Russian Federation: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in the Russian Federation

In 2022, after two years of decline, there was growth in the Russian cylindrical roller bearing market, when its value increased by 0.7% to $X. Over the period under review, consumption, however, recorded a noticeable curtailment. Russia consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports from the Russian Federation

In 2022, approx. X tons of cylindrical roller bearings were exported from Russia; dropping by -12.4% on the year before. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of 96% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports fell to $X in 2022. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 28%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Germany (X tons), China (X tons) and Japan (X tons), together recording 53% of total export. Romania (X tons) held the next position in the ranking, followed by Slovakia (X tons). All these countries together held near 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 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 (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Russia stood at $X per ton in 2022, surging by 4.5% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 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 the Russian Federation

In 2022, overseas purchases of cylindrical roller bearings were finally on the rise to reach X tons after two years of decline. Overall, imports, however, continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 when imports increased by 41%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cylindrical roller bearing imports fell slightly to $X in 2022. Over the period under review, imports, however, saw a pronounced contraction. The growth pace was the most rapid in 2017 when imports increased by 46%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons) and Germany (X tons) were the largest importers of cylindrical roller bearings in 2022, accounting for approx. 17% and 12% of total imports, respectively. It was distantly followed by the United States (X tons), mixing 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), the Czech Republic (X tons) and France (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, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Mexico, Italy, France, Brazil, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, Spain, with a CAGR of +13.7%, saw the highest rates of growth with regard to 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 import price in Russia stood at $X per ton in 2022, which is down by -3.6% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 13%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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