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2011 Bearing Industry Development Summary

In 2011 the receipts of China Precision Bearing industry is really satisfactory, it may be said as "countless rich fruits", sales income is estimated at 139 billion yuan, increasing about 10% more than 2010, and the expected precision bearings are 17 billion sets, increasing 13.3% more than the same period last year. In the import and export aspects, annual export bearing amount is estimated at 4.7 billion sets, a growth 13.25% or so from the same period last year, earning $4.5 billion, a growth 36% or so from last year. Import bearings are 1.9 billion sets, up 6% or so from a year ago, the import foreign exchange is $4.2 billion, a 10.27% growth from last year. Furthermore, annual import and export surplus is projected for 300 million dollars.

According to the main enterprise statistical analysis of the bearing industry in November 1 ~ 11 to see, the main production of Precision Bearings is still increase steadily year-on-year, bearing production and sales are basic balance, a business growth fell slightly last month, but growth has a downside stabilized trend, the inventory amount growth is on the rise fluctuations.

According to understand, since the second half of 2011, by the national policy from the "protecting the growth" to clear to "adjusting structure" as the main orientation of change, the host of the product by the high speed development of industry grew into the influence of the escalating level, in addition, plus the Euro zone debt crisis by international, especially since in August, the effect of export for three months appeared annulus comparing decline.

To think about expert analysis, in the situation influenced by home and abroad bearing effect, the economic operation of the bearing industry appeared the situation of high translating into low trend, especially Deep Groove Ball Bearings and Ball Screw Support Bearings but due to the rapid development of the first half year, in 2011 the whole industry still kept a stable growth posture.

Tags: Bearings, Precision

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2011 Bearing Industry Development Summary

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