Thailand - Parts Of Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Bearing Parts Price in Thailand - 2023
Contents:
- Ball Bearing Parts Price in Thailand (CIF) - 2023
- Ball Bearing Parts Price in Thailand (FOB) - 2023
- Ball Bearing Parts Imports in Thailand
- Ball Bearing Parts Exports in Thailand
Ball Bearing Parts Price in Thailand (CIF) - 2023
In September 2023, the average ball bearing parts import price amounted to $9,183 per ton, surging by 4.9% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in October 2022 an increase of 15% m-o-m. Over the period under review, average import prices reached the peak figure in September 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($8,917 per ton), while the price for China ($5,309 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Ball Bearing Parts Price in Thailand (FOB) - 2023
The average ball bearing parts export price stood at $14,990 per ton in September 2023, surging by 16% against the previous month. Overall, export price indicated modest growth from September 2022 to September 2023: its price increased at an average monthly rate of +1.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, ball bearing parts export price increased by +16.3% against August 2023 indices. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 43% m-o-m. Over the period under review, the average export prices reached the peak figure at $23,088 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($39,003 per ton), while the average price for exports to Indonesia ($9,084 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.
Ball Bearing Parts Imports in Thailand
Ball bearing parts imports into Thailand contracted slightly to 13K tons in 2022, therefore, remained relatively stable against the previous year's figure. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. As a result, imports reached the peak of 13K tons, leveling off in the following year.
In value terms, ball bearing parts imports declined slightly to $104M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 45%. As a result, imports reached the peak of $105M, and then declined in the following year.
Import of Ball Bearing Parts in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 57.2 | 41.4 | 57.8 | 51.1 | -3.7% |
China | 25.1 | 16.6 | 29.4 | 28.4 | 4.2% |
India | 1.9 | 1.1 | 3.4 | 4.5 | 33.3% |
United States | 4.6 | 2.6 | 2.3 | 2.1 | -23.0% |
Others | 13.3 | 10.8 | 12.4 | 17.6 | 9.8% |
Total | 102 | 72.6 | 105 | 104 | 0.6% |
Top Suppliers of Ball Bearing Parts to Thailand in 2022:
- Japan (6.1K tons)
- China (4.9K tons)
- India (0.8K tons)
- United States (0.1K tons)
Ball Bearing Parts Exports in Thailand
In 2022, shipments abroad of parts of ball or roller bearings decreased by -20.2% to 4.5K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when exports increased by 42%.
In value terms, ball bearing parts exports dropped dramatically to $58M in 2022. The total export value increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 32%. As a result, the exports attained the peak of $75M, and then shrank significantly in the following year.
Export of Ball Bearing Parts in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 15.3 | 17.7 | 21.2 | 20.9 | 11.0% |
China | 10.3 | 10.5 | 12.1 | 7.2 | -11.3% |
Cambodia | 4.2 | 4.9 | 5.0 | 5.4 | 8.7% |
Japan | 10.0 | 8.0 | 18.2 | 5.3 | -19.1% |
United States | 1.7 | 2.2 | 1.6 | 2.4 | 12.2% |
Israel | 1.1 | 1.5 | 2.1 | 1.8 | 17.8% |
India | 1.3 | 1.0 | 2.1 | 1.7 | 9.4% |
Indonesia | 2.6 | 1.2 | 1.6 | 1.5 | -16.8% |
Lao People's Democratic Republic | 0.5 | 0.7 | 0.6 | 1.1 | 30.1% |
Czech Republic | N/A | N/A | 0.6 | 1.0 | 66.7% |
Philippines | 0.2 | 0.2 | 0.3 | 0.7 | 51.8% |
Argentina | 0.8 | 0.6 | 0.9 | 0.7 | -4.4% |
Others | 7.1 | 8.1 | 8.4 | 8.8 | 7.4% |
Total | 55.2 | 56.5 | 74.7 | 58.5 | 2.0% |
Top Export Markets for Ball Bearing Parts from Thailand in 2022:
- Singapore (2535.0 tons)
- China (456.5 tons)
- Indonesia (198.4 tons)
- Japan (180.3 tons)
- Israel (171.2 tons)
- India (150.3 tons)
- Czech Republic (129.1 tons)
- Lao People's Democratic Republic (90.3 tons)
- Argentina (80.9 tons)
- United States (78.4 tons)
- Cambodia (74.9 tons)
- Philippines (73.8 tons)
This report provides an in-depth analysis of the ball bearing parts market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the ball bearing parts market in Thailand.
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