Report Update: Apr 1, 2024

U.S. - Tapered Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Article Publishing Date: Jul 23, 2023

Import of Tapered Roller Bearings in the United States Sees Moderate Growth to $51M in May 2023.

U.S. Tapered Roller Bearing Imports

In May 2023, approximately 4.6K tons of tapered roller bearings were imported into the United States; increasing by 5.2% compared with April 2023 figures. Over the period under review, imports, however, showed a slight curtailment. The most prominent rate of growth was recorded in September 2022 with an increase of 35% against the previous month.

In value terms, tapered roller bearing imports amounted to $51M (IndexBox estimates) in May 2023. In general, imports, however, recorded a slight decline. The pace of growth was the most pronounced in September 2022 when imports increased by 23% m-o-m.

COUNTRY	Import Value of Tapered Roller Bearing in U.S. (million USD)
COUNTRY	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023
India	10.6	10.3	9.9	8.5	12.9	12.9	9.3	9.7	11.7	9.8	8.2	9.0	9.6
Japan	13.9	9.0	10.3	9.9	12.6	12.4	10.4	12.7	9.1	10.6	11.4	10.6	7.7
South Korea	7.4	9.3	6.7	4.4	7.0	5.3	6.3	4.6	7.0	3.3	7.5	5.8	7.1
China	7.8	7.9	5.0	5.2	5.9	5.9	5.7	6.0	4.8	4.7	4.0	6.6	5.9
Mexico	1.9	3.1	2.8	2.4	1.0	1.3	1.4	0.9	2.0	1.8	2.1	2.5	3.1
Poland	1.6	1.3	1.4	0.7	1.2	1.2	0.6	2.0	1.3	0.6	1.3	1.3	1.4
Hungary	0.7	0.4	0.6	0.6	0.6	0.6	0.3	0.6	0.5	0.6	0.6	0.5	0.9
Thailand	1.0	1.3	1.0	0.6	0.7	1.3	0.8	1.2	0.8	0.7	0.7	0.5	0.5
Others	13.5	15.9	11.6	12.1	12.4	10.4	14.2	11.9	11.3	10.2	12.7	13.3	14.4
Total	58.4	58.4	49.4	44.3	54.3	51.3	49.1	49.6	48.5	42.2	48.5	50.1	50.8

Imports by Country

In May 2023, China (1.6K tons), followed by South Korea (731 tons), Japan (729 tons), India (547 tons) and Mexico (320 tons) represented the major importers of tapered roller bearings, together creating 21% of total imports. Hungary (115 tons), Poland (102 tons) and Thailand (54 tons) followed a long way behind the leaders.

Imports into China decreased at an average monthly rate of -1.9% from May 2022 to May 2023. At the same time, Mexico (+5.2%), Hungary (+3.2%) and South Korea (+1.6%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing importer imported in the world, with a CAGR of +5.2% from May 2022-May 2023. By contrast, Poland (-2.5%), India (-2.8%), Japan (-3.6%) and Thailand (-6.9%) illustrated a downward trend over the same period. While the share of China (+3.2 p.p.) and South Korea (+2.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($9.6M), Japan ($7.7M) and South Korea ($7.1M) constituted the countries with the highest levels of imports in May 2023, with a combined 13% share of total imports. These countries were followed by China, Mexico, Poland, Hungary and Thailand, which together accounted for a further 6.1%.

Mexico, with a CAGR of +4.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In May 2023, the tapered roller bearing price amounted to $10,980 per ton (CIF, US), with a decrease of -3.6% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the import price increased by 22% against the previous month. As a result, import price attained the peak level of $13,936 per ton. From December 2022 to May 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In May 2023, the country with the highest price was India ($17,590 per ton), while China ($3,713 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tapered roller bearing market in the U.S.. 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 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)

Country coverage:

United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the U.S.
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

U.S. - Tapered Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights

Import of Tapered Roller Bearings in the United States Sees Moderate Growth to $51M in May 2023.

U.S. Tapered Roller Bearing Imports

Imports by Country

Import Prices 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

Recommended posts