In 2023, China's dominance in the global export of bearing housings incorporating ball or roller bearings is evident, securing approximately 95% of the total share. The United States and India trail significantly, contributing around 1.67% and 0.88%, respectively. Over the past year, noteworthy year-on-year variations include robust growth in Kuwait (104.62%) and Uganda (12.47%), while Malaysia saw a stark decline (-53.89%). Other notable shifts include Colombia’s impressive 41.97% growth.
Future trends to watch in 2024 center on China's potential adjustments in production capabilities and global supply chain resilience. Additionally, observing the growth trajectory in developing markets like India and the impact of technological advancements on this industry will be crucial for understanding the evolving landscape of bearing housings export dynamics.
Top countries in Export of Bearing Housings, Incorporating Ball or Roller Bearings Share by Country (Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 94.65 | 2023 | +3.21% | +3.47% | View data |
| 2 | 2 United States | 1.67 | 2023 | +2.35% | +2.17% | View data |
| 3 | 3 India | 0.88 | 2023 | +3.36% | +6.84% | View data |
| 4 | 4 Thailand | 0.61 | 2023 | +5.49% | +2.13% | View data |
| 5 | 5 Russia | 0.098 | 2023 | +5.39% | +5.89% | View data |
| 6 | 6 Belarus | 0.089 | 2023 | +4.27% | +4.4% | View data |
| 7 | 7 Brunei | 0.01 | 2023 | +6.77% | +1% | View data |
| 8 | 8 Malaysia | 0.005 | 2023 | -88.67% | -53.89% | View data |
| 9 | 9 Kuwait | 0.004 | 2023 | +3.19% | +104.62% | View data |
| 10 | 10 Norway | 0.002 | 2023 | -4.9% | +4.35% | View data |
