U.S. - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Bearing Price in the United States - 2023
Contents:
- Ball Bearing Price in the United States (CIF) - 2023
- Ball Bearing Price in the United States (FOB) - 2023
- Ball Bearing Imports in the United States
- Ball Bearing Exports in the United States
Ball Bearing Price in the United States (CIF) - 2023
In July 2023, the import price in the United States amounted to $19,354 per ton, remaining stable against the previous month. Over the period under review, import price indicated a noticeable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, ball bearing import price increased by +2.8% against April 2023 indices. The pace of growth was the most pronounced in January 2023 when the import price increased by 24% against the previous month. The United States import price peaked at $20,204 per ton in February 2023; however, from March 2023 to July 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In July 2023, the country with the highest price was Italy ($63,136 per ton), while the Philippines ($4,328 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Mexico (+6.0%), while the other leaders experienced more modest paces of growth.
Ball Bearing Price in the United States (FOB) - 2023
In July 2023, the export price in the United States amounted to $332K per ton, stabilizing at the previous month. Overall, export price indicated a pronounced expansion from July 2022 to July 2023: its price increased at an average monthly rate of +3.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, ball bearing export price increased by +22.4% against April 2023 indices. The pace of growth appeared the most rapid in January 2023 when the export price increased by 51% m-o-m. Over the period under review, the export prices reached the maximum at $334K per ton in June 2023, and then fell modestly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($642K per ton), while Australia ($94,106 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Brazil (+7.6%), while the other leaders experienced more modest paces of growth.
Ball Bearing Imports in the United States
In 2022, approx. 99K tons of ball bearings were imported into the United States; picking up by 31% on 2021. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, ball bearing imports rose notably to $1.4B in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Ball Bearing in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,837 | 1,453 | 1,903 | 1,966 | 2.3% |
| China | 1,410 | 1,531 | 2,096 | 1,929 | 11.0% |
| India | 435 | 343 | 533 | 619 | 12.5% |
| Mexico | 518 | 433 | 583 | 595 | 4.7% |
| Italy | 527 | 418 | 563 | 588 | 3.7% |
| Netherlands | 445 | 432 | 519 | 518 | 5.2% |
| France | 514 | 380 | 460 | 467 | -3.1% |
| Japan | 421 | 348 | 416 | 441 | 1.6% |
| Brazil | 244 | 226 | 333 | 393 | 17.2% |
| South Korea | 348 | 302 | 401 | 351 | 0.3% |
| Indonesia | 246 | 178 | 237 | 256 | 1.3% |
| Spain | 174 | 141 | 188 | 200 | 4.8% |
| Russia | 246 | 175 | 212 | 194 | -7.6% |
| Others | -6,110.9 | -5,359.6 | -7,155.9 | -7,140.5 | 5.3% |
| Total | 1,254 | 1,000 | 1,289 | 1,375 | 3.1% |
Top Suppliers of Ball Bearing to the United States in 2022:
- Germany (128.3K tons)
- India (85.5K tons)
- China (73.1K tons)
- Italy (45.0K tons)
- Mexico (44.6K tons)
- Netherlands (44.4K tons)
- Brazil (42.5K tons)
- Indonesia (35.6K tons)
- France (32.4K tons)
- Russia (24.9K tons)
- South Korea (23.1K tons)
- Japan (21.7K tons)
- Spain (21.4K tons)
Ball Bearing Exports in the United States
In 2022, after two years of decline, there was significant growth in overseas shipments of ball bearings, when their volume increased by 18% to 3.7K tons. Overall, exports, however, showed a precipitous descent.
In value terms, ball bearing exports rose significantly to $749M in 2022. Over the period under review, exports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year.
| Export of Ball Bearing in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.5 | 3.5 | 3.6 | 11.5% |
| Japan | 1.8 | 1.5 | 2.0 | 1.9 | 1.8% |
| Germany | 1.7 | 1.6 | 2.0 | 1.9 | 3.8% |
| Italy | 0.9 | 0.7 | 0.9 | 0.9 | 0.0% |
| France | 0.8 | 0.6 | 0.8 | 0.7 | -4.4% |
| Netherlands | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
| Thailand | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| South Korea | 0.5 | 0.4 | 0.5 | 0.4 | -7.2% |
| Singapore | 0.5 | 0.4 | 0.4 | 0.3 | -15.7% |
| Poland | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | -9.0 | -8.0 | -10.5 | -10.3 | 4.6% |
| Total | 0.8 | 0.6 | 0.7 | 0.7 | -4.4% |
Top Export Markets for Ball Bearing from the United States in 2022:
- China (534.7K tons)
- Japan (106.6K tons)
- Germany (70.7K tons)
- Italy (61.0K tons)
- South Korea (38.3K tons)
- France (35.5K tons)
- Netherlands (35.2K tons)
- Poland (24.6K tons)
- Thailand (19.3K tons)
- Singapore (14.2K tons)
This report provides an in-depth analysis of the ball 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 28151030 - Ball bearings
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In the first half of 2021, American ball bearing imports showed a sign of rebound, rising by +25% compared to the figures of the same period of 2020. The U.S. imports dramatically dropped from $1.3B in 2019 to $1B in 2020. China, Thailand and Japan, the leading suppliers of ball bearings to the U.S., saw a significant decrease in exports last year. The average ball bearing import price grew slightly by +2% y-o-y to $2 per unit in 2020.
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In the first half of 2021, American ball bearing imports showed a sign of rebound, rising by +25% compared to the figures of the same period of 2020. The U.S. imports dramatically dropped from $1.3B in 2019 to $1B in 2020. China, Thailand and Japan, the leading suppliers of ball bearings to the U.S., saw a significant decrease in exports last year. The average ball bearing import price grew slightly by +2% y-o-y to $2 per unit in 2020.
