Australia and Oceania: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Exports

Exports in Australia and Oceania

In 2022, the amount of cylindrical roller bearings exported in Australia and Oceania skyrocketed to X tons, with an increase of 24% against the year before. Overall, exports enjoyed mild growth. The pace of growth was the most pronounced in 2014 when exports increased by 140%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, cylindrical roller bearing exports surged to $X in 2022. In general, exports saw a slight increase. The growth pace was the most rapid in 2014 with an increase of 110% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, finishing at X tons, which was approx. 93% of total exports in 2022. It was distantly followed by New Zealand (X tons), mixing up a 5.9% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of cylindrical roller bearings. At the same time, New Zealand (+8.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +8.6% from 2012-2022. While the share of New Zealand (+3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Australia (-3.3 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest cylindrical roller bearing supplier in Australia and Oceania, comprising 93% of total exports. The second position in the ranking was held by New Zealand ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia amounted to +1.8%.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, increasing by 8.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+0.9%).

Cylindrical Roller Bearing Imports

Imports in Australia and Oceania

In 2022, imports of cylindrical roller bearings in Australia and Oceania fell modestly to X tons, shrinking by -2.3% compared with 2021 figures. Total imports indicated a perceptible increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -13.3% against 2018 indices. The pace of growth appeared the most rapid in 2017 with an increase of 35%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, cylindrical roller bearing imports skyrocketed to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +130.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

Australia was the major importer of cylindrical roller bearings in Australia and Oceania, with the volume of imports accounting for X tons, which was approx. 85% of total imports in 2022. It was distantly followed by New Zealand (X tons), creating a 13% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cylindrical roller bearing imports into Australia stood at +3.8%. At the same time, New Zealand (+13.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +13.6% from 2012-2022. New Zealand (+7.1 p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by -6.6% from 2012 to 2022, respectively.

In value terms, Australia ($X) constitutes the largest market for imported cylindrical roller bearings in Australia and Oceania, comprising 88% of total imports. The second position in the ranking was held by New Zealand ($X), with a 10% share of total imports.

In Australia, cylindrical roller bearing imports increased at an average annual rate of +5.0% over the period from 2012-2022.

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, increasing by 32% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.2%).

Source: IndexBox Platform

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