Northern America: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Northern America

The North American cylindrical roller bearing market surged to $X in 2022, with an increase of X% against the previous year. The total consumption indicated temperate 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, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Cylindrical Roller Bearing Production in Northern America

In value terms, cylindrical roller bearing production soared to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible increase. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports in Northern America

In 2022, after three years of decline, there was significant growth in shipments abroad of cylindrical roller bearings, when their volume increased by X% to X tons. In general, exports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada was the key exporter of cylindrical roller bearings in Northern America, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by the United States (X tons), achieving a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Canada (with a CAGR of X%).

In value terms, the United States ($X) remains the largest cylindrical roller bearing supplier in Northern America, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

In the United States, cylindrical roller bearing exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price showed a remarkable increase. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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 the United States ($X per ton), while Canada amounted to $X per ton.

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

Cylindrical Roller Bearing Imports

Imports in Northern America

In 2022, supplies from abroad of cylindrical roller bearings increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cylindrical roller bearing imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) represented the largest importer of cylindrical roller bearings, generating X% of total imports. It was distantly followed by Canada (X tons), creating a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cylindrical roller bearing imports into the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported cylindrical roller bearings in Northern America, comprising X% of total imports. The second position in the ranking was taken by Canada ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, with a decrease of X% against the previous year. Import price indicated modest growth from 2012 to 2022: its price 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. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

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

Source: IndexBox Platform

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