Russian Federation: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in the Russian Federation

After three years of growth, the Russian market for bearing housings incorporating ball or roller bearings decreased by -13.7% to $X in 2022. In general, consumption, however, posted a prominent expansion. Bearing housing with ball bearing consumption peaked at $X in 2021, and then reduced in the following year.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from the Russian Federation

In 2022, after two years of growth, there was significant decline in shipments abroad of bearing housings incorporating ball or roller bearings, when their volume decreased by -9.1% to X tons. Overall, exports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 74%. Over the period under review, the exports reached the maximum at X tons in 2021, and then declined in the following year.

In value terms, bearing housing with ball bearing exports shrank to $X in 2022. In general, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2017 with an increase of 71% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined in the following year.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of bearing housing with ball bearing exports from Russia, together comprising 96% of total exports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of +30.5%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) constituted the largest markets for bearing housing with ball bearing exported from Russia worldwide, with a combined 89% share of total exports.

Kazakhstan, with a CAGR of +28.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, leveling off at the previous year. In general, the export price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2013 an increase of 59%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (-1.3%), while the prices for the other major destinations experienced a decline.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into the Russian Federation

In 2022, after three years of growth, there was significant decline in overseas purchases of bearing housings incorporating ball or roller bearings, when their volume decreased by -7% to X tons. Overall, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 when imports increased by 133%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, bearing housing with ball bearing imports fell sharply to $X in 2022. In general, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of 57% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bearing housing with ball bearing to Russia, accounting for a 65% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Serbia (X tons), ninefold. The third position in this ranking was taken by Germany (X tons), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +39.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+11.6% per year) and Germany (+8.8% per year).

In value terms, China ($X) constituted the largest supplier of bearing housings incorporating ball or roller bearings to Russia, comprising 38% of total imports. The second position in the ranking was taken by Sweden ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +37.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+19.2% per year) and Germany (+6.7% per year).

Import Prices by Country

The average import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, dropping by -12% against the previous year. Overall, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2018 when the average import price increased by 72%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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