Canada - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Canada - 2023
Contents:
- Price Forecast for Ball and Roller Bearings in Canada till 2025
- Bearing Price in Canada (CIF) - 2023
- Bearing Price in Canada (FOB) - 2023
- Bearing Imports in Canada
- Bearing Exports in Canada
Price Forecast for Ball and Roller Bearings in Canada till 2025
Bearing Price in Canada (CIF) - 2023
In February 2023, the average bearing import price amounted to $44.0 per kg, dropping by -5.3% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in July 2022 an increase of 8.6% month-to-month. The import price peaked at $46.5 per kg in January 2023, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($76.9 per kg), while the price for India ($15.2 per kg) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Canada (FOB) - 2023
In February 2023, the average bearing export price amounted to $18.2 per kg, standing approximately at the previous month. In general, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 42% month-to-month. Over the period under review, the average export prices reached the maximum at $29.9 per kg in February 2022; however, from March 2022 to February 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In February 2023, the country with the highest price was Brazil ($31.6 per kg), while the average price for exports to the United States ($16.1 per kg) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+0.2%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Canada
In 2022, bearing imports into Canada reduced to 24K tons, shrinking by -12.8% against the previous year. Overall, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 21%. Over the period under review, imports hit record highs at 30K tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, bearing imports reduced to $537M in 2022. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 13%. Imports peaked at $636M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Ball and Roller Bearings in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 269 | 212 | 223 | 224 | -5.9% |
| China | 94.1 | 78.8 | 101 | 97.5 | 1.2% |
| Japan | 57.8 | 43.4 | 48.1 | 47.5 | -6.3% |
| Germany | 51.2 | 40.1 | 38.0 | 41.1 | -7.1% |
| France | 23.8 | 17.4 | 22.1 | 21.4 | -3.5% |
| Austria | 21.1 | 17.3 | 21.3 | 20.6 | -0.8% |
| South Korea | 20.6 | 15.4 | 18.7 | 18.2 | -4.0% |
| Taiwan (Chinese) | 10.9 | 11.2 | 15.8 | 15.3 | 12.0% |
| Italy | 12.5 | 10.8 | 13.0 | 12.6 | 0.3% |
| Mexico | 13.5 | 10.1 | 13.0 | 12.6 | -2.3% |
| Sweden | 7.4 | 5.8 | 8.1 | 7.9 | 2.2% |
| India | 6.5 | 5.7 | 7.4 | 7.1 | 3.0% |
| Others | 46.8 | 38.8 | 46.6 | 11.3 | -37.7% |
| Total | 636 | 507 | 575 | 537 | -5.5% |
Top Suppliers of Ball and Roller Bearings to Canada in 2022:
- United States (10.8K tons)
- China (4.4K tons)
- Japan (2.2K tons)
- Germany (1.7K tons)
- France (0.9K tons)
- Austria (0.8K tons)
- South Korea (0.8K tons)
- Taiwan (Chinese) (0.6K tons)
- Italy (0.5K tons)
- Mexico (0.5K tons)
- India (0.4K tons)
- Sweden (0.4K tons)
Bearing Exports in Canada
In 2022, shipments abroad of ball and roller bearings was finally on the rise to reach 14K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a abrupt downturn. The exports peaked at 18K tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, bearing exports contracted slightly to $282M in 2022. In general, exports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 15%. The exports peaked at $326M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Ball and Roller Bearings in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 215 | 189 | 215 | 204 | -1.7% |
| Singapore | 22.0 | 8.4 | 8.5 | 12.2 | -17.8% |
| Germany | 16.7 | 7.1 | 9.1 | 10.3 | -14.9% |
| France | 9.5 | 4.2 | 6.8 | 6.4 | -12.3% |
| Poland | 9.7 | 4.9 | 5.5 | 6.3 | -13.4% |
| Mexico | 8.7 | 5.6 | 4.0 | 5.8 | -12.6% |
| Others | 44.0 | 29.8 | 37.7 | 36.9 | -5.7% |
| Total | 326 | 250 | 286 | 282 | -4.7% |
Top Export Markets for Ball and Roller Bearings from Canada in 2022:
- United States (10.2K tons)
- Singapore (0.4K tons)
- Germany (0.3K tons)
- Mexico (0.2K tons)
- Poland (0.2K tons)
- France (0.2K tons)
This report provides an in-depth analysis of the bearing market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151030 - Ball bearings
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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In February 2023, the bearing price stood at $44,203 per ton (CIF, Canada), falling by -5.8% against the previous month.
282
In February 2023, the bearing price amounted to $44,140 per ton (CIF, Canada), waning by -5.9% against the previous month.
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In February 2023, the bearing price stood at $44,203 per ton (CIF, Canada), falling by -5.8% against the previous month.
282
In February 2023, the bearing price amounted to $44,140 per ton (CIF, Canada), waning by -5.9% against the previous month.
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In value terms, candles and tapers imports totaled $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consistent,...
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In value terms, candles and tapers exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern remained consistent, with so...
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In 2016, approx. X tons of bearing were imported worldwide- standing approx. at the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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In 2016, approx. X tons of bearing were imported worldwide- standing approx. at the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to 2016- th...
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Germany continued to dominate in the global ball or roller bearing trade. In 2014, Germany exported X thousand tons of ball or roller bearings totaling X million USD, X% over the previous year. Its primary trading partner was China, where it su
