in terms of prices for Uruguay amounted to +0.9% per year.

Needle Roller Bearing Imports

Imports into Myanmar

In 2021, overseas purchases of needle roller bearings increased by 17% to X kg, rising for the third year in a row after two years of decline. Over the period under review, imports, however, showed a significant curtailment. The pace of growth appeared the most rapid in 2015 with an increase of 73% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, needle roller bearing imports surged to $X in 2021. In general, imports, however, showed a precipitous slump. The pace of growth was the most pronounced in 2019 when imports increased by 94% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X kg), Singapore (X kg) and Russia (X kg) were the main suppliers of needle roller bearing imports to Myanmar, with a combined 71% share of total imports. France, Japan, Slovakia, Switzerland, the United Arab Emirates, the United States, the Czech Republic, China, the Philippines and Italy lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +200.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Singapore ($X) and Germany ($X) constituted the largest needle roller bearing suppliers to Myanmar, with a combined 80% share of total imports. France, Slovakia, Japan, Switzerland, the United Arab Emirates, the United States, China, the Philippines, the Czech Republic and Italy lagged somewhat behind, together accounting for a further 19%.

The United States, with a CAGR of +691.6%, recorded 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

In 2021, the average needle roller bearing import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price saw perceptible growth. The pace of growth was the most pronounced in 2019 when the average import price increased by 90%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for the Czech Republic ($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 (+211.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for needle roller bearings in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, with a combined 44% share of global consumption. These countries were followed by India, Mexico, Brazil, Japan, Russia, Canada, France, Vietnam, South Korea and the Philippines, which together accounted for a further 34%.

What are the largest producers of needle roller bearings in the world?

China constituted the country with the largest volume of needle roller bearing production, accounting for 28% of total volume. Moreover, needle roller bearing production in China exceeded the figures recorded by the second-largest producer, Japan, twofold. The third position in this ranking was occupied by the United States, with an 8.4% share.

What are the leading suppliers of needle roller bearings to Myanmar?

In value terms, Japan, Russia and Thailand were the largest needle roller bearing suppliers to Myanmar, with a combined 68% share of total imports. These countries were followed by Singapore, Slovakia, Switzerland and China, which together accounted for a further 27%.

What is the average export price for needle roller bearings in Myanmar?

In 2019, the average needle roller bearing export price amounted to $13,000 per ton, therefore, remained relatively stable against the previous year.

What is the average import price for needle roller bearings in Myanmar?

The average needle roller bearing import price stood at $14,834 per ton in 2021, which is down by -18% against the previous year.

This report provides an in-depth analysis of the needle roller bearing market in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28151070 - Needle roller bearings

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023