India - Balls, Needles And Rollers For Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTools for Bearing Price in India - 2023
Contents:
- Tools for Bearing Price in India (CIF) - 2023
- Tools for Bearing Price in India (FOB) - 2022
- Tools for Bearing Imports in India
- Tools for Bearing Exports in India
Tools for Bearing Price in India (CIF) - 2023
The average tools for bearing import price stood at $4,544 per ton in June 2023, surging by 10% against the previous month. Overall, the import price, however, showed a mild downturn. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 21% month-to-month. Over the period under review, average import prices hit record highs at $5,389 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($10,121 per ton), while the price for China ($3,060 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Tools for Bearing Price in India (FOB) - 2022
The average tools for bearing export price stood at $5,772 per ton in 2022, declining by -1.7% against the previous year. In general, the export price recorded a slight reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 20%. As a result, the export price reached the peak level of $7,055 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($11,256 per ton), while the average price for exports to China ($3,874 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Tools for Bearing Imports in India
In 2022, approx. 15K tons of balls, needles and rollers for ball or roller bearings were imported into India; which is down by -28.3% against the previous year's figure. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. As a result, imports reached the peak of 21K tons, and then reduced sharply in the following year.
In value terms, tools for bearing imports contracted slightly to $81M in 2022. Overall, total imports indicated a measured expansion from 2019 to 2022: its value increased at an average annual rate of +4.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 63%. As a result, imports attained the peak of $85M, and then declined in the following year.
| Import of Tools for Bearing in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.6 | 19.8 | 36.0 | 31.0 | 14.6% |
| Germany | 17.8 | 12.7 | 18.9 | 19.8 | 3.6% |
| Thailand | 4.8 | 4.3 | 6.7 | 7.7 | 17.1% |
| United States | 4.7 | 3.5 | 4.1 | 5.5 | 5.4% |
| Japan | 3.7 | 3.2 | 5.1 | 3.6 | -0.9% |
| Indonesia | 4.1 | 2.1 | 3.4 | 2.8 | -11.9% |
| South Korea | 1.9 | 1.5 | 2.7 | 2.8 | 13.8% |
| Others | 12.6 | 5.3 | 8.2 | 7.9 | -14.4% |
| Total | 70.2 | 52.3 | 85.1 | 81.1 | 4.9% |
Top Suppliers of Tools for Bearing to India in 2022:
- China (9.3K tons)
- Germany (2.0K tons)
- Thailand (1.0K tons)
- Japan (0.8K tons)
- Indonesia (0.6K tons)
- United States (0.6K tons)
- South Korea (0.4K tons)
Tools for Bearing Exports in India
In 2022, the amount of balls, needles and rollers for ball or roller bearings exported from India surged to 8.9K tons, picking up by 20% compared with 2021. Overall, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 63% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, tools for bearing exports soared to $51M in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Tools for Bearing in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 7.1 | 5.8 | 14.2 | 23.4 | 48.8% |
| Germany | 4.7 | 4.5 | 9.1 | 6.2 | 9.7% |
| Italy | 2.6 | 2.3 | 3.1 | 4.1 | 16.4% |
| France | 2.2 | 1.0 | 1.5 | 2.2 | 0.0% |
| Mexico | 0.7 | 0.4 | 0.7 | 1.6 | 31.7% |
| Thailand | 0.4 | 0.3 | 0.8 | 1.2 | 44.2% |
| Spain | 0.7 | 0.6 | 1.6 | 1.0 | 12.6% |
| China | 0.6 | 1.2 | 2.0 | 0.9 | 14.5% |
| Portugal | N/A | N/A | 0.5 | 0.8 | 60.0% |
| Russia | 0.8 | 0.8 | 0.9 | 0.8 | 0.0% |
| Romania | 0.6 | 0.5 | 0.5 | 0.7 | 5.3% |
| Czech Republic | 1.1 | 0.8 | 0.8 | 0.7 | -14.0% |
| Netherlands | 0.1 | 0.1 | 0.6 | 0.6 | 81.7% |
| Others | 5.8 | 5.5 | 7.2 | 7.3 | 8.0% |
| Total | 27.5 | 23.8 | 43.5 | 51.4 | 23.2% |
Top Export Markets for Tools for Bearing from India in 2022:
- United States (4246.0 tons)
- Italy (801.3 tons)
- Germany (767.8 tons)
- Thailand (278.2 tons)
- Mexico (248.6 tons)
- Spain (244.4 tons)
- China (226.1 tons)
- France (195.0 tons)
- Portugal (187.8 tons)
- Netherlands (156.6 tons)
- Romania (155.7 tons)
- Czech Republic (136.4 tons)
- Russia (103.7 tons)
This report provides an in-depth analysis of the tools for bearing market in India. 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 28153130 - Balls, needles and rollers for ball or roller bearings
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
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The rate of expansion was most notable in October 2023 with a 17% increase in exports. Ball Bearing Parts exports declined to $14M in value in November 2023.
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In June 2023, the Bearing price in India (CIF) declined by 4% to $46,366 per ton compared to the previous month.
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