Myanmar: Needle Roller Bearing Market 2025

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

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