U.S.: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in the U.S.

For the fifth consecutive year, the U.S. market for bearing housings incorporating ball or roller bearings recorded growth in sales value, which increased by 6.4% to $X in 2022. Overall, consumption, however, posted a prominent increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in the U.S.

In value terms, bearing housing with ball bearing production rose to $X in 2022. Over the period under review, production, however, posted prominent growth. The pace of growth appeared the most rapid in 2015 with an increase of 30% against the previous year. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from the U.S.

In 2022, shipments abroad of bearing housings incorporating ball or roller bearings was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 28% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

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 +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico (X tons) was the main destination for bearing housing with ball bearing exports from the United States, with a 49% share of total exports. Moreover, bearing housing with ball bearing exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), twofold. The third position in this ranking was taken by China (X tons), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume to Mexico amounted to -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-15.6% per year) and China (-19.7% per year).

In value terms, the largest markets for bearing housing with ball bearing exported from the United States were Mexico ($X), Canada ($X) and China ($X), together comprising 71% of total exports. Australia, Brazil, Belgium, Germany and Singapore lagged somewhat behind, together accounting for a further 8%.

Among the main countries of destination, Australia, with a CAGR of +10.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, increasing by 9.2% against the previous year. Overall, the export price saw significant growth. The most prominent rate of growth was recorded in 2020 an increase of 283%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+25.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into the U.S.

In 2022, purchases abroad of bearing housings incorporating ball or roller bearings increased by 21% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 67%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, bearing housing with ball bearing imports soared to $X in 2022. In general, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest bearing housing with ball bearing supplier to the United States, accounting for a 69% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was taken by Mexico (X tons), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +18.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.6% per year) and Mexico (-1.1% per year).

In value terms, China ($X) constituted the largest supplier of bearing housings incorporating ball or roller bearings to the United States, comprising 46% of total imports. The second position in the ranking was held by Mexico ($X), with an 18% share of total imports. It was followed by Japan, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+7.0% per year) and Japan (+6.1% per year).

Import Prices by Country

In 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, which is down by -1.8% against the previous year. In general, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 6.5% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for Taiwan (Chinese) ($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 (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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