South-Eastern Asia: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in the Southeast Asian ball bearing parts market, when its value increased by 17% to $X. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Ball Bearing Parts Production in South-Eastern Asia

In value terms, ball bearing parts production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 48%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Ball Bearing Parts Exports

Exports in South-Eastern Asia

Ball bearing parts exports dropped to X tons in 2021, falling by -7.8% compared with the previous year. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +1.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 47%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing parts exports stood at $X in 2021. Total exports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 34%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Thailand (X tons) was the major exporter of parts of ball or roller bearings, creating 50% of total exports. Singapore (X tons) took the second position in the ranking, distantly followed by Malaysia (X tons) and Vietnam (X tons). All these countries together took approx. 47% share of total exports. Indonesia (X tons) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +15.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2021, with a combined 89% share of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +26.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, jumping by 18% against the previous year. Over the period under review, the export price, however, recorded a pronounced shrinkage. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the other leaders experienced mixed trends in the export price figures.

Ball Bearing Parts Imports

Imports in South-Eastern Asia

After two years of decline, supplies from abroad of parts of ball or roller bearings increased by 40% to X tons in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ball bearing parts imports soared to $X in 2021. In general, imports, however, recorded a mild shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons), distantly followed by Malaysia (X tons), Indonesia (X tons), Singapore (X tons), Vietnam (X tons) and the Philippines (X tons) represented the key importers of parts of ball or roller bearings, together achieving 99% of total imports.

From 2012 to 2021, the biggest increases were in the Philippines (with a CAGR of +11.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing parts importing markets in South-Eastern Asia were Thailand ($X), Singapore ($X) and Malaysia ($X), with a combined 65% share of total imports. Indonesia, the Philippines and Vietnam lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, the Philippines, with a CAGR of +16.4%, 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 import price in South-Eastern Asia stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 15%. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the 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 ($X per ton), while Vietnam ($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 (+4.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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