Bearing high yield forecast of 21 billion after the industry before 2012 will be low -

I recently learnt from China bearing industry association, around 2012 bearing industry main business revenue is expected to reach 158 billion yuan, an increase of 11% per cent. Although the double-digit revenue growth, but in 2012 domestic bearing market uncertainty further increased.

The Association expert analysis, bearing low-high trend after prior to this year, but about 15% will also export growth, reaching 5.2 billion dollars.

In the downward trend continue into the year

Associations are expected in 2012, will continue to the first half of 2011, the downward trend in the fourth quarter, will slow in the second half, but the rebound is limited, estimated to form the overall stable development trend in the second half.

Because some companies in the industry, especially the transformation and upgrade of large enterprises in recent years, structural adjustment effects begin to emerge. Association expects about 2012 bearing industry main business revenue is expected to reach 158 billion yuan, an increase of about 11%; around bearing production is expected to reach 21 billion, growth was around 16%.

Noteworthy is that 2012 business environment negative factor will increase, increased risk of business. Insufficient half many hosts industry supporting domestic demand is expected, bearing Enterprise orders, most enterprises 50% not orders in the first half, underemployment.

And a number of new or expanded production, originally forming excessive overcapacity of ordinary product market competition, threats part of enterprise survival; prices of factors of production such as labor, raw materials, cost pressures, profit decline in inventory increases, receivables increased recycling difficult, in particular SMEs, liquidity tensions.

Bearing market abroad, as the euro crisis could not be improved in the short term, American and Japanese economic slowdown, Asia's economic growth is likely to slow, can have an impact on the export of China bearing. Bearings in China this year, exports will not be extended for 2011 year of high growth trend, but in recent years the pace of development would not decline much. Projected 2012 bearing there will be about 15% export growth, reaching 5.2 billion dollars.

After the developments of the preceding year ago

Low statistics data displayed, 2011 national bearing industry completed main business income 142 billion yuan, up growth 12.7%, bearing production completed 18 billion set, up growth 20%; throughout export bearing 4.9 billion set, earned 4.5 billion dollars, respectively than last year over growth has 18.2% and 36.6%, Trojan imports bearing 1.88 billion set, with meeting 4.17 billion dollars, respectively than last year over growth 4.6% and 9.4%, import and export surplus continues to increased, reached has 330 million dollars.

Axis official believes that, in the context of the complex and changing international political and economic situation, bearing industry experience in 2010 after years of rapid growth, low running situation after 2011 for the former high, industry-wide into a structural adjustment and rationality stage.

2011 bearing industry still maintained a growth for the year. In early 2011, the industry main business revenue rose 26% above, in the second half, an increase of constantly falling, but the increase in 2011 the industry still keep 12% above and bearing export revenue declines in smaller, industry-wide bearing import and export surpluses of more than $ 300 million.

Number from the production and sale of bearings, monthly cumulative basic balance in the number of production and sales, but bearing amount of inventory, up notwithstanding the fluctuations in growth, but the overall upward trend. Inventory growth earlier than about 40% in late 2011.

Judging from the profit, profit growth of nearly 60% in early 2011, but due to rising costs have a large, final industry profits decline for the year, growth rate to about 10%.

Import and export of bearings again rendered surplus. It is understood that, since the international financial crisis, 2009 bearing import deficit of 800 million US dollars, 2010 bearing import deficit of 500 million US dollars in 2011, import and export of bearings to reproduce surplus, surplus of US $ 330 million.

Analysis of Association official, bearing trade surplus again, bearing market for our exports on the one hand and a reasonable adjustment of the structure, a large share of bearings and bearing in high-end exports increased, partly because the cross-bearing group factory in China, imported bearings to reduce.