The global export landscape for bearings, including combined ball or roller bearings in 2023, highlights China as the dominant exporter, with significant growth of 3.78% year-on-year, followed by India witnessing a 4.97% increase. Conversely, Thailand and the United States experienced declines of 0.79% and 3.75%, respectively. Smaller markets like Mauritius and Kuwait saw strong percentage gains, though from minimal bases. Belarus and Armenia observed sharp declines, indicating shifts in market dynamics.
Future trends to watch include technological advancements in bearing materials, a shift towards renewable energy applications, and geopolitical tensions which might steer global supply chains and demand patterns. Adaptation to these will be crucial for maintaining competitiveness.
Top countries in Export of Bearings Including Combined Ball or Roller Bearings by Country
| # | 10 Countries | Units | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 123,250,000 | 2023 | +3.9% | +3.78% | View data |
| 2 | 2 Thailand | 77,022,000 | 2023 | +1.4% | -0.79% | View data |
| 3 | 3 India | 26,275,000 | 2023 | +3.43% | +4.97% | View data |
| 4 | 4 Malaysia | 10,167,000 | 2023 | +2.59% | -0.67% | View data |
| 5 | 5 United States | 8,763,900 | 2023 | -3.56% | -3.75% | View data |
| 6 | 6 Armenia | 1,213,800 | 2023 | +5.91% | -12.49% | View data |
| 7 | 7 Brazil | 276,950 | 2023 | -1.96% | -6.5% | View data |
| 8 | 8 Ecuador | 7,280 | 2023 | +5.87% | +1.19% | View data |
| 9 | 9 Botswana | 4,920 | 2023 | -33.56% | -15.51% | View data |
| 10 | 10 Peru | 2,020 | 2023 | +0.7% | -0.63% | View data |
