Australia and Oceania: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Australia and Oceania

The cylindrical roller bearing market in Australia and Oceania skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed resilient growth. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Cylindrical Roller Bearing Production in Australia and Oceania

In value terms, cylindrical roller bearing production stood at $X in 2022 estimated in export price. Overall, production saw a abrupt decrease. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports in Australia and Oceania

In 2022, the amount of cylindrical roller bearings exported in Australia and Oceania surged to X tons, picking up by X% on 2021. Overall, exports saw a slight increase. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports soared to $X in 2022. Over the period under review, exports enjoyed a modest increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia dominates exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by New Zealand (X tons), making up a X% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of cylindrical roller bearings. At the same time, New Zealand (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest cylindrical roller bearing supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was held by New Zealand ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia totaled X%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Cylindrical Roller Bearing Imports

Imports in Australia and Oceania

In 2022, approx. X tons of cylindrical roller bearings were imported in Australia and Oceania; growing by X% against 2021. Total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, cylindrical roller bearing imports skyrocketed to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Australia represented the main importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by New Zealand (X tons), creating a X% share of total imports. Papua New Guinea (X tons) took a relatively small share of total imports.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) and Papua New Guinea (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported cylindrical roller bearings in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Papua New Guinea (X% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, leveling off at the previous year. Overall, the import price showed a slight contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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