U.S.: 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 the U.S.

After two years of decline, the U.S. market for bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 3.4% to $X in 2021. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in the U.S.

In value terms, bearing housing without ball bearing production expanded slightly to $X in 2021. The total output value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by 12% against the previous year. Bearing housing without ball bearing production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports from the U.S.

In 2021, overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -15% to X tons, falling for the third year in a row after two years of growth. In general, exports saw a deep slump. The growth pace was the most rapid in 2013 when exports increased by 7.9% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bearing housing without ball bearing exports rose markedly to $X in 2021. The total export value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for bearing housing without ball bearing exports from the United States, with a 40% share of total exports. Moreover, bearing housing without ball bearing exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was held by China (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico totaled -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-12.0% per year) and China (-6.8% per year).

In value terms, the largest markets for bearing housing without ball bearing exported from the United States were Mexico ($X), Canada ($X) and China ($X), together comprising 50% of total exports. These countries were followed by the UK, Germany, Singapore, Brazil, Australia, India, Chile, Belgium, South Korea and Taiwan (Chinese), which together accounted for a further 25%.

Among the main countries of destination, Chile, with a CAGR of +5.5%, recorded the highest growth rate of 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 not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, surging by 32% against the previous year. In general, the export price recorded a resilient increase. The growth pace was the most rapid in 2020 an increase of 73%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+19.1%), 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 the U.S.

In 2021, overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a mild shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 18% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest bearing housing without ball bearing supplier to the United States, accounting for a 42% share of total imports. Moreover, bearing housing without ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was taken by Mexico (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.2% per year) and Mexico (+2.9% per year).

In value terms, the largest bearing housing without ball bearing suppliers to the United States were China ($X), Mexico ($X) and Japan ($X), together comprising 50% of total imports. These countries were followed by Germany, Italy, India, Taiwan (Chinese), Canada, South Korea and Brazil, which together accounted for a further 31%.

India, with a CAGR of +10.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, surging by 10% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2019 when the average import price increased by 39% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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