Southern Asia: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in Southern Asia

In 2021, the South Asian ball bearing parts market decreased by -4.3% to $X for the first time since 2018, thus ending a two-year rising trend. The total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2020, and then contracted modestly in the following year.

Ball Bearing Parts Production in Southern Asia

In value terms, ball bearing parts production totaled $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -1.5% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 20%. Over the period under review, production reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Ball Bearing Parts Exports

Exports in Southern Asia

In 2021, after two years of decline, there was significant growth in shipments abroad of parts of ball or roller bearings, when their volume increased by 116% to X tons. Over the period under review, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing parts exports skyrocketed to $X in 2021. Total exports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, India (X tons) was the key exporter of parts of ball or roller bearings in Southern Asia, creating 99.9% of total export.

India was also the fastest-growing in terms of the parts of ball or roller bearings exports, with a CAGR of +7.4% 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 ball bearing parts supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +4.5%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, reducing by -22.1% against the previous year. In general, the export price showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 13% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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 -2.7% per year.

Ball Bearing Parts Imports

Imports in Southern Asia

In 2021, purchases abroad of parts of ball or roller bearings increased by 34% to X tons, rising for the second year in a row after two years of decline. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing parts imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates imports structure, accounting for X tons, which was approx. 90% of total imports in 2021. It was distantly followed by Pakistan (X tons), achieving an 8.6% share of total imports.

Imports into India increased at an average annual rate of +9.9% from 2012 to 2021. At the same time, Pakistan (+20.7%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +20.7% from 2012-2021. From 2012 to 2021, the share of Pakistan increased by +4.7 percentage points.

In value terms, India ($X) constitutes the largest market for imported parts of ball or roller bearings in Southern Asia, comprising 93% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 5% share of total imports.

In India, ball bearing parts imports increased at an average annual rate of +6.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, rising by 10% against the previous year. Over the period under review, the import price, however, recorded a perceptible downturn. Over the period under review, import prices reached the peak figure 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 India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-2.2%).

Source: IndexBox Platform

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