Nepal: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Nepal

The Nepalese cylindrical roller bearing market declined dramatically to $X in 2022, shrinking by -22.1% 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). Overall, consumption, however, saw significant growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports from Nepal

In 2022, cylindrical roller bearing exports from Nepal shrank significantly to X kg, which is down by -31.2% on the previous year. Over the period under review, exports, however, showed a buoyant increase. The smallest decline of -15.4% was in 2015. The Nepal exports peaked at X kg in 2021, and then dropped remarkably in the following year.

In value terms, cylindrical roller bearing exports declined notably to $X in 2022. Overall, exports, however, recorded a prominent increase. The smallest decline of -11.4% was in 2015. The Nepal exports peaked at $X in 2021, and then dropped rapidly in the following year.

Exports by Country

Germany (X tons), China (X tons) and Japan (X tons) represented roughly 53% of total exports in 2022. It was distantly followed by Romania (X tons) and Slovakia (X tons), together constituting a 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2014 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +63.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Nepal, comprising 27% of global exports. The second position in the ranking was taken by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

From 2014 to 2022, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+0.4% per year) and China (+2.2% per year).

Export Prices by Country

In 2022, the export price in Nepal amounted to $X per ton, growing by 19% against the previous year. Overall, the export price saw a notable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 2014 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Nepal

Cylindrical roller bearing imports into Nepal plummeted to X tons in 2022, declining by -26% on the year before. Overall, imports, however, saw significant growth. The pace of growth was the most pronounced in 2016 with an increase of 314%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, cylindrical roller bearing imports dropped markedly to $X in 2022. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 336% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together resulting at 42% of total import. It was distantly followed by the United States (X tons), making up 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) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into Nepal were China ($X), Germany ($X) and the United States ($X), with a combined 43% share 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%, recorded the highest growth rate of the value of imports, among 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 Nepal amounted to $X per ton, rising by 8.7% against the previous year. Overall, the import price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2013 an increase of 23%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

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