Bearing prices have been falling due to the fierce competition with the homogeneity of exported bearing products
Following is the price trend of exported bearing in China since 2015:
Average prices of exported bearing
Due to the limitation of capital, technology, human resources, research capability, etc., bearing enterprises in China are great in number yet mostly small in scale, and compete with each other mainly on the low- and mid-end market. As the low- and mid-end bearing products occupied the main bearing export , export enterprises in China, as a result of the fierce competition, dramatically cut their prices to seize the market share.
At present, in order to develop and produce high-end products, bearing manufacturers in China keep increasing investment in the production equipment, the testing equipment and the development of production lines etc., introduce overseas advanced production technology and upgrade equipment in technology, making bearing products close to or up to the international advanced level in quality and stepping into international high-end markets as top bearing manufacturers.
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