South-Eastern Asia: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in South-Eastern Asia

The Southeast Asian spherical roller bearing market soared to $X in 2021, rising by 23% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Spherical Roller Bearing Production in South-Eastern Asia

In value terms, spherical roller bearing production skyrocketed to $X in 2021 estimated in export price. In general, production posted moderate growth. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Spherical Roller Bearing Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of spherical roller bearings were exported in South-Eastern Asia; increasing by 13% on 2020 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 21%. Over the period under review, the exports hit record highs at X tons in 2012; afterwards, it flattened through to 2021.

In value terms, spherical roller bearing exports rose markedly to $X in 2021. In general, exports, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2019 with an increase of 19% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Singapore (X tons) and Malaysia (X tons) represented the main exporters of spherical roller bearings in 2021, reaching approx. 52% and 36% of total exports, respectively. It was distantly followed by Thailand (X tons), creating a 12% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +47.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Singapore ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 100% of total exports.

Among the main exporting countries, Thailand, with a CAGR of +28.5%, saw the highest growth rate of 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

In 2021, the export price in South-Eastern Asia amounted to $X per ton, falling by -4.8% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The growth pace was the most rapid in 2014 an increase of 12%. As a result, the export price reached the peak level of $X per ton. From 2015 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 Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-1.2%), while the other leaders experienced a decline in the export price figures.

Spherical Roller Bearing Imports

Imports in South-Eastern Asia

In 2021, approx. X tons of spherical roller bearings were imported in South-Eastern Asia; increasing by 20% compared with the previous year's figure. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spherical roller bearing imports expanded remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate a noticeable reduction. The growth pace was the most rapid in 2018 with an increase of 13%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of spherical roller bearing imports in 2021 were Singapore (X tons), Thailand (X tons), Indonesia (X tons) and Malaysia (X tons), together recording 95% of total import. The following importers - Vietnam (X tons) and the Philippines (X tons) - together made up 5.3% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) constitutes the largest market for imported spherical roller bearings in South-Eastern Asia, comprising 45% of total imports. The second position in the ranking was held by Malaysia ($X), with a 19% share of total imports. It was followed by Indonesia, with a 15% share.

In Singapore, spherical roller bearing imports plunged by an average annual rate of -7.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Malaysia (+4.6% per year) and Indonesia (+9.1% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, falling by -7.7% against the previous year. In general, the import price showed a noticeable curtailment. The growth pace was the most rapid in 2013 an increase of 6.1% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 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 the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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