South-Eastern Asia: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in South-Eastern Asia

In 2023, the Southeast Asian spherical roller bearing market decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Spherical Roller Bearing Production in South-Eastern Asia

In value terms, spherical roller bearing production expanded sharply to $X in 2023 estimated in export price. Over the period under review, production recorded a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a lower figure.

Spherical Roller Bearing Exports

Exports in South-Eastern Asia

In 2023, the amount of spherical roller bearings exported in South-Eastern Asia declined slightly to X tons, stabilizing at the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, spherical roller bearing exports dropped remarkably to $X in 2023. Overall, exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Malaysia (X tons), Thailand (X tons) and Singapore (X tons), together reaching X% of total export.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Malaysia ($X) remains the largest spherical roller bearing supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Malaysia totaled X%. In the other countries, the average annual rates were as follows: Singapore (X% per year) and Thailand (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price saw a noticeable reduction. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Spherical Roller Bearing Imports

Imports in South-Eastern Asia

In 2023, imports of spherical roller bearings in South-Eastern Asia contracted to X tons, dropping by X% against the year before. Overall, imports recorded a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, spherical roller bearing imports fell to $X in 2023. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Thailand (X tons), Singapore (X tons) and Indonesia (X tons) represented the key importer of spherical roller bearings in South-Eastern Asia, committing X% of total import. It was distantly followed by Malaysia (X tons) and Vietnam (X tons), together making up a X% share of total imports. The Philippines (X tons) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing importing markets in South-Eastern Asia were Singapore ($X), Indonesia ($X) and Thailand ($X), together comprising X% of total imports. Malaysia, Vietnam and the Philippines lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 2023, almost unchanged from the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, 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 the Philippines ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform