China's bearing industry is expected to sell 21 billion sets of total revenue of 158 billion yuan this year

According to the China Bearing Industry Association, the main business income of the bearing industry this year is expected to reach around 158 billion yuan, an increase of about 11%. Although revenues have maintained double-digit growth, uncertainties in the domestic bearing market have further increased this year.

The association's relevant experts analyzed that the bearing industry will appear low and high this year. However, the foreign exchange earnings from exports will increase by about 15% to 5.2 billion U.S. dollars.

The downward trend continues until mid-year when the association expects that the first half of this year will continue its downward trend in the fourth quarter of last year, and will slowly pick up in the second half of the year. However, the recovery is limited, and it is estimated that the overall development will be stable in the second half of the year.

As some enterprises in the industry, especially large-scale backbone enterprises, have begun to show the initial results of transformation, upgrading and structural adjustment in recent years. The association expects that the main business income of the bearing industry this year will reach about 158 ​​billion yuan, an increase of about 11%; bearing production will reach about 21 billion sets, an increase of about 16%.

It is worth noting that the negative factors of the business environment of the company will increase this year, and the operating risks will increase. It is expected that in the first half of the year, many domestic host industries will have insufficient supporting demand, bearing enterprise orders will be reduced, and most companies will have less than 50% of orders in the first half of the year, and underemployment.

A batch of new construction or expansion projects put into operation will cause excessive competition in the ordinary product market with excess capacity and threaten the survival of some enterprises; the price of production factors such as labor and raw materials will increase, the cost pressure of enterprises will increase, and profits will decline; Receivables increased, and recycling was difficult, especially for SMEs.

In the foreign bearing market, as the euro crisis cannot be improved in the short term, the economic stagnation in the United States and Japan, and the Asian economic growth rate may slow down, will have an impact on China’s bearing exports. China's bearing exports this year will not continue the trend of high growth last year, but it will not have a much lower rate of decline than the growth rate in recent years. It is expected that the foreign exchange earned from bearing exports this year will grow by about 15% to reach US$5.2 billion.

According to statistics before and after the development of the previous year, the total revenue of the main bearing business of the national bearing industry was 142 billion yuan last year, an increase of 12.7% year-on-year. The bearing production was completed 18 billion sets, an increase of 20% year-on-year; the annual export bearing was 4.9 billion sets, earning foreign exchange US$4.5 billion, an increase of 18.2% and 36.6% respectively over the same period of the previous year, with a total of 1.88 billion sets of imported bearings and US$4.17 billion of foreign exchange, which were respectively 4.6% and 9.4% higher than the same period of the previous year. The import and export surplus continued to increase, reaching 330 million U.S. dollars.

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 high-speed growth of 2010, the bearing industry had a high and low operating trend last year, and the industry entered a structural adjustment and Rational return stage.

Last year, the bearing industry maintained a certain growth throughout the year. At the beginning of last year, the main business revenue of the industry increased by more than 26% year-on-year. In the second half of the year, the growth rate continued to fall. However, last year the industry still maintained an increase of more than 12%, while the bearing of the export business revenue decreased less, the entire industry bearing import and export surplus More than 300 million U.S. dollars.

Judging from the number of bearing production and sales, the cumulative number of production and sales per month is basically balanced, but from the perspective of bearing inventory, the year-on-year growth rate fluctuates, but it generally shows an upward trend. At the end of last year, the amount of inventories increased by about 40% from the beginning of the year.

From the point of view of profit, the growth rate of profits at the beginning of last year was close to 60%, but due to a large increase in costs, the industry's profits eventually fell throughout the year, and the growth rate fell back to about 10%.

Bearing imports and exports once again showed a surplus. It is understood that since the international financial crisis, the bearing import and export deficit in 2009 was 800 million U.S. dollars. In 2010, the bearing import and export deficit was 500 million U.S. dollars. Last year, the import and export of bearings showed a surplus, with a surplus of 330 million U.S. dollars.

Analysis of the relevant person in charge of the association, the reproduction of the bearing industry surplus, on the one hand is a reasonable adjustment of China's export bearing market and structure, large bearings and high-end bearing export share increased, on the other hand is due to multinational bearing group companies have built in China Factory, reduced bearing imports.