Report Update Nov 1, 2024

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

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Myanmar: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Myanmar

In 2021, after two years of growth, there was significant decline in the Myanmar's spherical roller bearing market, when its value decreased by -26.7% to $X. Over the period under review, consumption continues to indicate a abrupt curtailment. Spherical roller bearing consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Myanmar

For the third consecutive year, Myanmar recorded decline in shipments abroad of spherical roller bearings, which decreased by -33.3% to X kg in 2021. In general, exports showed a dramatic decline. The pace of growth was the most pronounced in 2018 when exports increased by 2,000%. The exports peaked at X kg in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, spherical roller bearing exports reduced notably to $X in 2021. Overall, exports recorded a dramatic downturn. The pace of growth was the most pronounced in 2018 when exports increased by 789%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay totaled -14.9%.

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

From 2012 to 2021, the average annual rate of growth in terms of value to Uruguay amounted to -18.3%.

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, with a decrease of -10.7% against the previous year. Overall, the export price recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2017 when the average export price increased by 56% against the previous year. As a result, the export price reached 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 -3.9% per year.

Spherical Roller Bearing Imports

Imports into Myanmar

In 2021, after two years of growth, there was significant decline in purchases abroad of spherical roller bearings, when their volume decreased by -31.9% to X kg. In general, imports saw a abrupt decrease. The growth pace was the most rapid in 2015 when imports increased by 106% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spherical roller bearing imports declined significantly to $X in 2021. Over the period under review, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 90%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X kg) constituted the largest supplier of spherical roller bearing to Myanmar, with a 45% share of total imports. Moreover, spherical roller bearing imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Thailand (X kg), twofold. The United States (X kg) ranked third in terms of total imports with an 8.2% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-9.3% per year) and the United States (-2.5% per year).

In value terms, the largest spherical roller bearing suppliers to Myanmar were Germany ($X), Thailand ($X) and the United Arab Emirates ($X), together comprising 63% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +46.6%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+11.4%), 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 spherical roller bearings in the world?

China remains the largest spherical roller bearing consuming country worldwide, accounting for 24% of total volume. Moreover, spherical roller bearing consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.1% share.

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

The countries with the highest volumes of in 2021 were China, Japan and the United States, with a combined 41% share of global production. These countries were followed by Sweden, Germany, India, Romania, South Africa, Russia, France, Malaysia and the UK, which together accounted for a further 45%.

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

In value terms, the largest spherical roller bearing suppliers to Myanmar were Germany, Thailand and the United Arab Emirates, together accounting for 61% of total imports.

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

The average spherical roller bearing export price stood at $22,250 per ton in 2020, almost unchanged from the previous year.

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

The average spherical roller bearing import price stood at $14,997 per ton in 2021, shrinking by -12.4% against the previous year.

This report provides an in-depth analysis of the spherical 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 28151055 - Spherical 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