What is the export situation of China's bearings in the first half of 2024?
In the first six months of 2024, China's bearing manufacturing industry has shown a unique trend in the international market - the total export volume has increased steadily, but the total value has declined. Specifically, from January to June, the overseas transportation volume of Chinese bearings totaled 392,924 tons, an increase of 2,741 tons compared with the same period last year, a slight increase of only 1%. However, total exports declined, recording US$2,473.61 million, a decrease of US$92.531 million, or 3.3%, compared with last year. What is particularly concerning is that the export volume in June was 73,258 tons, and the export value was fixed at US$439.193 million.
Overview of trends over the years: An in-depth exploration of China's bearing export data from 2020 to June 2024 can clearly see its ups and downs. (Note: For specific historical data details, please refer to the complete analysis report released by Huajing Industrial Research Institute.)
Unit price changes: In terms of average export unit price, the figure from January to June 2024 was US$6,300/ton, while it was US$6,600/ton in the same period of 2023, showing a slight decline. By June, the average unit price was further adjusted to US$6,000/ton.
June focus: Pay special attention to the situation in June 2024. China's bearing export volume was 73,258 tons, an increase of 7,110 tons compared with the same month last year, a growth rate of 11%. Total exports increased to US$439.193 million, an increase of US$19.579 million or 5% compared with June last year. The average export unit price that month was US$6,000/ton.