Northern America: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Northern America

For the fifth consecutive year, the North American market for bearing housings incorporating ball or roller bearings recorded growth in sales value, which increased by 6.4% to $X in 2022. In general, consumption posted a resilient increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Northern America

In value terms, bearing housing with ball bearing production rose modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 29% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in Northern America

In 2022, after two years of decline, there was significant growth in shipments abroad of bearing housings incorporating ball or roller bearings, when their volume increased by 37% to X tons. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing housing with ball bearing exports soared to $X in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) and Canada (X tons) represented roughly 99.9% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +8.2%).

In value terms, the United States ($X) remains the largest bearing housing with ball bearing supplier in Northern America, comprising 90% of total exports. The second position in the ranking was held by Canada ($X), with a 9.6% share of total exports.

In the United States, bearing housing with ball bearing exports expanded at an average annual rate of +3.3% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, with a decrease of -3.7% against the previous year. In general, the export price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 233% against the previous year. The level of export peaked at $X per ton in 2021, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+20.2%).

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in Northern America

In 2022, purchases abroad of bearing housings incorporating ball or roller bearings increased by 23% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, bearing housing with ball bearing imports surged to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +55.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

In 2022, the United States (X tons) represented the main importer of bearing housings incorporating ball or roller bearings, achieving 74% of total imports. It was distantly followed by Canada (X tons), mixing up a 25% share of total imports.

The United States was also the fastest-growing in terms of the bearing housings incorporating ball or roller bearings imports, with a CAGR of +13.5% from 2012 to 2022. At the same time, Canada (+8.1%) displayed positive paces of growth. The United States (+10 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -10.2% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported bearing housings incorporating ball or roller bearings in Northern America, comprising 70% of total imports. The second position in the ranking was taken by Canada ($X), with a 30% share of total imports.

In the United States, bearing housing with ball bearing imports increased at an average annual rate of +7.7% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, waning by -2.6% against the previous year. In general, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 6.5%. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-2.9%).

Source: IndexBox Platform

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