Bearing exports rebounded sharply in 2010

China's bearing industry recorded an increase of over 30% in sales revenue and profits in 2010, and the increase in profits was higher than the increase in sales revenue.

Although the final statistics have not yet been released, but the previous data show that the main bearing business income in 2010 will exceed 100 billion yuan, reaching 120 billion yuan, the growth rate will reach 30%. Driven by the automobile, agricultural machinery, and home appliance industries, the demand for small-sized bearings increased significantly in 2010. It is estimated that the annual bearing output will reach 15 billion sets, an increase of 36.36% over the same period of last year. It is estimated that the total profit can reach 6.5 billion yuan, an increase of 38.3% over the previous year.

In 2010, bearing exports will reach 4.15 billion sets, which is an increase of 53.65% over the same period last year and an increase of 28.9% from 2008. Exports will reach 3.32 billion U.S. dollars, a year-on-year increase of approximately 63.6%, and an increase of 11.4% over 2008.

China Bearing Industry Supplier Distribution



Bearing industry buyers search map However, the substantial increase in export credit comes from micro-bearings, China's micro-bearing products, the level of technical quality has been close to international standards, has occupied a stable international market. Lagging high-end bearing products contain the development of the entire bearing industry. As China's high-end bearings in the performance and price ratio, high precision, low noise, long life and high reliability and other foreign well-known enterprises there is a big gap, reflected in the market is the domestic demand for high-end bearings still have to rely on Imported to meet.

Therefore, if the bearing industry in China is to remain at a stable and rapid development level for a long time, the focus should also be placed on the research and development and industrialization of high-end bearings.