U.S.: Ball Bearing Market 2022

Ball Bearing Exports

Exports from the U.S.

In 2020, overseas shipments of ball bearings decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. As a result, the exports attained the peak of X tonnes. From 2012 to 2020, the growth of the exports remained at a lower figure.

In value terms, ball bearing exports contracted notably to $X in 2020. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2020, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes), Mexico (X tonnes) and Germany (X tonnes) were the main destinations of ball bearing exports from the United States, with a combined X% share of total exports. China, Japan, Brazil, the UK, South Korea, France, Singapore, Italy, Taiwan (Chinese) and Belgium lagged somewhat behind, together accounting for a further X 2007 to 2020, the biggest increases were in Belgium (+X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball bearing exported from the United States were Mexico ($X), Canada ($X) and China ($X), together comprising X% of total exports. Germany, Japan, the UK, South Korea, Singapore, Brazil, France, Taiwan (Chinese), Belgium and Italy lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ball bearing export price stood at $X per tonne in 2020, increasing by X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2012 an increase of X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($X per tonne), while the average price for exports to Brazil ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into the U.S.

In 2020, purchases abroad of ball bearings decreased by -X% to X tonnes, falling for the second consecutive year after two years of growth. Overall, total imports indicated a tangible increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at X tonnes in 2018; however, from 2019 to 2020, imports failed to regain momentum.

In value terms, ball bearing imports reduced remarkably to $X in 2020. In general, total imports indicated a modest expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Imports peaked at $X in 2018; however, from 2019 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tonnes) constituted the largest supplier of ball bearing to the United States, with a X% share of total imports. Moreover, ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tonnes), threefold. Mexico (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Mexico (+X% per year).

In value terms, China ($X), Japan ($X) and Canada ($X) constituted the largest ball bearing suppliers to the United States, with a combined X% share of total imports. Germany, Mexico, South Korea and Italy lagged somewhat behind, together comprising a further X terms of the main suppliers, Italy, with a CAGR of +X%, recorded the highest growth rate of 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 average ball bearing import price stood at $X per tonne in 2020, with a decrease of -X% against the previous year. In general, the import price continues to indicate a mild reduction. The most prominent rate of growth was recorded in 2009 an increase of X% year-to-year. As a result, import price attained the peak level of $X per tonne. From 2010 to 2020, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Germany ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform