U.S.: Ball Bearing Market 2024

Ball Bearing Market Size in the U.S.

For the third year in a row, the U.S. ball bearing market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The United States consumption peaked in 2022 and is likely to continue growth in the near future.

Ball Bearing Production in the U.S.

In value terms, ball bearing production reduced modestly to $X in 2022. Overall, production continues to indicate a slight curtailment. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The United States production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Ball Bearing Exports

Exports from the U.S.

After four years of decline, shipments abroad of ball bearings increased by X% to X tons in 2022. In general, exports, however, recorded a abrupt curtailment. The the United States exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ball bearing exports expanded rapidly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) was the key exporter of ball bearings, making up X% of total exports. Japan (X tons) held the second position in the ranking, followed by Germany (X tons) and Italy (X tons). All these countries together held near X% share of total exports. The following exporters - South Korea (X tons), France (X tons), the Netherlands (X tons), Poland (X tons), Thailand (X tons), Singapore (X tons) and Slovakia (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the ball bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, Thailand (X%), the Netherlands (X%), Poland (X%), South Korea (X%) and Italy (X%) displayed positive paces of growth. Japan and Germany experienced a relatively flat trend pattern. By contrast, France (X%), Slovakia (X%) and Singapore (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the global exports, while Slovakia, Italy, France, Germany, Singapore and Japan saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Italy, France, the Netherlands, Thailand, South Korea, Singapore, Poland and Slovakia lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

The export price in the United States stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, recorded a significant expansion. The growth pace was the most rapid in 2020 when the export price increased by X%. The the United States export price peaked at $X per ton in 2021, and then shrank in the following year.

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

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

Ball Bearing Imports

Imports into the U.S.

In 2022, overseas purchases of ball bearings increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, ball bearing imports rose notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. The United States imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Germany (X tons), followed by China (X tons), Italy (X tons), Mexico (X tons) and the Netherlands (X tons) represented the largest importers of ball bearings, together making up X% of total imports. The following importers - Brazil (X tons), France (X tons), Indonesia (X tons), Russia (X tons), Belgium (X tons), South Korea (X tons), India (X tons) and Japan (X tons) - together made up X% of total imports.

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

In value terms, the largest ball bearing importing markets into the United States were Germany ($X), China ($X) and Italy ($X), together accounting for X% of total imports. Mexico, the Netherlands, India, France, Japan, South Korea, Brazil, Russia, Belgium and Indonesia lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, saw 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

The import price in the United States stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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