U.S. - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in the United States - 2023
Contents:
- Price Forecast for Ball and Roller Bearings in the United States till 2025
- Bearing Price in the United States (CIF) - 2023
- Bearing Price in the United States (FOB) - 2023
- Bearing Imports in the United States
- Bearing Exports in the United States
Price Forecast for Ball and Roller Bearings in the United States till 2025
Bearing Price in the United States (CIF) - 2023
The average bearing import price stood at $18.9 per kg in March 2023, with a decrease of -3.2% against the previous month. Over the period from March 2022 to March 2023, it increased at an average monthly rate of +1.5%. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 17% m-o-m. The import price peaked at $19.6 per kg in February 2023, and then contracted in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Canada ($48.0 per kg), while the price for the Philippines ($4,350 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Mexico (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in the United States (FOB) - 2023
In March 2023, the average bearing export price amounted to $110 per kg, rising by 11% against the previous month. Over the period under review, the export price continues to indicate a slight expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($207 per kg), while the average price for exports to France ($48.5 per kg) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in the United States
In 2022, approx. 184K tons of ball and roller bearings were imported into the United States; picking up by 21% compared with 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, bearing imports rose remarkably to $2.8B in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Ball and Roller Bearings in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | 576 | 421 | 615 | 3.3% | |
| China | 499 | 401 | 539 | 3.9% | |
| Germany | 254 | 211 | 247 | -1.4% | |
| Canada | 187 | 165 | 182 | -1.3% | |
| South Korea | 154 | 121 | 139 | -5.0% | |
| Mexico | 118 | 87.0 | 102 | -7.0% | |
| India | 93.2 | 55.1 | 95.4 | 1.2% | |
| France | 107 | 71.2 | 88.4 | -9.1% | |
| Italy | 72.3 | 61.8 | 80.0 | 5.2% | |
| Romania | 84.2 | 58.8 | 77.2 | -4.2% | |
| Others | 397 | 306 | 329 | -9.0% | |
| Total | 2,543 | 1,959 | 2,493 | -1.0% | |
Top Suppliers of Ball and Roller Bearings to the United States in 2022:
- China (80.3K tons)
- Japan (34.8K tons)
- South Korea (16.8K tons)
- Canada (13.8K tons)
- India (13.5K tons)
- Germany (8.9K tons)
- Mexico (7.6K tons)
- Italy (4.7K tons)
- Romania (3.9K tons)
- France (3.2K tons)
Bearing Exports in the United States
In 2022, the amount of ball and roller bearings exported from the United States rose markedly to 21K tons, increasing by 9.7% compared with the previous year's figure. In general, exports, however, recorded a precipitous shrinkage. The exports peaked at 90K tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, bearing exports skyrocketed to $2.1B in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ball and Roller Bearings in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Mexico | 468 | 361 | 391 | -8.6% | |
| Canada | 407 | 332 | 362 | -5.7% | |
| China | 99.8 | 101 | 125 | 11.9% | |
| Germany | 120 | 69.7 | 86.8 | -15.0% | |
| Brazil | 67.2 | 57.9 | 78.8 | 8.3% | |
| France | 78.2 | 72.6 | 70.3 | -5.2% | |
| Australia | 72.4 | 71.9 | 69.1 | -2.3% | |
| Singapore | 54.1 | 42.3 | 62.4 | 7.4% | |
| United Kingdom | 47.3 | 46.0 | 57.2 | 10.0% | |
| Japan | 58.9 | 52.2 | 50.8 | -7.1% | |
| South Korea | 50.3 | 40.4 | 43.9 | -6.6% | |
| Chile | 34.8 | 34.3 | 32.2 | -3.8% | |
| India | 24.0 | 19.8 | 30.0 | 11.8% | |
| Others | 337 | 280 | 311 | -3.9% | |
| Total | 1,919 | 1,582 | 1,769 | -4.0% | |
Top Export Markets for Ball and Roller Bearings from the United States in 2022:
- Canada (16.0K tons)
- Mexico (14.6K tons)
- Brazil (5.7K tons)
- Germany (5.2K tons)
- China (5.0K tons)
- France (3.4K tons)
- Japan (2.3K tons)
- United Kingdom (2.1K tons)
- Australia (2.0K tons)
- Singapore (2.0K tons)
- India (1.6K tons)
- South Korea (1.6K tons)
- Chile (1.1K tons)
This report provides an in-depth analysis of the bearing market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- 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 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the bearing market in the U.S..
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This report provides an in-depth analysis of the tapered roller bearing market in the U.S..
331
This report provides an in-depth analysis of the needle roller bearing market in the U.S..
504
This report provides an in-depth analysis of the ball bearing market in the U.S..
380
This report provides an in-depth analysis of the tools for bearing market in the U.S..
271
This report provides an in-depth analysis of the spherical roller bearing market in the U.S..
304
This report provides an in-depth analysis of the cylindrical roller bearing market in the U.S..
745
This report provides an in-depth analysis of the ball bearing parts market in the U.S..
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This report provides an in-depth analysis of the bearing market in the U.S..
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This report provides an in-depth analysis of the roller bearing market in the U.S..
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Imports of Tapered Roller Bearing reached a value of $51M in May 2023.
263
In value terms, needle roller bearing imports shrank slightly to $14M in April 2023.
882
In the first half of 2021, American ball bearing imports showed a sign of rebound, rising by +25% compared to the figures of the same period of 2020. The U.S. imports dramatically dropped from $1.3B in 2019 to $1B in 2020. China, Thailand and Japan, the leading suppliers of ball bearings to the U.S., saw a significant decrease in exports last year. The average ball bearing import price grew slightly by +2% y-o-y to $2 per unit in 2020.
119
In February 2023, the price of spherical roller bearings was $25.5 per kg (CIF, US), marking an increase of 19% compared to the previous month.
212
In July 2023, the imports of Ball Bearing Parts decreased to $39M in value terms.
332
In August 2022, the bearing price per ton amounted to $16.2K (FOB, US), falling by -9.3% against the previous month.
219
Imports of Tapered Roller Bearing reached a value of $51M in May 2023.
263
In value terms, needle roller bearing imports shrank slightly to $14M in April 2023.
882
In the first half of 2021, American ball bearing imports showed a sign of rebound, rising by +25% compared to the figures of the same period of 2020. The U.S. imports dramatically dropped from $1.3B in 2019 to $1B in 2020. China, Thailand and Japan, the leading suppliers of ball bearings to the U.S., saw a significant decrease in exports last year. The average ball bearing import price grew slightly by +2% y-o-y to $2 per unit in 2020.
119
In February 2023, the price of spherical roller bearings was $25.5 per kg (CIF, US), marking an increase of 19% compared to the previous month.
