Tapered Roller Bearing Forecasted To Grow After The Pandemic
09 August 2021
Tapered
roller bearings are widely used in aviation cargo systems, engines,
agriculture, heavy equipment & machinery, automobile industries, etc.
Depending on the different roller bearings, it helps in further reducing
friction and support both radial & axial loads. Being a significant
commodity in major machinery, tapered roller bearings are demanded on a global
scale.
The
global market size of tapered roller bearings was valued at $10,890 million in
2019. The market for the product expects to grow at a CAGR of 1.8% with a value
of $12,360 million. Export Genius provides legitimate business opportunities
through import-export data of roller bearings and other commodities involved in
the international trade market.
Top Importing Countries in 2021
Tapered
roller bearing import data 2021 shown below provides a wide range of countries
using the commodity in manufacturing. The top country importing frequently is
the United States of America, with the highest value of $67.7 million in
February 2021. Other countries having high values are France with $27.4 million
for March 2021, followed by Brazil with $13.2 million, Canada with $10.3
million, and Turkey with $7.9 million; all the three countries having the
highest values for the common month of March. Look for a reliable list of importers for tapered roller
bearing and other similar commodities by conducting a live search on Export
Genius.
|
Tapered Roll
Bearing Importing Countries (January-May 2021) (Value USD Million) |
|||||
|
Country |
January |
February |
March |
April |
May |
|
United States of
America |
37.3 |
67.7 |
58.2 |
54.4 |
48.1 |
|
France |
24.5 |
23.7 |
27.4 |
24.9 |
25.4 |
|
Brazil |
11.3 |
12.2 |
13.2 |
13.0 |
12.6 |
|
Canada |
8.5 |
8.3 |
10.3 |
9.2 |
9.2 |
|
Turkey |
4.1 |
6.1 |
7.9 |
6.2 |
6.0 |
Top Exporting Countries in 2021
Export
data of tapered roller bearing for 2021 shows that the top exporting country
for the commodity is Japan with the highest value of $64.4 million for March
2021, followed by the United States of America for the month of May with $41.4
million, France for the month of March with $36.6 million value, South Korea
and Canada for the values of $16.9 million and $2.7 million respectively for
the common month of March. Find the authentic list of exporters for tapered roller
bearing and similar commodities of different industries from a live search.
|
Tapered Roll
Bearing Exporting Countries (January-May 2021) (Value USD Million) |
|||||
|
Country |
January |
February |
March |
April |
May |
|
Japan |
43.0 |
50.8 |
64.4 |
59.6 |
49.1 |
|
United States of
America |
38.3 |
39.1 |
40.5 |
40.5 |
41.4 |
|
France |
32.8 |
29.6 |
36.6 |
31.5 |
33.0 |
|
South Korea |
14.6 |
14.6 |
16.9 |
16.2 |
16.7 |
|
Canada |
2.1 |
2.2 |
2.7 |
2.0 |
2.0 |
Duly
observed from the tapered roller bearings import-export data, the countries had
aggregates for the most imports and exports in March for the year 2021.
Evidently, countries around the world started to went through the second wave
of the COVID-19 pandemic around the beginning of 2021. Many countries including
India encountered the severe outbreak of the second wave right after March of
this year. Exceptionally, the United States of America had the highest imports
in February and the highest exports in May.
Obtain
the in-depth information and trade coverage for tapered roller bearing,
consisting of trade metrics covering analytical values about the commodity’s
import-export trends and global status. Search for the market trends or download free samples covering an array of countries globally.
