Canada: 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 Canada

In 2021, the Canadian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 8% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted buoyant growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Canada

In value terms, bearing housing without ball bearing production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production recorded a prominent increase. The pace of growth appeared the most rapid in 2016 with an increase of 45%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports from Canada

In 2021, shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach X tons after two years of decline. Overall, exports, however, saw a pronounced decline. The pace of growth appeared the most rapid in 2014 with an increase of 23% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. In general, exports, however, saw a slight decline. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for bearing housing without ball bearing exports from Canada, with a 60% share of total exports. Moreover, bearing housing without ball bearing exports to the United States exceeded the volume sent to the second major destination, China (X tons), sixfold. The third position in this ranking was held by Germany (X tons), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -4.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-4.7% per year) and Germany (+4.2% per year).

In value terms, the United States ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Canada, comprising 59% of total exports. The second position in the ranking was held by China ($X), with a 9.5% share of total exports. It was followed by Germany, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.2% per year) and Germany (+6.9% per year).

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, jumping by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United Arab Emirates ($X per ton) and India ($X per ton), while the average price for exports to Singapore ($X per ton) and the UK ($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 India (+2.7%), 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 Canada

In 2021, after two years of decline, there was growth in purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume increased by 1.8% to X tons. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 22%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, bearing housing without ball bearing imports soared to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of bearing housing without ball bearing to Canada, with a 53% share of total imports. Moreover, bearing housing without ball bearing imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.7% per year) and Germany (-1.4% per year).

In value terms, the United States ($X) constituted the largest supplier of bearing housings not incorporating ball or roller bearings, plain shaft bearings to Canada, comprising 53% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Germany, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.4% per year) and Germany (+0.1% per year).

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, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2020 when the average import price increased by 14% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Mexico ($X per ton), while the price for the UK ($X per ton) and India ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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