U.S.: Roller Bearing Market 2024

Roller Bearing Market Size in the U.S.

The U.S. roller bearing market expanded rapidly to $X in 2022, surging by 8.9% against the previous year. Over the period under review, consumption saw a resilient increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Roller Bearing Production in the U.S.

In value terms, roller bearing production expanded notably to $X in 2022. Over the period under review, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 58%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Roller Bearing Exports

Exports from the U.S.

In 2022, exports of roller bearings from the United States shrank slightly to X tons, dropping by -4.5% against the previous year's figure. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 8.4%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, roller bearing exports rose remarkably to $X in 2022. Over the period under review, exports recorded a abrupt contraction. The the United States exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China was the major exporter of roller bearings in the world, with the volume of exports amounting to X tons, which was near 43% of total exports in 2022. Singapore (X tons) held the second position in the ranking, followed by Germany (X tons), France (X tons) and Slovakia (X tons). All these countries together held approx. 29% share of total exports. The following exporters - Italy (X tons), South Korea (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Turkey (X tons), Austria (X tons), Romania (X tons) and Taiwan (Chinese) (X tons) - together made up 15% of total exports.

Exports from China increased at an average annual rate of +22.6% from 2012 to 2022. At the same time, Indonesia (+35.7%), Turkey (+8.5%), Singapore (+1.2%) and Slovakia (+1.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.7% from 2012-2022. By contrast, Taiwan (Chinese) (-1.4%), Italy (-1.9%), Germany (-2.0%), France (-2.2%), South Korea (-9.7%), Hong Kong SAR (-13.7%), Austria (-22.3%) and Romania (-22.4%) illustrated a downward trend over the same period. While the share of China (+37 p.p.) and Indonesia (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (-1.5 p.p.), Germany (-2.6 p.p.), France (-2.7 p.p.), Romania (-4.9 p.p.), Hong Kong SAR (-6 p.p.), South Korea (-6.3 p.p.) and Austria (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, together accounting for 45% of total exports. Italy, France, Hong Kong SAR, Slovakia, South Korea, Taiwan (Chinese), Austria, Turkey, Indonesia and Romania lagged somewhat behind, together comprising a further 26%.

Among the main exporting countries, Indonesia, with a CAGR of +16.1%, saw 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

In 2022, the export price in the United States amounted to $X per ton, growing by 17% against the previous year. Overall, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2020 an increase of 127%. The the United States export price peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Austria ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+15.5%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into the U.S.

In 2022, overseas purchases of roller bearings increased by 0.6% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, total imports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% 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 +60.5% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 60%. The United States imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, roller bearing imports surged to $X in 2022. In general, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +73.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented the largest importers of roller bearings in 2022, amounting to near 17% and 15% of total imports, respectively. It was distantly followed by Germany (X tons), creating a 6.2% share of total imports. India (X tons), Italy (X tons), Canada (X tons), Malaysia (X tons), Spain (X tons), South Korea (X tons), France (X tons), Singapore (X tons), Poland (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets into the United States were Indonesia ($X), Germany ($X) and India ($X), with a combined 24% share of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +4.2%, recorded the highest rates of growth with regard to 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, jumping by 18% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the import price increased by 37%. The United States import price peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Thailand ($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 (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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