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Canada - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Article Publishing Date: May 25, 2023

Bearing Price in Canada Falls to $44.1 per kg

Canada Bearing Import Price in February 2023

In February 2023, the bearing price amounted to $44,140 per ton (CIF, Canada), waning by -5.9% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 an increase of 8.9% against the previous month. Over the period under review, average import prices hit record highs at $46,901 per ton in January 2023, and then shrank in the following month.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Japan ($76,943 per ton), while the price for India ($15,166 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRY	Import Price of Bearing in Canada (USD per ton)
COUNTRY	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023
Japan	47,695	59,193	57,088	57,273	49,195	45,670	61,305	51,545	58,579	49,201	54,017	53,107	76,943
Germany	34,619	45,457	47,311	56,129	41,761	48,883	46,081	34,008	36,625	59,409	43,861	54,201	59,686
China	53,827	50,728	48,809	48,601	43,310	41,447	46,026	51,345	45,839	54,916	54,254	56,658	57,646
United States	39,568	34,751	33,501	33,294	30,569	33,007	31,383	35,577	36,672	31,912	37,757	36,395	32,821
Romania	34,945	25,698	31,896	19,005	22,860	22,919	36,190	20,724	27,437	20,907	19,527	22,433	25,652
Sweden	19,117	20,982	20,033	18,929	19,216	24,698	20,960	22,415	21,100	19,692	18,701	33,724	18,842
India	14,314	16,766	15,576	16,548	15,422	17,280	14,779	17,111	15,542	17,276	14,929	16,874	15,166
Average	44,822	44,979	43,472	45,220	39,976	43,543	44,802	44,716	44,684	41,183	43,685	46,901	44,140

Canada Bearing Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In February 2023, the product with the highest price was needle roller bearings ($27,747 per ton), while the price for tapered roller bearings ($12,229 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by ball bearing (+495.3%), while the prices for the other products experienced mixed trend patterns.

Canada Bearing Imports

In February 2023, the amount of ball or roller bearings imported into Canada shrank to 1.2K tons, waning by -4.3% against January 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 with an increase of 23% m-o-m.

In value terms, bearing imports fell to $55M (IndexBox estimates) in February 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 23% against the previous month. As a result, imports attained the peak of $66M. From April 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

Canada Bearing Imports by Type

In February 2023, tapered roller bearings (901 tons) constituted the largest type of bearing supplied to Canada, with a 73% share of total imports. Moreover, tapered roller bearings exceeded the figures recorded for the second-largest type, spherical roller bearings (247 tons), fourfold.

From February 2022 to February 2023, the average monthly growth rate of the volume of import of tapered roller bearings was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: spherical roller bearings (+0.0% per month) and needle roller bearings (+1.7% per month).

In value terms, ball bearings ($23M) constituted the largest type of bearing supplied to Canada, comprising 43% of total imports. The second position in the ranking was held by tapered roller bearings ($11M), with a 20% share of total imports. It was followed by cylindrical roller bearings, with a 13% share.

Canada Bearing Imports by Country

In February 2023, the United States (676 tons) constituted the largest bearing supplier to Canada, accounting for a 55% share of total imports. Moreover, bearing imports from the United States exceeded the figures recorded by the second-largest supplier, China (145 tons), fivefold. India (67 tons) ranked third in terms of total imports with a 5.4% share.

From February 2022 to February 2023, the average monthly growth rate of volume from the United States amounted to +2.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-0.8% per month) and India (+1.9% per month).

In value terms, the United States ($22M) constituted the largest supplier of bearing to Canada, comprising 41% of total imports. The second position in the ranking was taken by China ($8.4M), with a 15% share of total imports. It was followed by Japan, with an 8.7% share.

From February 2022 to February 2023, the average monthly growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-0.2% per month) and Japan (+0.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bearing market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28151030 - Ball bearings
Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
Prodcom 28151055 - Spherical roller bearings
Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
Prodcom 28151070 - Needle roller bearings
Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Canada - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

Bearing Price in Canada Falls to $44.1 per kg

Canada Bearing Import Price in February 2023

Canada Bearing Import Prices by Type

Canada Bearing Imports

Canada Bearing Imports by Type

Canada Bearing Imports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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