Tapered Roller Bearing Forecasted To Grow After The Pandemic

09 August 2021
Global Trade Data

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.

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