Northern America: Roller Bearing Market 2022

Roller Bearing Market Size in Northern America

The North American roller bearing market amounted to $X in 2021, with an increase of 10% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.2% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Roller Bearing Production in Northern America

In value terms, roller bearing production expanded notably to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.3% against 2019 indices. The pace of growth appeared the most rapid in 2015 when the production volume increased by 37%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Roller Bearing Exports

Exports in Northern America

In 2021, overseas shipments of roller bearings were finally on the rise to reach X tons for the first time since 2014, thus ending a six-year declining trend. Overall, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by 8.9%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, roller bearing exports totaled $X in 2021. Over the period under review, exports, however, saw a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, amounting to X tons, which was approx. 94% of total exports in 2021. It was distantly followed by Canada (X tons), generating a 5.7% share of total exports.

Exports from the United States decreased at an average annual rate of -6.0% from 2012 to 2021. Canada (-3.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest roller bearing supplier in Northern America, comprising 92% of total exports. The second position in the ranking was taken by Canada ($X), with an 8% share of total exports.

In the United States, roller bearing exports declined by an average annual rate of -6.9% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, with an increase of 1.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 22% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.0%).

Roller Bearing Imports

Imports in Northern America

After two years of decline, overseas purchases of roller bearings increased by 77% to X tons in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, roller bearing imports soared to $X in 2021. In general, imports, however, recorded a pronounced setback. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Canada (X tons) represented the key importer of roller bearings, generating 61% of total imports. It was distantly followed by the United States (X tons), constituting a 39% share of total imports.

From 2012 to 2021, the biggest increases were in the United States (with a CAGR of +9.5%).

In value terms, Canada ($X) constitutes the largest market for imported roller bearings in Northern America, comprising 77% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Canada totaled -4.2%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, picking up by 6.7% against the previous year. In general, the import price, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2016 an increase of 10% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.2%).

Source: IndexBox Platform

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