U.S. - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNeedle Roller Bearing Price in the United States - 2023
Contents:
- Needle Roller Bearing Price in the United States (CIF) - 2023
- Needle Roller Bearing Price in the United States (FOB) - 2023
- Needle Roller Bearing Imports in the United States
- Needle Roller Bearing Exports in the United States
Needle Roller Bearing Price in the United States (CIF) - 2023
The import price in the United States stood at $18,031 per ton in September 2023, growing by 2.2% against the previous month. Overall, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in April 2023 when the import price increased by 15% month-to-month. Over the period under review, import prices reached the peak figure at $22,503 per ton in January 2023; however, from February 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($31,082 per ton), while France ($5,480 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+1.7%), while the other leaders experienced more modest paces of growth.
Needle Roller Bearing Price in the United States (FOB) - 2023
In September 2023, the export price in the United States amounted to $89,229 per ton, flattening at the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in June 2023 when the export price increased by 36% month-to-month. As a result, the export price attained the peak level of $107K per ton. From July 2023 to September 2023, the the export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($260K per ton), while Austria ($29,680 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+17.4%), while the other leaders experienced more modest paces of growth.
Needle Roller Bearing Imports in the United States
In 2022, the amount of needle roller bearings imported into the United States reduced to 8.4K tons, shrinking by -2.2% compared with the previous year's figure. Overall, total imports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.7% 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 +52.3% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 56%. As a result, imports attained the peak of 8.6K tons, and then fell slightly in the following year.
In value terms, needle roller bearing imports totaled $161M in 2022. The total import value increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. The United States imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Needle Roller Bearing in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 199 | 163 | 188 | 209 | 1.6% |
| Mexico | 129 | 110 | 132 | 133 | 1.0% |
| China | 100 | 100 | 132 | 123 | 7.1% |
| South Korea | 77.6 | 67.9 | 77.6 | 66.8 | -4.9% |
| Netherlands | 44.1 | 34.9 | 38.4 | 44.6 | 0.4% |
| Japan | 47.4 | 39.9 | 51.0 | 43.8 | -2.6% |
| Italy | 43.4 | 33.6 | 38.3 | 42.8 | -0.5% |
| Thailand | 41.2 | 37.2 | 47.8 | 42.3 | 0.9% |
| Brazil | 33.8 | 27.0 | 37.9 | 40.1 | 5.9% |
| Nigeria | 0.7 | 3.8 | 14.4 | 39.8 | 284.5% |
| France | 48.4 | 37.4 | 41.4 | 38.5 | -7.3% |
| Canada | 25.0 | 19.2 | 25.3 | 38.0 | 15.0% |
| Indonesia | 31.2 | 20.6 | 32.8 | 32.9 | 1.8% |
| Others | -663.8 | -575.1 | -696.0 | -733.2 | 3.4% |
| Total | 157 | 119 | 161 | 161 | 0.8% |
Top Suppliers of Needle Roller Bearing to the United States in 2022:
- Germany (13.3K tons)
- Mexico (6.0K tons)
- China (2.9K tons)
- Nigeria (2.6K tons)
- Indonesia (2.3K tons)
- South Korea (2.3K tons)
- Brazil (1.9K tons)
- Thailand (1.9K tons)
- France (1.8K tons)
- Japan (1.7K tons)
- Netherlands (1.5K tons)
- Italy (1.5K tons)
- Canada (1.4K tons)
Needle Roller Bearing Exports in the United States
In 2022, the amount of needle roller bearings exported from the United States reached 1.9K tons, with an increase of 7.1% compared with the previous year. Over the period under review, exports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
In value terms, needle roller bearing exports fell to $125M in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of $130M, and then dropped slightly in the following year.
| Export of Needle Roller Bearing in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 256 | 234 | 278 | 285 | 3.6% |
| Japan | 265 | 212 | 268 | 230 | -4.6% |
| China | 169 | 163 | 220 | 211 | 7.7% |
| Slovakia | 82.7 | 67.3 | 83.3 | 126 | 15.1% |
| France | 63.8 | 58.1 | 66.2 | 56.1 | -4.2% |
| South Korea | 47.7 | 42.6 | 60.7 | 55.0 | 4.9% |
| Netherlands | 37.8 | 28.1 | 33.8 | 35.4 | -2.2% |
| Czech Republic | 27.1 | 20.0 | 19.5 | 25.8 | -1.6% |
| Mexico | 15.4 | 13.4 | 23.1 | 25.8 | 18.8% |
| Romania | 15.2 | 10.2 | 13.7 | 13.4 | -4.1% |
| Others | -860.1 | -743.6 | -935.9 | -938.9 | 3.0% |
| Total | 120 | 105 | 130 | 125 | 1.4% |
Top Export Markets for Needle Roller Bearing from the United States in 2022:
- China (14.1K tons)
- Japan (8.8K tons)
- Germany (8.1K tons)
- Slovakia (7.3K tons)
- France (3.4K tons)
- South Korea (2.4K tons)
- Mexico (1.8K tons)
- Czech Republic (1.6K tons)
- Romania (1.5K tons)
- Netherlands (1.0K tons)
This report provides an in-depth analysis of the needle 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 28151070 - Needle 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
-
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 value terms, needle roller bearing imports shrank slightly to $14M in April 2023.
958
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 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 value terms, needle roller bearing imports shrank slightly to $14M in April 2023.
