U.S. - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBearing Prices in the United States
U.S. Bearing Export Price per Ton in August 2022
In August 2022, the bearing price per ton amounted to $16.2K (FOB, US), dropping by -9.3% against the previous month. Over the last seven months, it increased at an average monthly rate of +5.5%. The most prominent rate of growth was recorded in February 2022 an increase of 24% month-to-month. The export price peaked at $17.8K per ton in July 2022, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($47.4K per ton), while the average price for exports to Austria ($1.4K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.
U.S. Bearing Export Prices by Type
There were significant differences in the average prices for the major types of exported product. In August 2022, the product with the highest price was spherical roller bearings ($211.6K per ton), while the average price for exports of needle roller bearings ($1.6K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was recorded for the following types: roller bearing (+7.7%), while the prices for the other products experienced more modest paces of growth.
U.S. Bearing Exports
In August 2022, after two months of decline, there was significant growth in shipments abroad of ball or roller bearings, when their volume increased by 16% to 11K tons. Overall, exports, however, continue to indicate a slight reduction. The pace of growth was the most pronounced in March 2022 when exports increased by 27% m-o-m. As a result, the exports reached the peak of 14K tons. From April 2022 to August 2022, the growth of the exports remained at a lower figure.
In value terms, bearing exports amounted to $181M (IndexBox estimates) in August 2022. The total export value increased at an average monthly rate of +3.6% over the period from January 2022 to August 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain months. The most prominent rate of growth was recorded in March 2022 when exports increased by 14% month-to-month. Over the period under review, the exports hit record highs in August 2022.
U.S. Bearing Exports by Type
Needle roller bearings (6.8K tons) was the largest type of bearing exported from the United States, with a 60% share of total exports. Moreover, needle roller bearings exceeded the volume of the second product type, tapered roller bearings (2.3K tons), threefold. Ball bearings (1.3K tons) ranked third in terms of total exports with a 12% share.
From January 2022 to August 2022, the average monthly rate of growth in terms of the volume of export of needle roller bearings stood at -3.3%. With regard to the other exported products, the following average monthly rates of growth were recorded: tapered roller bearings (+2.2% per month) and ball bearings (+0.4% per month).
In value terms, the most traded types of ball or roller bearings in the United States were ball bearings ($66M), tapered roller bearings ($59M) and cylindrical roller bearings ($27M), with a combined 84% share of total exports. These products were followed by needle roller bearings, spherical roller bearings and roller bearings, which together accounted for a further 16%.
Tapered roller bearing, with a CAGR of +6.1%, recorded the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced more modest paces of growth.
U.S. Bearing Exports by Country
Mexico (4.6K tons) was the main destination for bearing exports from the United States, with a 41% share of total exports. Moreover, bearing exports to Mexico exceeded the volume sent to the second major destination, Canada (1.4K tons), threefold. China (1K tons) ranked third in terms of total exports with a 9.3% share.
From January 2022 to August 2022, the average monthly growth rate of volume to Mexico stood at -5.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Canada (+4.7% per month) and China (+8.3% per month).
In value terms, Mexico ($42M), Canada ($38M) and China ($9.7M) appeared to be the largest markets for bearing exported from the United States worldwide, with a combined 49% share of total exports. Germany, Singapore, France, Brazil, South Korea, Japan, India, the Netherlands, Hong Kong SAR, Hungary and Austria lagged somewhat behind, together accounting for a further 25%.
Singapore, with a CAGR of +10.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the 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
- 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:
- 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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This report provides an in-depth analysis of the bearing market in the U.S..
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This report provides an in-depth analysis of the bearing market in the U.S..
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This report provides an in-depth analysis of the ball bearing market in the U.S..
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This report provides an in-depth analysis of the tools for bearing market in the U.S..
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This report provides an in-depth analysis of the cylindrical roller bearing market in the U.S..
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This report provides an in-depth analysis of the needle roller bearing market in the U.S..
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This report provides an in-depth analysis of the ball bearing parts market in the U.S..
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This report provides an in-depth analysis of the roller bearing market in the U.S..
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This report provides an in-depth analysis of the spherical roller bearing market in the U.S..
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This report provides an in-depth analysis of the tapered roller bearing market in the U.S..
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In August 2022, the bearing price per ton amounted to $16.2K (FOB, US), falling by -9.3% against the previous month.
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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 value terms, needle roller bearing imports shrank slightly to $14M in April 2023.
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In July 2023, the imports of Ball Bearing Parts decreased to $39M in value terms.
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In February 2023, the price of spherical roller bearings was $25.5 per kg (CIF, US), marking an increase of 19% compared to the previous month.
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Imports of Tapered Roller Bearing reached a value of $51M in May 2023.
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Explore the top import markets for bearings, including China, Germany, and the United States. Discover key statistics and figures that highlight the growth and demand in this thriving industry.
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Explore the top import markets for ball bearings, including Germany, China, the United States, and more. Find key statistics and data on the global demand for ball bearings.
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Discover the leading import markets for cylindrical roller bearings and their impact on the global industry. From China to South Korea, learn about the key players driving the demand for these essential components.
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In August 2022, the bearing price per ton amounted to $16.2K (FOB, US), falling by -9.3% against the previous month.
