In 2023, China led global ball bearing imports at $2.1005 billion, followed by India with $1.151 billion and the United States at $0.67885 billion. Notable growth was seen in Azerbaijan, India, and Peru, with year-on-year variations of 12.43%, 3.61%, and 5.13% respectively. Conversely, declines were noted in Kuwait, Chile, and Norway, with decreases of 14.57%, 7.44%, and 4.86%. The five-year CAGR highlights consistent growth in India, Malaysia, and Kyrgyzstan.
Future trends to watch include increasing demands from developing markets, innovations in manufacturing, and potential shifts caused by global economic policies or supply chain disruptions.
Top countries in Import of Ball Bearings by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 2,100,500,000 | 2023 | +2.96% | +2.76% | View data |
| 2 | 2 India | 1,151,000,000 | 2023 | +4% | +3.61% | View data |
| 3 | 3 United States | 678,850,000 | 2023 | +0.46% | +0.26% | View data |
| 4 | 4 Thailand | 349,440,000 | 2023 | +0.13% | -0.62% | View data |
| 5 | 5 Malaysia | 341,560,000 | 2023 | +1.36% | +3.4% | View data |
| 6 | 6 Colombia | 28,906,000 | 2023 | +1.38% | +1.25% | View data |
| 7 | 7 Peru | 24,083,000 | 2023 | +1.98% | +5.13% | View data |
| 8 | 8 Argentina | 19,863,000 | 2023 | -3.84% | -3.24% | View data |
| 9 | 9 Belarus | 17,635,000 | 2023 | -1.68% | -2.83% | View data |
| 10 | 10 Chile | 16,713,000 | 2023 | -1.95% | -7.44% | View data |
