Spain - Ball Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Bearing Price in Spain - 2023
Contents:
- Ball Bearing Price in Spain (CIF) - 2023
- Ball Bearing Price in Spain (FOB) - 2023
- Ball Bearing Imports in Spain
- Ball Bearing Exports in Spain
Ball Bearing Price in Spain (CIF) - 2023
In June 2023, the import price in Spain amounted to $12,780 per ton, with an increase of 8.8% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in February 2023 when the import price increased by 23% m-o-m. Spain import price peaked in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Belgium ($25,481 per ton), while China ($5,566 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.8%), while the other leaders experienced more modest paces of growth.
Ball Bearing Price in Spain (FOB) - 2023
The export price in Spain stood at $10,937 per ton in June 2023, shrinking by -13.2% against the previous month. Overall, export price indicated tangible growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, ball bearing export price decreased by -13.2% against May 2023 indices. The growth pace was the most rapid in January 2023 when the export price increased by 33% month-to-month. Over the period under review, the export prices hit record highs at $12,605 per ton in May 2023, and then shrank in the following month.
There were significant differences in the average prices amongst the major exporting countries. In June 2023, the country with the highest price was Italy ($14,009 per ton), while Denmark ($2,330 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Morocco (+3.7%), while the other leaders experienced more modest paces of growth.
Ball Bearing Imports in Spain
In 2022, ball bearing imports into Spain surged to 21K tons, picking up by 21% compared with the previous year. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +78.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, ball bearing imports reached $200M in 2022. The total import value increased at an average annual rate of +4.6% from 2019 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 33%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Ball Bearing in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,837 | 1,453 | 1,903 | 1,966 | 2.3% |
| China | 1,410 | 1,531 | 2,096 | 1,929 | 11.0% |
| United States | 1,254 | 1,000 | 1,289 | 1,375 | 3.1% |
| India | 435 | 343 | 533 | 619 | 12.5% |
| Mexico | 518 | 433 | 583 | 595 | 4.7% |
| Italy | 527 | 418 | 563 | 588 | 3.7% |
| Netherlands | 445 | 432 | 519 | 518 | 5.2% |
| France | 514 | 380 | 460 | 467 | -3.1% |
| Japan | 421 | 348 | 416 | 441 | 1.6% |
| Brazil | 244 | 226 | 333 | 393 | 17.2% |
| South Korea | 348 | 302 | 401 | 351 | 0.3% |
| Indonesia | 246 | 178 | 237 | 256 | 1.3% |
| Russia | 246 | 175 | 212 | 194 | -7.6% |
| Others | -8,271.1 | -7,077.2 | -9,357.5 | -9,490.8 | 4.7% |
| Total | 174 | 141 | 188 | 200 | 4.8% |
Top Suppliers of Ball Bearing to Spain in 2022:
- Germany (128.3K tons)
- United States (99.4K tons)
- India (85.5K tons)
- China (73.1K tons)
- Italy (45.0K tons)
- Mexico (44.6K tons)
- Netherlands (44.4K tons)
- Brazil (42.5K tons)
- Indonesia (35.6K tons)
- France (32.4K tons)
- Russia (24.9K tons)
- South Korea (23.1K tons)
- Japan (21.7K tons)
Ball Bearing Exports in Spain
In 2022, ball bearing exports from Spain reached 12K tons, surging by 6.5% against 2021. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 11%. As a result, the exports reached the peak of 13K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, ball bearing exports shrank to $108M in 2022. Overall, exports, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 2.5% against the previous year.
| Export of Ball Bearing in Spain (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.6 | 2.5 | 3.5 | 3.6 | 11.5% |
| Japan | 1.8 | 1.5 | 2.0 | 1.9 | 1.8% |
| Germany | 1.7 | 1.6 | 2.0 | 1.9 | 3.8% |
| Italy | 0.9 | 0.7 | 0.9 | 0.9 | 0.0% |
| France | 0.8 | 0.6 | 0.8 | 0.7 | -4.4% |
| Netherlands | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
| Thailand | 0.4 | 0.4 | 0.5 | 0.5 | 7.7% |
| South Korea | 0.5 | 0.4 | 0.5 | 0.4 | -7.2% |
| Poland | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Others | -9.2 | -8.2 | -10.7 | -10.6 | 4.8% |
| Total | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
Top Export Markets for Ball Bearing from Spain in 2022:
- China (534.7K tons)
- Japan (106.6K tons)
- Germany (70.7K tons)
- Italy (61.0K tons)
- South Korea (38.3K tons)
- France (35.5K tons)
- Netherlands (35.2K tons)
- Poland (24.6K tons)
- Thailand (19.3K tons)
This report provides an in-depth analysis of the ball bearing market in Spain. 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.
Product coverage:
- Prodcom 28151030 - Ball bearings
Country coverage:
- Spain
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Spain
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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