China Details January 2009 Bearing Exports
Resource from: CBCC Likes:2917
Jun 15,2009
The government of China, General Administration of Customs, via the state-controlled Xinhua news, has released data covering its exports of all types of bearings, for January 2009.
Note: China's state-volunteered export data is notoriously inaccurate, tending to dramatically understate both the quantity and value. Although the specific numbers may be suspect, the data does offer insight to general trends in volume, growth, and pricing which have proven valuable in terms of general industry analysis.
For January 2009, the number of bearings exported has been reported as down, and the drop is somewhat steeper than expected, totaling only 194 million -- more than a 40% fall from January 2008's 325 million.
Exports for January 2009
count 194,430,000 bearings
total value $USD $138.7 million
average value $USD $0.713
Compared to December 2008
count 218,770,000 bearings
total value $USD $155.1 million
average value $USD $0.709
Compared to November 2008
count 197,430,000 bearings
total value $USD $153.5 million
average value $USD $0.777
Compared to October 2008
count 258,040,000 bearings
total value $USD $176.6 million
average value $USD $0.684
Compared to September 2008
count 280,630,000 bearings
total value $USD $195.3 million
average value $USD $0.695
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 the 2008 year-end data was subject to many government "adjustments" needed to show production met levels forecast by central planners.
Although there is some seasonality apparent in the bearing export data supplied, China's bearing exports are clearly continuing to drop sharply.
The most telling numbers, however, are eBearing.com's own rolling year-on-year figures for exports. 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. That crash is clearly continuing into 2009.
2008 July 324,000,000 YTD : + 14%
2008 August 312,000,000 YTD : + 13%
2008 September 281,000,000 YTD : + 11%
2008 October 258,000,000 YTD : + 10%
2008 November 197,000,000 YTD : + 5.5%
2008 December 219,000,000 YTD : + 2.6%
2009 January 194,000,000 YTD : - 40.1%
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
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