Thailand: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Thailand

The Thai market for bearing housings not incorporating ball or roller bearings, plain shaft bearings skyrocketed to $X in 2021, increasing by 67% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Thailand

In 2021, exports of bearing housings not incorporating ball or roller bearings, plain shaft bearings from Thailand soared to X tons, jumping by 72% compared with 2020. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 106% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, bearing housing without ball bearing exports rose markedly to $X in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 49%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X tons) was the main destination for bearing housing without ball bearing exports from Thailand, accounting for a 39% share of total exports. Moreover, bearing housing without ball bearing exports to India exceeded the volume sent to the second major destination, South Africa (X tons), fourfold. Argentina (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume to India totaled +47.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+113.5% per year) and Argentina (+34.0% per year).

In value terms, the largest markets for bearing housing without ball bearing exported from Thailand were India ($X), China ($X) and Japan ($X), with a combined 50% share of total exports. These countries were followed by South Africa, Vietnam, Argentina, Brazil, Lao People's Democratic Republic, Indonesia, the United Arab Emirates, Cambodia, Malaysia and France, which together accounted for a further 33%.

In terms of the main countries of destination, France, with a CAGR of +114.2%, saw 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

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, declining by -38.8% against the previous year. Overall, the export price showed a deep slump. The pace of growth appeared the most rapid in 2018 an increase of 13%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.9%), while the prices for the other major destinations experienced a decline.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Thailand

For the seventh year in a row, Thailand recorded growth in purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, which increased by 89% to X tons in 2021. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X tons) constituted the largest supplier of bearing housing without ball bearing to Thailand, accounting for a 55% share of total imports. Moreover, bearing housing without ball bearing imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Japan amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+28.8% per year) and South Korea (+90.7% per year).

In value terms, Japan ($X) constituted the largest supplier of bearing housings not incorporating ball or roller bearings, plain shaft bearings to Thailand, comprising 65% of total imports. The second position in the ranking was held by China ($X), with a 12% share of total imports. It was followed by the United States, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.1% per year) and the United States (+1.5% per year).

Import Prices by Country

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, which is down by -31% against the previous year. Over the period under review, the import price showed a abrupt descent. The pace of growth was the most pronounced in 2013 when the average import price decreased by less than 0.1% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-9.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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