U.S.: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in the U.S.

In 2022, the U.S. tapered roller bearing market increased by X% to $X, rising for the sixth year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate resilient growth. The United States consumption peaked in 2022 and is expected to retain growth in the immediate term.

Tapered Roller Bearing Production in the U.S.

In value terms, tapered roller bearing production declined modestly to $X in 2022. Overall, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports from the U.S.

In 2022, after two years of decline, there was significant growth in shipments abroad of tapered roller bearings, when their volume increased by X% to X tons. In general, exports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The the United States exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tapered roller bearing exports surged to $X in 2022. Over the period under review, exports recorded a modest increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X tons, which finished at X% of total exports. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%), Romania (X%), France (X%) and Austria (X%). The following exporters - South Korea (X tons), India (X tons), Poland (X tons), the Netherlands (X tons), Singapore (X tons), Italy (X tons) and Hungary (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Romania (X%), South Korea (X%), Singapore (X%), the Netherlands (X%), Poland (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Hungary, Japan and France experienced a relatively flat trend pattern. By contrast, Austria (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), India (X p.p.), Romania (X p.p.) and South Korea (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of France (X p.p.), Austria (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. France, Romania, India, Austria, South Korea, Poland, Singapore, the Netherlands, Italy and Hungary lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries 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, surging by X% against the previous year. In general, the export price continues to indicate a buoyant expansion. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while China ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Tapered Roller Bearing Imports

Imports into the U.S.

In 2022, overseas purchases of tapered roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The United States imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, tapered roller bearing imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by China (X tons), Brazil (X tons), France (X tons), Mexico (X tons) and Italy (X tons) represented the major importers of tapered roller bearings, together making up X% of total imports. Sweden (X tons), Turkey (X tons), Australia (X tons), India (X tons), Russia (X tons), the Netherlands (X tons) and the United Arab Emirates (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Australia (X%), Turkey (X%), Russia (X%), the United Arab Emirates (X%), China (X%), Brazil (X%), Mexico (X%), India (X%), the Netherlands (X%), Italy (X%), Sweden (X%) and France (X%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. While the share of China (X p.p.) and Brazil (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), China ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Mexico, Brazil, Italy, Australia, India, Sweden, Russia, Turkey, the Netherlands and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Russia, with a CAGR of X%, 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, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat 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 China ($X per ton), while Brazil ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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