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The eBearing News
August 25, 2003
China's Bearing Manufacturing
Continues Rapid Growth
copyright © 2003 eBearing Inc.
The government of China and the Bearing Industry Association released statistics about the bearing
industry and the findings of a recent manufacturing survey. Both cement reports of rapid growth
in that country and projections for it to continue accelerating.
Covering 107 of China's leading bearing manufacturers, the CBIA survey represents almost half of the
country's officially declared output (note: most industry analysts contend China dramatically
under-reports bearing production and sales). The survey period covered is January to May, 2003.
for the purposes of this survey, a set is considered to be one complete, finished bearing,
including an upper/lower or inner/outer where applicable.
Survey manufacturers reported production for the period was 498 million sets, up more than 10% over 2002.
Actual sales reported were 483 million sets, up 8%.
The companies reported their export sales during this period were 185 million sets, up 4.5% from 2002.
Domestic consumption in China rose by more than 10%, to 298 million sets from 2002's 270 million sets.
Average manufacturer's selling price during the period, for all types of bearings combined, was
Rmb 15.81 (USD $1.91) per set, up more than 25% from 2002's Rmb 13.60 ($1.64) per set average.
The higher average selling price is traceable to a higher value-added product mix, slight price
increases, and wider production of specialty, non-commodity bearings.
Officially, China's bearing manufacturers are now running at or near capacity, 2.4 billion to 2.5 billion
sets per year. However, the country's true capacity is higher than 2.5 billion sets, probably closer to 4 billion
sets, according to many estimates.
In commodity ball and roller bearings -- common automotive and light industrial sizes -- production
capacity is still significantly higher than demand. The effect, continued downward pressure on
commodity bearing prices, is being felt not only in China but worldwide.
Official state forecasts put the country's bearing industry manufacturing capacity at almost 5 billion sets
by 2005, double today's official capacity and 20% above unofficial estimates.
Demand for bearing steel is projected to increase 20% by 2005, to 1.2 million tons.
Official forecasts for 2005 put domestic Chinese demand at 3 billion sets, with growth especially strong
in plain bearings and automotive engine bearings.
By 2005, official bearing exports are expected to exceed Rmb 8.27 billion ($1 billion).
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- by Bruce A. Carr
from individual research,
tips and commercial sources.
Unauthorized reproduction is prohibited.
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eBearing.com ... for everything that moves™
Entire contents Copyright 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered
trademarks of eBearing Inc.
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eBearing.com ... for everything that moves™
Entire contents Copyright © 1999-2008, eBearing Inc. All rights reserved.
eBearing.com and "... for everything that moves" are registered trademarks of eBearing Inc.
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