Report South-Eastern Asia - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

South-Eastern Asia - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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South-Eastern Asia: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in South-Eastern Asia

The Southeast Asian needle roller bearing market surged to $X in 2021, with an increase of 174% against the previous year. Overall, consumption posted significant growth. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Needle Roller Bearing Production in South-Eastern Asia

In value terms, needle roller bearing production shrank notably to $X in 2021 estimated in export price. Overall, production posted a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by 7,942% against the previous year. As a result, production attained the peak level of $X, and then reduced notably in the following year.

Needle Roller Bearing Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of needle roller bearings increased by 50% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 136%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, needle roller bearing exports skyrocketed to $X in 2021. In general, exports saw a modest increase. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Thailand (X tons) represented the largest exporter of needle roller bearings, committing 80% of total exports. It was distantly followed by Singapore (X tons), mixing up a 14% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to needle roller bearing exports from Thailand stood at +31.8%. At the same time, Vietnam (+67.6%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +67.6% from 2012-2021. By contrast, Singapore (-8.5%) illustrated a downward trend over the same period. Thailand (+63 p.p.) and Vietnam (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -65.1% from 2012 to 2021, respectively.

In value terms, Thailand ($X), Singapore ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2021, with a combined 94% share of total exports.

In terms of the main exporting countries, Vietnam, with a CAGR of +36.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.0%), while the other leaders experienced a decline in the export price figures.

Needle Roller Bearing Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of needle roller bearings increased by 46% to X tons for the first time since 2018, thus ending a two-year declining trend. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, needle roller bearing imports soared to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia (X tons) and Thailand (X tons) dominates imports structure, together achieving 76% of total imports. Singapore (X tons) took an 8.1% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (6.8%) and Malaysia (6.6%). The Philippines (X tons) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +52.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest needle roller bearing importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Singapore ($X), with a combined 80% share of total imports. Vietnam, Malaysia and the Philippines lagged somewhat behind, together comprising a further 20%.

Vietnam, with a CAGR of +53.2%, saw the highest rates of growth with regard to 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 2021, the import price in South-Eastern Asia amounted to $X per ton, waning by -4.6% against the previous year. Over the period under review, the import price showed a pronounced descent. The most prominent rate of growth was recorded in 2019 an increase of 21% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 Philippines (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were Vietnam, the Philippines and Thailand, together comprising 76% of total consumption. These countries were followed by Indonesia, Malaysia and Singapore, which together accounted for a further 23%.
The countries with the highest volumes of in 2021 were Vietnam, the Philippines and Thailand, together accounting for 98% of total production.
In value terms, Thailand, Singapore and the Philippines were the countries with the highest levels of exports in 2021, with a combined 96% share of total exports.
In value terms, Thailand, Indonesia and Singapore constituted the countries with the highest levels of imports in 2021, together accounting for 82% of total imports. Malaysia, Vietnam and the Philippines lagged somewhat behind, together accounting for a further 18%.
In 2021, the export price in South-Eastern Asia amounted to $24,018 per ton, waning by -5.4% against the previous year.
In 2021, the import price in South-Eastern Asia amounted to $27,658 per ton, surging by 11% against the previous year.

This report provides an in-depth analysis of the needle roller bearing market in South-Eastern Asia. 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 28151070 - Needle roller bearings

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in South-Eastern Asia, split by region and country
  • Trade (exports and imports) in South-Eastern Asia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Brunei Darussalam
    • Cambodia
    • Indonesia
    • Malaysia
    • Myanmar
    • Philippines
    • Singapore
    • Thailand
    • Timor-Leste
    • Vietnam
    • Lao People's Democratic Republic
  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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