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Mar 29, 2025

Australia's Ball Bearings Market Expected to Continue Growing at a Slow Rate of +0.1% CAGR Over Next Decade - News and Statistics - IndexBox

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform. IndexBox has just published a new report: Australia - Ball Bearings - Market Analysis, Forecast,

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

IndexBox has just published a new report: Australia - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights.

The article discusses the rising demand for ball bearings in Australia and predicts a steady upward consumption trend in the market. Despite a forecasted deceleration in market performance, both market volume and value are expected to increase over the period from 2024 to 2035. By the end of 2035, the market is projected to reach 34K tons in volume and $752M in value.

Driven by increasing demand for ball bearings in Australia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.1% for the period from 2024 to 2035, which is projected to bring the market volume to 34K tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.3% for the period from 2024 to 2035, which is projected to bring the market value to $752M (in nominal wholesale prices) by the end of 2035.

In 2024, approx. 33K tons of ball bearings were consumed in Australia; picking up by 2.2% compared with 2023. The total consumption volume increased at an average annual rate of +2.0% from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Australia consumption peaked at 37K tons in 2019; however, from 2020 to 2024, consumption failed to regain momentum.

The value of the ball bearing market in Australia expanded to $728M in 2024, with an increase of 5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.6% from 2013 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $814M. From 2023 to 2024, the growth of the market failed to regain momentum.

In 2024, the amount of ball bearings produced in Australia was estimated at 33K tons, growing by 4.5% against 2023 figures. Overall, the total production indicated a strong increase from 2013 to 2024: its volume increased at an average annual rate of +7.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -4.2% against 2022 indices. The most prominent rate of growth was recorded in 2014 with an increase of 56%. Australia production peaked at 35K tons in 2022; however, from 2023 to 2024, production stood at a somewhat lower figure.

In value terms, ball bearing production rose rapidly to $737M in 2024 estimated in export price. In general, the total production indicated a prominent expansion from 2013 to 2024: its value increased at an average annual rate of +8.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, production decreased by -7.2% against 2022 indices. The growth pace was the most rapid in 2014 with an increase of 49% against the previous year. Australia production peaked at $794M in 2022; however, from 2023 to 2024, production remained at a lower figure.

For the third year in a row, Australia recorded decline in overseas purchases of ball bearings, which decreased by -72.9% to 273 tons in 2024. Overall, imports saw a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 60%. Over the period under review, imports attained the maximum at 12K tons in 2013; however, from 2014 to 2024, imports remained at a lower figure.

In value terms, ball bearing imports contracted remarkably to $48M in 2024. In general, imports saw a perceptible decrease. The pace of growth was the most pronounced in 2021 with an increase of 73% against the previous year. Over the period under review, imports hit record highs at $70M in 2014; however, from 2015 to 2024, imports stood at a somewhat lower figure.

In 2023, Germany (113K tons), followed by the United States (63K tons), China (57K tons) and Mexico (43K tons) were the main importers of ball bearings, together making up 30% of total imports. Italy (38K tons), the Netherlands (36K tons), Brazil (33K tons), Indonesia (31K tons), France (30K tons) and South Korea (29K tons) followed a long way behind the leaders.

From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Mexico (with a CAGR of +3.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing importing markets into Australia were Germany ($1.9B), China ($1.6B) and the United States ($1.2B), together accounting for 32% of total imports. Mexico, Italy, France, the Netherlands, South Korea, Brazil and Indonesia lagged somewhat behind, together comprising a further 21%.

In terms of the main importing countries, Mexico, with a CAGR of +3.1%, 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.

In 2023, the import price in Australia amounted to $61,323 per ton, growing by 69% against the previous year. Overall, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 154% against the previous year. Over the period under review, import prices hit record highs in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($27,660 per ton), while Indonesia ($7,993 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+8.8%), while the other leaders experienced more modest paces of growth.

In 2024, approx. 289 tons of ball bearings were exported from Australia; which is down by -5.2% against the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 130%. As a result, the exports reached the peak of 536 tons. From 2022 to 2024, the growth of the exports remained at a somewhat lower figure.

In value terms, ball bearing exports rose modestly to $7.5M in 2024. In general, total exports indicated a noticeable increase from 2013 to 2024: its value increased at an average annual rate of +2.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports decreased by -20.1% against 2021 indices. The pace of growth was the most pronounced in 2021 when exports increased by 65%. As a result, the exports reached the peak of $9.4M. From 2022 to 2024, the growth of the exports remained at a somewhat lower figure.

China represented the major exporting country with an export of about 510K tons, which amounted to 38% of total exports. It was distantly followed by Thailand (286K tons), Japan (94K tons) and Germany (67K tons), together constituting a 34% share of total exports. The following exporters - Italy (56K tons), the Netherlands (32K tons), South Korea (31K tons), France (29K tons), Poland (22K tons), Mexico (20K tons), Singapore (15K tons) and the United States (4.2K tons) - together made up 16% of total exports.

From 2013 to 2023, the biggest increases were recorded for Thailand (with a CAGR of +40.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing supplying countries from Australia were China ($3.2B), Germany ($2B) and Japan ($1.6B), with a combined 47% share of total exports. Italy, the United States, France, the Netherlands, Thailand, South Korea, Singapore, Poland and Mexico lagged somewhat behind, together accounting for a further 32%.

In terms of the main exporting countries, Thailand, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

In 2023, the export price in Australia amounted to $23,497 per ton, with a decrease of -3.9% against the previous year. In general, export price indicated measured growth from 2013 to 2023: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, ball bearing export price increased by +33.8% against 2021 indices. The growth pace was the most rapid in 2017 when the export price increased by 72% against the previous year. Over the period under review, the export prices attained the peak figure at $25,084 per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United States ($193,362 per ton), while Thailand ($1,733 per ton) was amongst the lowest.

From 2013 to 2023, the most notable rate of growth in terms of prices was attained by the United States (+23.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ball bearing market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and Its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Exports

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles