Australia: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Australia

The Australian cylindrical roller bearing market skyrocketed to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a buoyant expansion. Australia consumption peaked in 2022 and is likely to see gradual growth in the near future.

Cylindrical Roller Bearing Exports

Exports from Australia

In 2022, approx. X tons of cylindrical roller bearings were exported from Australia; rising by X% compared with 2021 figures. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

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

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. Romania (X tons) took the next position in the ranking, followed by Slovakia (X tons). All these countries together held approx. X% share of total exports. Kazakhstan (X tons), Canada (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons), India (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Australia, comprising X% of global exports. The second position in the ranking was taken by Japan ($X), with an X% share of global exports. It was followed by China, with an X% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

The export price in Australia stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The Australia export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Australia

Cylindrical roller bearing imports into Australia skyrocketed to X tons in 2022, increasing by X% against the previous year. In general, total imports indicated a remarkable increase 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 growth pace was the most rapid in 2017 with an increase of X%. Australia imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, cylindrical roller bearing imports soared to $X in 2022. Overall, total imports indicated a strong increase 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 growth pace was the most rapid in 2017 with an increase of X% against the previous year. Australia imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of cylindrical roller bearings, namely China, Russia and Germany, represented more than third of total import. It was distantly followed by the United States (X tons), constituting a X% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Belgium (X tons), Turkey (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into Australia were China ($X), Germany ($X) and the United States ($X), with a combined X% share of total imports. Russia, Mexico, Italy, Brazil, South Korea, Spain, Belgium, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Australia stood at $X per ton in 2022, approximately mirroring the previous year. In general, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2019 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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