China Details 2008 Bearing Exports
As the export data indicates, the global economic slowdown is having a strong impact on bearing manufacturers in China, masked somewhat by seasonality in the raw numbers. There are also numerous reports that year-end data is subject to many government "adjustments" needed to show production met levels indicated by the central planners.
Although there is some seasonality apparent in the bearing export data supplied, China's bearing exports are clearly dropping more sharply than in previous years.
The most telling numbers, however, are eBearing.com's own rolling year-on-year figures for export growth. As 2008 wore on, we calculate China's bearing industry -- almost completely dependent upon exports -- suffered a dramatic slowdown which is reflected in the year-on-year growth rate from 2007:
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