In 2023, China dominated the global export of bearings, accounting for 46.8% of the market, followed by Thailand at 29.25% and India at 9.98%. The United States held a modest share of 3.33%. Notably, countries with smaller shares such as Armenia and Brazil observed declines of 12.49% and 6.5%, respectively. Conversely, Mauritius and Kuwait exhibited noteworthy growth, with increases of 19.06% and 18.71% respectively. Over the last five years, the compound annual growth rate (CAGR) indicates a diverse growth trend across the countries, reflecting shifts in production capabilities and market demands.
Future trends to watch include potential shifts in market dynamics due to geopolitical tensions, evolving trade policies, and advancements in manufacturing technologies. These factors could significantly alter the landscape of global bearing exports, with Asian markets, particularly India, possibly gaining a larger share, while traditional markets like the United States may face challenges in maintaining their positions.
Top countries in Export of Bearings Including Combined Ball or Roller Bearings Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 46.8 | 2023 | +3.9% | +3.78% | View data |
| 2 | 2 Thailand | 29.25 | 2023 | +1.4% | -0.79% | View data |
| 3 | 3 India | 9.98 | 2023 | +3.43% | +4.97% | View data |
| 4 | 4 Malaysia | 3.86 | 2023 | +2.59% | -0.67% | View data |
| 5 | 5 United States | 3.33 | 2023 | -3.56% | -3.75% | View data |
| 6 | 6 Armenia | 0.46 | 2023 | +5.91% | -12.49% | View data |
| 7 | 7 Brazil | 0.11 | 2023 | -1.96% | -6.5% | View data |
| 8 | 8 Ecuador | 0.003 | 2023 | +5.87% | +1.19% | View data |
| 9 | 9 Botswana | 0.002 | 2023 | -33.56% | -15.51% | View data |
| 10 | 10 Peru | 0.001 | 2023 | +0.7% | -0.63% | View data |
