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China's Bearing Industry Is Developing Rapidly
- Sep 18, 2018 -

China's bearing industry revenue is expected to reach 158 billion yuan in 2012

Recently, it was learned from China Bearing Industry Association that the main business income of the bearing industry in 2012 is expected to reach 158 billion yuan, an increase of about 11%. Although revenues have maintained double-digit growth, uncertainties in the domestic bearing market have increased further in 2012.

According to experts from the association, the bearing industry will see a trend of low and high in the past year, but the foreign exchange earned by exports will increase by about 15% to reach 5.2 billion.

Downtrend continues until mid-year

The association expects that the first half of 2012 will continue the downward trend in the fourth quarter of 2011, and will rebound slowly in the second half of the year, but the recovery is limited. It is estimated that an overall stable development trend will be formed in the second half of the year.

The initial effects of transformation and upgrading and structural adjustment of some enterprises in the industry, especially large-scale backbone enterprises, have begun to appear in recent years. The association expects that the main business income of the bearing industry will reach 158 billion yuan in 2012, an increase of about 11%; the bearing output will reach 21 billion sets, with a growth rate of about 16%.

It is worth noting that in 2012, the negative factors of the business environment will increase and the operational risks will increase. It is expected that in the first half of the year, the supporting demand of many domestic host industries will be insufficient, and the orders of bearing enterprises will be reduced. Most enterprises will have less than 50% of orders in the first half of the year and they will not be able to start work.

The commissioning of a number of new or expanded projects has led to excessive competition in the market for ordinary products with excess capacity, threatening the survival of some enterprises; the prices of production factors such as labor and original materials have risen, the pressure on enterprises has increased, and profits have fallen; Increased receivables and difficulties in recovery, especially for SMEs.

In the foreign bearing market, as the euro crisis cannot be improved in the short term, the US-Japan economy will stagnate, and the growth rate of the Asian economy may slow down, which will have an impact on China's bearing exports. This year, China's bearing exports will not continue the high growth trend in 2011, but the growth rate in recent years will not be much lower. It is estimated that in 2012, foreign exchange earning from bearing exports will increase by about 15% to reach US$5.2 billion.

Before the development of the previous year

Low statistics show that in 2011, the national bearing industry completed the main business income of 142 billion yuan, an increase of 12.7%, bearing output completed 18 billion sets, an increase of 20%; the annual export of bearings 4.9 billion sets, foreign exchange earned 4.5 billion US dollars, respectively Compared with the same period of the previous year, it increased by 18.2% and 36.6%, with a total of 1.88 billion sets of imported bearings and US$4.17 billion, up 4.6% and 9.4% respectively over the same period of last year. The import and export surplus continued to increase, reaching US$330 million.

The relevant person in charge of the Axis Association believes that in the context of the complex and ever-changing international political and economic situation, after the rapid growth of the bearing industry in 2010, there was a trend of high and low in 2011, and the whole industry entered a structural adjustment. And the stage of rational return.

In 2011, the bearing industry maintained a certain growth throughout the year. At the beginning of 2011, the revenue of the main business of the whole industry increased by more than 26% year-on-year. In the second half of the year, the growth rate continued to fall. However, in 2011, the whole industry still maintained an increase of more than 12%, while the income from bearing export business decreased slightly. The surplus is over $300 million.

From the perspective of the number of production and sales of bearings, the monthly cumulative production and sales volume is basically balanced, but from the perspective of bearing inventory, although the year-on-year growth rate fluctuates, it is generally on the rise. At the end of 2011, the inventory amount increased by about 40% compared with the beginning of the year.

From the point of view of profit, the profit growth rate in early 2011 was close to 60%. However, due to the large increase in cost, the industry profit of the whole year fell, and the growth rate dropped to around 10%.

The bearing import and export again showed a surplus. It is understood that since the international financial crisis, the bearing import and export deficit in 2009 was 800 million US dollars. In 2010, the bearing import and export deficit was 500 million US dollars. In 2011, the bearing import and export regained a surplus, with a surplus of 330 million US dollars.

The relevant person in charge of the association analyzed that the bearing industry surplus reappeared. On the one hand, China's export bearing market and structure have been rationally adjusted. The export share of large bearings and medium and high-end bearings has increased. On the other hand, the multinational bearing group companies have been built in China. Factory, imported bearings are reduced.