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From the perspective of import and export trade volume, China’s bearing foreign trade market continues to maintain a trade surplus. However, in comparison with the average import and export price of bearings, the unit price of imported bearings in my country in recent years has been about twice the unit price of exported bearings, reflecting the overall bearing industry in China Large but not strong, the high-end market is highly dependent on imports.
Continue to maintain a trade surplus
From 2017 to 2020, the total import and export volume of my country's bearing industry showed a fluctuating trend. In 2018, it was the highest value, achieving a total import and export volume of 9.590 billion U.S. dollars and a trade surplus of 2.02 billion U.S. dollars. In 2019, due to the influence of Sino-US trade frictions and other factors, my country The total import and export volume and trade deficit of the bearing industry are showing a downward trend;
By 2020, affected by the epidemic, the export market will shrink while the import market will grow. The total import and export volume and trade deficit of the industry will be US$9.2 billion and US$468 million, respectively. In the first quarter of 2021, the industry's import and export continued to maintain a trade surplus of US$134 million.
Note: 2017-2020 is the data of China Bearing Industry Association, and 2021 is the data of the General Administration of Customs. The statistical calibers of the two are slightly different.
The export market is slowly narrowing
From the perspective of export volume, from 2016 to 2020, the export volume of China's bearings showed a trend of first growth and then decline. In 2019, affected by the global macroeconomic downturn and international trade barriers, the number of exports fell by 4.7% year-on-year; in 2020, foreign market demand continued to be sluggish due to the epidemic, and the country exported 5.881 billion sets of bearings, down 0.1% from the same period in 2019.
From the perspective of total exports, China's total bearing exports from 2016 to 2020 also showed a trend of first growth and then decline. In 2020, the country exported 5.881 billion sets of bearings affected by the epidemic, a decrease of 0.1% over the same period in 2019.
High-end market relies on imports
From the perspective of import volume, China's bearing import volume fluctuates from 2016 to 2020. Since 2018, the number of national imports has declined, and by 2020, the national imported bearings will be 2.518 billion sets, a year-on-year increase of 12.8%.
From the perspective of total imports, the value of China's bearing imports from 2016 to 2020, on a comparable basis, shows an overall year-on-year growth trend. By 2020, the total national bearing imports will be 4.366 billion yuan, a year-on-year increase of 19.78%.
On the one hand, the transformation of my country’s economic structure has driven the import market demand for high-end bearings. Another important reason is that linear motion rolling bearing bearings such as ball screws are imported from Taiwan. In 2020, my country’s customs will list them as rolling bearings for the first time. The exchange rate for imported bearings is 9.27 percentage points higher.
In comparison with the average import and export price of bearings, the unit price of imported bearings in my country from 2016 to 2020 is about twice the unit price of exported bearings. In addition, since 2017, the unit price of imported bearings has been increasing year by year as a whole, and the unit price of exported bearings has declined. Reflecting that the domestic high-end bearing market mainly relies on imports, the overall bearing capacity is characterized by a structural shortage.
Industry development trend analysis
At present, my country is a big country in bearing production, but it is not a strong country. Since the 19th National Congress of the Communist Party of China, the revitalization of the manufacturing industry has become a national strategy. The implementation of Made in China 2025, the implementation of industrial strong foundation projects, the development of new models, new business formats, and the conversion of new and old kinetic energy are important tasks facing the bearing industry. This is both an opportunity and a challenge for the bearing industry.
Domestic bearing manufacturers should seize the opportunity and actively research and develop new varieties of high-end bearings, and high-quality, high-performance high-end bearings should seize development opportunities. Improving the quality and brand awareness of my country's bearing products, increasing the share of the bearing export market, and realizing import substitution are the main trends in the future development of the industry.
The above data and analysis sources refer to the "Production and Sales Demand Forecast and Transformation and Upgrading Analysis Report of China's Bearing Manufacturing Industry" issued by the Qianzhan Industry Research Institute. At the same time, the Qianzhan Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment promotion. , IPO fundraising feasibility study and other solutions.
