Southern Asia: Bearing Market 2025

Bearing Market Size in Southern Asia

In 2021, the South Asian bearing market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a mild contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Bearing Production in Southern Asia

In value terms, bearing production amounted to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Bearing Exports

Exports in Southern Asia

In 2021, approx. X tons of ball and roller bearings were exported in Southern Asia; picking up by 93% against 2020 figures. In general, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing exports surged to $X in 2021. Total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of ball and roller bearings, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the ball and roller bearings exports, with a CAGR of +9.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest bearing supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +9.0%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, reducing by -19.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 29% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined rapidly in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -0.2% per year.

Bearing Imports

Imports in Southern Asia

In 2021, purchases abroad of ball and roller bearings was finally on the rise to reach X tons after two years of decline. Total imports indicated a resilient expansion 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing imports surged to $X in 2021. Total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the largest importing country with an import of about X tons, which amounted to 74% of total imports. Bangladesh (X tons) ranks second in terms of the total imports with a 14% share, followed by Pakistan (6.2%). Afghanistan (X tons) and Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bearing imports into India stood at +4.4%. At the same time, Bangladesh (+29.6%), Afghanistan (+13.1%), Pakistan (+5.5%) and Sri Lanka (+3.5%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +29.6% from 2012-2021. While the share of Bangladesh (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-12.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported ball and roller bearings in Southern Asia, comprising 84% of total imports. The second position in the ranking was held by Pakistan ($X), with a 7.2% share of total imports. It was followed by Bangladesh, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value in India stood at +3.8%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+5.0% per year) and Bangladesh (+11.6% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, dropping by -2.4% against the previous year. Over the period under review, the import price showed a mild reduction. The pace of growth appeared the most rapid in 2017 an increase of 7.3% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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