In 2023, Japan led the global export market for needle roller bearings with a 24.37% share, followed by Germany at 20.08% and Slovakia at 15.96%. China, South Korea, and the Czech Republic maintained significant positions. Germany and Slovakia showed remarkable growth with year-on-year increases of 2.86% and 5.48%, respectively. The most notable increase was Romania at 14.54%. Declines were observed in Spain and Switzerland. Over the last five years, the compound annual growth rates indicated significant shifts in the share distribution among countries.
Looking ahead, increased automation and demand for precision engineering are likely to influence exports. Asia-Pacific nations, especially China and South Korea, may expand their contributions to the global market, driven by technological advancements and strategic trade policies.
Top countries in Export of Needle Roller Bearings Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 24.37 | 2023 | +1.58% | +0.18% | View data |
| 2 | 2 Germany | 20.08 | 2023 | +0.43% | +2.86% | View data |
| 3 | 3 Slovakia | 15.96 | 2023 | +1.81% | +5.48% | View data |
| 4 | 4 China | 12.42 | 2023 | +2.95% | +5% | View data |
| 5 | 5 South Korea | 8.02 | 2023 | +4.24% | +5.31% | View data |
| 6 | 6 Czech Republic | 4.91 | 2023 | +5.3% | +2.07% | View data |
| 7 | 7 France | 4.02 | 2023 | -4.61% | +2.72% | View data |
| 8 | 8 Netherlands | 3.74 | 2023 | +3.99% | +5.01% | View data |
| 9 | 9 Mexico | 3.07 | 2023 | +2.56% | +4.2% | View data |
| 10 | 10 Romania | 2.59 | 2023 | +0.27% | +14.54% | View data |
