Overview of the Global Market for Bearing Housings Incorporating Ball Or Roller Bearings

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings

The global market for bearing housings incorporating ball or roller bearings dropped modestly to $X in 2022, standing approx. at the previous year. In general, the total consumption indicated perceptible 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 increased by X% against 2013 indices. Over the period under review, the global market hit record highs at $X in 2021, and then fell slightly in the following year.

Production of Bearing Housings Incorporating Ball Or Roller Bearings

In value terms, bearing housing with ball bearing production totaled $X in 2022 estimated in export price. In general, the total production indicated a prominent 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, production increased by X% against 2013 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. Global production peaked in 2022 and is likely to continue growth in the near future.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports

In 2022, approx. X tons of bearing housings incorporating ball or roller bearings were exported worldwide; increasing by X% on 2021 figures. Over the period under review, exports recorded resilient growth. 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 global exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, bearing housing with ball bearing exports rose sharply 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. The growth pace was the most rapid in 2021 when exports increased by X%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Germany (X tons), mixing up a X% share of total exports. The following exporters - Italy (X tons), Japan (X tons), Vietnam (X tons), France (X tons), the UK (X tons), Mexico (X tons) and Slovakia (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to bearing housing with ball bearing exports from China stood at X%. At the same time, Vietnam (X%), Slovakia (X%), Mexico (X%), Italy (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and the UK (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Italy ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Vietnam, Japan, the UK, France, Mexico and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Vietnam, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, waning by X% against the previous year. Over the period under review, the export price continues to indicate a perceptible decrease. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 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 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 the UK (X%), while the other global leaders experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports

In 2022, purchases abroad of bearing housings incorporating ball or roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated a prominent 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, global imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, bearing housing with ball bearing imports skyrocketed to $X in 2022. The total import value 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 appeared the most rapid in 2018 with an increase of X%. Over the period under review, global imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons) and the United States (X tons) were the main importers of bearing housings incorporating ball or roller bearings in 2022, recording approx. X% and X% of total imports, respectively. Mexico (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%). Turkey (X tons), the UK (X tons), Belgium (X tons), Indonesia (X tons), Russia (X tons), India (X tons), Canada (X tons), Japan (X tons) and Nigeria (X tons) took a minor share of total imports.

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

In value terms, the largest bearing housing with ball bearing importing markets worldwide were the United States ($X), Germany ($X) and Mexico ($X), with a combined X% share of global imports. Canada, India, the UK, Italy, Belgium, Turkey, Russia, Japan, Indonesia and Nigeria lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price saw a pronounced decline. The growth pace was the most rapid in 2019 an increase of X%. Global import price peaked at $X per ton in 2014; however, from 2015 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 Canada ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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