Belgium - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Belgium - 2023
Contents:
- Bearing Price in Belgium (CIF) - 2022
- Bearing Price in Belgium (FOB) - 2023
- Bearing Imports in Belgium
- Bearing Exports in Belgium
Bearing Price in Belgium (CIF) - 2022
The average bearing import price stood at $17,476 per ton in 2022, rising by 5.4% against the previous year. Overall, the import price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 8.1% against the previous year. As a result, import price attained the peak level of $22,575 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($28,415 per ton), while the price for China ($10,188 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Bearing Price in Belgium (FOB) - 2023
In August 2023, the average bearing export price amounted to $22,377 per ton, almost unchanged from the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 13% month-to-month. The export price peaked at $24,516 per ton in January 2023; however, from February 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the Czech Republic ($28,515 per ton), while the average price for exports to Brazil ($13,407 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Belgium
In 2022, after three years of growth, there was decline in purchases abroad of ball and roller bearings, when their volume decreased by -3% to 43K tons. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.0% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 47%.
In value terms, bearing imports rose to $752M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 51%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Bearing in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 132 | 187 | 212 | 171 | 9.0% |
| France | 74.0 | 96.5 | 115 | 109 | 13.8% |
| Sweden | 46.7 | 86.4 | 117 | 105 | 31.0% |
| United Kingdom | 44.9 | 77.8 | 64.0 | 91.9 | 27.0% |
| Italy | 35.3 | 68.8 | 90.0 | 73.2 | 27.5% |
| Austria | 18.2 | 17.0 | 22.3 | 26.2 | 12.9% |
| China | 17.7 | 18.4 | 22.1 | 24.6 | 11.6% |
| Others | 45.7 | 74.2 | 94.8 | 150 | 48.6% |
| Total | 415 | 626 | 736 | 752 | 21.9% |
Top Suppliers of Bearing to Belgium in 2022:
- Germany (12.0K tons)
- France (7.1K tons)
- Sweden (6.5K tons)
- Italy (4.4K tons)
- United Kingdom (3.2K tons)
- Austria (2.4K tons)
- China (2.4K tons)
Bearing Exports in Belgium
In 2022, shipments abroad of ball and roller bearings decreased by -2.4% to 23K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 238% against the previous year.
In value terms, bearing exports contracted modestly to $511M in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 242%.
| Export of Bearing in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 16.6 | 71.1 | 85.4 | 83.4 | 71.3% |
| Italy | 10.1 | 36.6 | 55.4 | 49.9 | 70.3% |
| France | 9.1 | 43.8 | 53.6 | 47.7 | 73.7% |
| Turkey | 3.2 | 34.4 | 49.4 | 36.0 | 124.1% |
| Poland | 3.9 | 21.2 | 34.3 | 28.0 | 92.9% |
| Netherlands | 7.5 | 30.9 | 30.3 | 26.5 | 52.3% |
| Spain | 4.9 | 17.9 | 18.7 | 22.7 | 66.7% |
| Sweden | 2.3 | 16.0 | 19.4 | 17.1 | 95.2% |
| Austria | 1.9 | 12.1 | 14.9 | 14.5 | 96.9% |
| Japan | 9.0 | 9.1 | 11.2 | 11.7 | 9.1% |
| Finland | 1.6 | 10.9 | 11.0 | 10.6 | 87.8% |
| Brazil | 6.4 | 9.3 | 10.3 | 10.5 | 17.9% |
| United Kingdom | 5.9 | 26.0 | 7.7 | 8.3 | 12.0% |
| Others | 46.0 | 100 | 114 | 145 | 46.6% |
| Total | 128 | 439 | 515 | 511 | 58.6% |
Top Export Markets for Bearing from Belgium in 2022:
- Germany (4.7K tons)
- France (2.4K tons)
- Italy (2.0K tons)
- Turkey (1.8K tons)
- Poland (1.3K tons)
- Netherlands (1.0K tons)
- Spain (0.9K tons)
- Sweden (0.8K tons)
- Japan (0.8K tons)
- Brazil (0.7K tons)
- Austria (0.6K tons)
- Finland (0.5K tons)
- United Kingdom (0.3K tons)
This report provides an in-depth analysis of the bearing market in Belgium. 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
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- Belgium
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belgium
- 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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