Overview of the Global Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

In 2021, after two years of decline, there was growth in the global market for bearing housings not incorporating ball or roller bearings, plain shaft bearings, when its value increased by 3.3% to $X. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.4% 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 -7.9% against 2018 indices. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

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

In value terms, bearing housing without ball bearing production stood at $X in 2021 estimated in export price. Overall, the total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 -5.7% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 18%. Over the period under review, global production hit record highs 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

In 2021, after two years of decline, there was significant growth in shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume increased by 38% to X tons. The total export volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing exports surged to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons), distantly followed by Germany (X tons), Japan (X tons) and Turkey (X tons) represented the key exporters of bearing housings not incorporating ball or roller bearings, plain shaft bearings, together generating 54% of total exports. Mexico (X tons), France (X tons), the United States (X tons), Italy (X tons), Sweden (X tons), Taiwan (Chinese) (X tons), South Korea (X tons), the Netherlands (X tons) and Spain (X tons) took a minor share of total exports.

China was also the fastest-growing in terms of the bearing housings not incorporating ball or roller bearings, plain shaft bearings exports, with a CAGR of +21.9% from 2012 to 2021. At the same time, the Netherlands (+21.6%), Turkey (+16.8%), Italy (+8.6%), South Korea (+7.1%), Mexico (+5.3%), Spain (+4.7%) and France (+3.7%) displayed positive paces of growth. Germany experienced a relatively flat trend pattern. By contrast, Japan (-1.3%), Sweden (-2.2%), Taiwan (Chinese) (-2.6%) and the United States (-9.2%) illustrated a downward trend over the same period. While the share of China (+21 p.p.) and Turkey (+3.2 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Taiwan (Chinese) (-1.6 p.p.), Sweden (-1.7 p.p.), Japan (-4.1 p.p.), Germany (-4.7 p.p.) and the United States (-7.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the United States ($X) and Japan ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 47% share of global exports. China, the Netherlands, France, Mexico, Italy, Sweden, South Korea, Spain, Taiwan (Chinese) and Turkey lagged somewhat behind, together accounting for a further 27%.

Among the main exporting countries, the Netherlands, with a CAGR of +16.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, which is down by -12.3% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 7.2%. The global export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.1%), while the other global leaders experienced more modest paces of growth.

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

Imports

In 2021, supplies from abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, bearing housing without ball bearing imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons), the United States (X tons) and Germany (X tons) represented roughly 35% of total imports in 2021. Italy (X tons), the UK (X tons), China (X tons), Japan (X tons), France (X tons), South Korea (X tons), Sweden (X tons), Poland (X tons), Brazil (X tons) and Hungary (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Poland (with a CAGR of +13.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest bearing housing without ball bearing importing markets worldwide were the United States ($X), Germany ($X) and Mexico ($X), together comprising 28% of global imports. These countries were followed by China, Italy, France, the UK, Hungary, Poland, Japan, Brazil, South Korea and Sweden, which together accounted for a further 28%.

In terms of the main importing countries, Poland, with a CAGR of +13.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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, with an increase of 5.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 9.3% against the previous year. Global import price peaked in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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