The Ministry of Industry and Information Technology predicts that the bearing industry will show a low and high trend in the whole year

The Ministry of Industry and Information Technology released a report yesterday that the uncertainties in the domestic bearing market will further increase in 2012, and the bearing industry will experience a situation of low and high prices. It is expected that the first half of 2012 will continue its downward trend in the fourth quarter of 2011 and will slowly pick up in the second half of the year. However, the recovery rate is limited. It is estimated that the overall development trend will be stable in the second half of the year.

According to the report, due to the initial effects of transformation, upgrading and restructuring of some enterprises in the industry, especially large-scale backbone enterprises, it is expected that in 2012, the main business income of the bearing industry will reach around 158 billion yuan, an increase of about 11%. Bearing production will reach around 21 billion units, an increase of about 16%. According to statistics from the China Bearing Industry Association on key enterprises, in 2011 the national bearing industry completed its main business income of 142 billion yuan, a year-on-year increase of 12.7%, and bearing production completed 18 billion sets, an increase of 20% year-on-year.

In 2012, the negative factors in the business environment of the company increased 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, most companies' orders in the first half of the year were less than 50%, and underemployment was insufficient; a number of new or expansion projects were put into operation, which caused the overproduction of ordinary product markets Competition threatens the survival of some enterprises. On the export side, the report believes that although China's bearing exports will not continue its high growth trend in the past year, it will not be much slower than the growth rate in recent years. It is expected that the annual foreign exchange earnings from bearing exports will grow by about 15%. .