Bearing market demand promotion business expects revenue growth to be around 12% (text)

In view of the further increase of uncertainties in the domestic market, the China Bearing Industry Association expects that the industry will experience a trend of low and high prices. The annual growth rate of bearing business revenue will be around 12%. According to the association's statistics on key enterprises, in 2011 the national bearing industry completed its main business income of 142 billion yuan, an increase of 12.7% year-on-year, and bearing production completed 18 billion sets, a year-on-year increase of 20%.



In 2012, the uncertainties in the domestic bearing market will further increase. The bearing industry will experience a situation of low and high growth. It is expected that the first half of 2012 will continue its downward trend in the fourth quarter of 2011 and will slowly rise in the second half of the year, but the recovery will be limited. In the second half of the year, there will be an overall stable development trend. As some enterprises in the industry, especially large-scale backbone enterprises, have begun to show the preliminary results of transformation, upgrading and structural adjustment in recent years, it is expected that in 2012, the main business income of the bearing industry will reach about 158 ​​billion yuan, an increase of about 11%. Bearing business revenue will reach about 112 billion yuan, a growth rate of about 12%, bearing production will reach about 21 billion sets, a growth rate of about 16%.

At the same time, the negative factors in the business environment of the company increased in 2012, and the operating risks increased. In particular, in the first half of the year, many domestic host industries lacked supporting requirements, bearing enterprise orders decreased, and most enterprises had less than 50% of orders in the first half of the year and underemployment; a batch of new or expansion projects were put into operation, which caused the over-capacity of ordinary product markets Competition has threatened the survival of some enterprises; the price of production factors such as labor and raw materials has risen; the cost pressure on enterprises has increased; profits have fallen; corporate inventories have risen, receivables have increased, and recycling has been difficult, especially for SMEs.

Internationally, as the euro crisis cannot be improved in the short term and the US and Japan economies stagnate, the growth rate of the Asian economy may slow down, which will have an impact on China’s bearing exports. However, from another perspective, due to the international economic downturn, it is bound to prompt all kinds of economies to strive to reduce cost pressures. China's bearing performance and price ratio also has certain advantages, coupled with the development of China's bearing industry in recent years, not only ball bearings have occupied a certain market in the international market, and from the changes in the structure of export products in recent years, roller bearing exports also have a Great progress, and the development of large bearings, therefore, although China's bearing exports will not continue this year's high growth trend in 2012, but it will not be much slower than the development rate in recent years. It is expected that bearing exports will also be generated in 2012. There is a growth of about 15%.