South-Eastern Asia: Roller Bearing Market 2022

Roller Bearing Market Size in South-Eastern Asia

The Southeast Asian roller bearing market declined to $X in 2021, shrinking by -9.7% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Roller Bearing Production in South-Eastern Asia

In value terms, roller bearing production contracted to $X in 2021 estimated in export price. The total production indicated a resilient increase from 2012 to 2021: its value 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, production increased by +7.5% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 85% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Roller Bearing Exports

Exports in South-Eastern Asia

Roller bearing exports surged to X tons in 2021, increasing by 152% on the previous year. In general, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, roller bearing exports soared to $X in 2021. Over the period under review, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 206%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Singapore was the major exporting country with an export of around X tons, which reached 57% of total exports. Vietnam (X tons) ranks second in terms of the total exports with an 18% share, followed by Indonesia (14%), Thailand (5.3%) and Malaysia (4.9%).

From 2012 to 2021, average annual rates of growth with regard to roller bearing exports from Singapore stood at +12.1%. At the same time, Indonesia (+25.9%), Vietnam (+16.3%), Malaysia (+8.2%) and Thailand (+6.6%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +25.9% from 2012-2021. While the share of Indonesia (+8.6 p.p.) and Vietnam (+3.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Malaysia (-2.5 p.p.), Thailand (-3.9 p.p.) and Singapore (-6.2 p.p.) displayed negative dynamics.

In value terms, Singapore ($X) emerged as the largest roller bearing supplier in South-Eastern Asia, comprising 63% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 26% share of total exports. It was followed by Thailand, with a 7.2% share.

In Singapore, roller bearing exports expanded at an average annual rate of +15.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+23.6% per year) and Thailand (+6.9% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2021, waning by -11.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2013 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.3%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports in South-Eastern Asia

In 2021, roller bearing imports in South-Eastern Asia skyrocketed to X tons, jumping by 32% against the previous year's figure. Total imports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +29.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, roller bearing imports soared to $X in 2021. In general, imports, however, recorded a slight setback. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Thailand represented the key importer of roller bearings in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. 55% of total imports in 2021. It was distantly followed by Indonesia (X tons) and Vietnam (X tons), together creating a 35% share of total imports. The following importers - Malaysia (X tons), Singapore (X tons) and the Philippines (X tons) - together made up 9.9% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Thailand ($X) and Singapore ($X) constituted the countries with the highest levels of imports in 2021, with a combined 72% share of total imports. These countries were followed by Malaysia, Vietnam and the Philippines, which together accounted for a further 27%.

The Philippines, with a CAGR of +5.8%, recorded 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

The import price in South-Eastern Asia stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the import price recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 when the import price increased by 8.9%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+12.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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