Australia: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Australia

The Australian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings skyrocketed to $X in 2021, picking up by 41% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Australia

For the fifth consecutive year, Australia recorded decline in shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, which decreased by -12.8% to X tons in 2021. In general, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2016 when exports increased by 16% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, bearing housing without ball bearing exports amounted to $X in 2021. Overall, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2018 when exports increased by 16%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Papua New Guinea (X tons), the United States (X tons) and New Zealand (X tons) were the main destinations of bearing housing without ball bearing exports from Australia, together accounting for 57% of total exports. These countries were followed by Singapore, Peru, Indonesia, Belgium, China, Chile, Germany and Saudi Arabia, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +34.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing housing without ball bearing exported from Australia were Papua New Guinea ($X), the United States ($X) and New Zealand ($X), with a combined 57% share of total exports. These countries were followed by Singapore, Peru, Indonesia, Belgium, China, Chile, Germany and Saudi Arabia, which together accounted for a further 28%.

Peru, with a CAGR of +37.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, with an increase of 15% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 58%. The export price peaked in 2021 and is likely to continue growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the United States ($X per ton) and Peru ($X per ton), while the average price for exports to Singapore ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Australia

In 2021, after five years of decline, there was significant growth in purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume increased by 24% to X tons. Overall, imports, however, saw a abrupt contraction. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Over the period under review, total imports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) constituted the largest bearing housing without ball bearing supplier to Australia, accounting for a 66% share of total imports. Moreover, bearing housing without ball bearing imports from Sweden exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was taken by the United States (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden stood at +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.7% per year) and the United States (-13.4% per year).

In value terms, the United States ($X), China ($X) and Japan ($X) were the largest bearing housing without ball bearing suppliers to Australia, together accounting for 53% of total imports.

In terms of the main suppliers, China, with a CAGR of +17.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, growing by 15% against the previous year. In general, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 47% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+47.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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