Australia: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Australia

The Australian tapered roller bearing market surged to $X in 2022, with an increase of 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). Over the period under review, consumption recorded a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Tapered Roller Bearing Exports

Exports from Australia

In 2022, overseas shipments of tapered roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total exports indicated a moderate expansion 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, tapered roller bearing exports surged to $X in 2022. Overall, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of around X tons, which amounted to X% of total exports. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%), Romania (X%), France (X%) and Austria (X%). The following exporters - South Korea (X tons), India (X tons), Poland (X tons), the United States (X tons), the Netherlands (X tons), Singapore (X tons) and Italy (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Romania (X%), South Korea (X%), Singapore (X%), the Netherlands (X%), Poland (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Japan and France experienced a relatively flat trend pattern. By contrast, Austria (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), India (X p.p.), Romania (X p.p.) and South Korea (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of France (X p.p.), Austria (X p.p.), Japan (X p.p.) and the United States (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Japan, France, Romania, India, Austria, South Korea, Poland, Singapore, the Netherlands and Italy lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia amounted to $X per ton, increasing by X% against the previous year. Overall, the export price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

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

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Tapered Roller Bearing Imports

Imports into Australia

For the fourth year in a row, Australia recorded growth in supplies from abroad of tapered roller bearings, which increased by X% to X tons in 2022. In general, imports continue to indicate a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing imports skyrocketed to $X in 2022. Over the period under review, imports recorded a measured expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons) and the United States (X tons) represented roughly X% of total imports in 2022. China (X tons) ranks next in terms of the total imports with a X% share, followed by Brazil (X%), France (X%) and Mexico (X%). Italy (X tons), Sweden (X tons), Turkey (X tons), India (X tons), Russia (X tons), the Netherlands (X tons) and the United Arab Emirates (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing importing markets into Australia were Germany ($X), the United States ($X) and China ($X), together comprising X% of total imports. France, Mexico, Brazil, Italy, India, Sweden, Russia, Turkey, the Netherlands and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Australia amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Australia import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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