Australia and Oceania: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Australia and Oceania

For the third year in a row, the spherical roller bearing market in Australia and Oceania recorded growth in sales value, which increased by 15% to $X in 2021. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Spherical Roller Bearing Production in Australia and Oceania

In value terms, spherical roller bearing production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Spherical Roller Bearing Exports

Exports in Australia and Oceania

In 2021, approx. X tons of spherical roller bearings were exported in Australia and Oceania; which is down by -29.3% on 2020. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 45%. As a result, the exports attained the peak of X tons, and then fell remarkably in the following year.

In value terms, spherical roller bearing exports fell dramatically to $X in 2021. Overall, exports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 45% against the previous year. As a result, the exports reached the peak of $X, and then fell dramatically in the following year.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was approx. 96% of total exports in 2021. New Zealand (X tons) held a little share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of spherical roller bearings. At the same time, New Zealand (+11.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +11.3% from 2012-2021. New Zealand (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -2.8% from 2012 to 2021, respectively.

In value terms, Australia ($X) remains the largest spherical roller bearing supplier in Australia and Oceania, comprising 95% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 4.6% share of total exports.

In Australia, spherical roller bearing exports decreased by an average annual rate of -1.9% over the period from 2012-2021.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2021, increasing by 7.5% against the previous year. In general, the export price, however, showed a slight setback. The pace of growth appeared the most rapid in 2014 an increase of 44% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-1.1%).

Spherical Roller Bearing Imports

Imports in Australia and Oceania

For the third year in a row, Australia and Oceania recorded growth in supplies from abroad of spherical roller bearings, which increased by 7.1% to X tons in 2021. The total import volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

In value terms, spherical roller bearing imports expanded notably to $X in 2021. In general, imports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2019 with an increase of 21%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Australia dominates imports structure, amounting to X tons, which was near 92% of total imports in 2021. It was distantly followed by New Zealand (X tons), generating a 7.8% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to spherical roller bearing imports into Australia stood at +3.7%. At the same time, New Zealand (+4.6%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +4.6% from 2012-2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported spherical roller bearings in Australia and Oceania, comprising 90% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 8.7% share of total imports.

In Australia, spherical roller bearing imports shrank by an average annual rate of -1.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, surging by 5.8% against the previous year. In general, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 when the import price increased by 6.5%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was New Zealand ($X per ton), while Australia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by New Zealand (-4.8%).

Source: IndexBox Platform

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