U.S.: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in the U.S.

The U.S. cylindrical roller bearing market soared to $X in 2022, with an increase of 23% against the previous year. Overall, consumption showed strong growth. The United States consumption peaked in 2022 and is likely to see gradual growth in years to come.

Cylindrical Roller Bearing Production in the U.S.

In value terms, cylindrical roller bearing production totaled $X in 2022. Overall, production saw buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 619% against the previous year. The United States production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports from the U.S.

In 2022, shipments abroad of cylindrical roller bearings decreased by -5.7% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 15% against the previous year. The the United States exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports skyrocketed to $X in 2022. In general, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.6% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Germany (X tons), China (X tons) and Japan (X tons) represented the main exporter of cylindrical roller bearings in the world, creating 53% of total export. It was distantly followed by Romania (X tons) and Slovakia (X tons), together creating a 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in the United States amounted to $X per ton, rising by 29% against the previous year. In general, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2020 an increase of 204% against the previous year. The the United States export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 the U.S.

In 2022, purchases abroad of cylindrical roller bearings increased by 52% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, recorded a mild curtailment. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, cylindrical roller bearing imports surged to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The United States imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) represented roughly 42% of total imports in 2022. The following importers - 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), the Czech Republic (X tons) and France (X tons) - together made up 25% of total imports.

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, the largest cylindrical roller bearing importing markets into the United States were China ($X), Germany ($X) and Mexico ($X), together comprising 36% of total imports. Italy, France, 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%, recorded 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 the United States stood at $X per ton in 2022, dropping by -16.5% against the previous year. In general, the import price, however, saw a modest increase. The most prominent rate of growth was recorded in 2020 an increase of 62%. The United States import price peaked at $X per ton in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top importers, 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 (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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