Canada: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Canada

The Canadian cylindrical roller bearing market stood at $X in 2022, increasing by 2.7% against the previous year. Over the period under review, consumption recorded notable growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Cylindrical Roller Bearing Production in Canada

In value terms, cylindrical roller bearing production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a tangible increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 64%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Canada

In 2022, after three years of decline, there was significant growth in shipments abroad of cylindrical roller bearings, when their volume increased by 17% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports totaled $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The Canada exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X tons), China (X tons) and Japan (X tons) was the largest exporter of cylindrical roller bearings in the world, making up 53% of total export. Romania (X tons) took the next position in the ranking, followed by Slovakia (X tons). All these countries together took approx. 13% share of total exports. The following exporters - Taiwan (Chinese) (X tons), Kazakhstan (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons) and India (X tons) - together made up 19% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Canada, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in Canada amounted to $X per ton, which is down by -2.8% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 6.5% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Canada

Cylindrical roller bearing imports into Canada declined modestly to X tons in 2022, remaining stable against the previous year. In general, imports continue to indicate a slight contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern 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

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together reaching 42% of total import. It was distantly followed by the United States (X tons), achieving a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Spain, with a CAGR of +13.7%, saw 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

The import price in Canada stood at $X per ton in 2022, growing by 37% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :