Global Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size

The global cylindrical roller bearing market rose notably to $X in 2022, growing by 6.2% against the previous year. Over the period under review, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +56.6% against 2016 indices. Global consumption peaked in 2022 and is expected to retain growth in the near future.

Cylindrical Roller Bearing Production

In value terms, cylindrical roller bearing production totaled $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports

In 2022, the amount of cylindrical roller bearings exported worldwide expanded slightly to X tons, growing by 1.6% on the year before. The total export volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2019 when exports increased by 20%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, cylindrical roller bearing exports stood at $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 13%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

In 2022, Germany (X tons), China (X tons) and Japan (X tons) represented the major exporter of cylindrical roller bearings in the world, committing 53% of total export. Romania (X tons) took the next position in the ranking, followed by Slovakia (X tons). All these countries together took approx. 13% share of total exports. The following exporters - 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) - together made up 19% 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 global leaders experienced more modest paces of growth.

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

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The average cylindrical roller bearing export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 8.2%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: 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 global leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports

In 2022, global cylindrical roller bearing imports reduced modestly to X tons, stabilizing at the previous year's figure. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. Over the period under review, global imports hit record highs at X tons in 2021, and then reduced modestly in the following year.

In value terms, cylindrical roller bearing imports contracted to $X in 2022. The total import value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together accounting for 42% of total import. It was distantly followed by the United States (X tons), committing a 5.7% share of total imports. 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) and the Czech Republic (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 +20.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 43% of global imports. Mexico, Italy, 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%, saw the highest rates of growth with regard to 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 cylindrical roller bearing import price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 7.7%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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