Finland - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Finland - 2023
Contents:
- Bearing Price in Finland (CIF) - 2023
- Bearing Price in Finland (FOB) - 2023
- Bearing Imports in Finland
- Bearing Exports in Finland
Bearing Price in Finland (CIF) - 2023
The average bearing import price stood at $18,592 per ton in August 2023, almost unchanged from the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in April 2023 an increase of 25% against the previous month. As a result, import price reached the peak level of $20,078 per ton. From May 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Belgium ($21,989 per ton), while the price for China ($6,567 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Finland (FOB) - 2023
In August 2023, the average bearing export price amounted to $54,660 per ton, increasing by 9.9% against the previous month. Overall, export price indicated a perceptible expansion from August 2022 to August 2023: its price increased at an average monthly rate of +3.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, bearing export price increased by +33.8% against January 2023 indices. The pace of growth was the most pronounced in January 2023 when the average export price increased by 93% month-to-month. Over the period under review, the average export prices hit record highs in August 2023.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was China ($172K per ton), while the average price for exports to Azerbaijan ($27,382 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 China (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Finland
For the fourth consecutive year, Finland recorded growth in purchases abroad of ball and roller bearings, which increased by 11% to 7.4K tons in 2022. The total import volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 11% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, bearing imports expanded sharply to $133M in 2022. The total import value increased at an average annual rate of +3.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Bearing in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Germany | 51.3 | 44.7 | -12.9% | ||
| Sweden | 17.8 | 17.8 | 0.0% | ||
| France | 17.1 | 14.4 | -15.8% | ||
| Belgium | 0.7 | 11.3 | 1514.3% | ||
| Italy | 7.1 | 6.6 | -7.0% | ||
| Netherlands | 1.7 | 3.5 | 105.9% | ||
| China | 5.2 | 3.5 | -32.7% | ||
| Romania | 5.4 | 2.5 | -53.7% | ||
| United Kingdom | 4.0 | 1.2 | -70.0% | ||
| Austria | 7.1 | 0.4 | -94.4% | ||
| Others | 4.1 | 0.3 | -92.7% | ||
| Total | 121 | 106 | -12.4% | ||
Top Suppliers of Bearing to Finland in 2022:
- Austria (undefined tons)
- Germany (2.6 tons)
- Sweden (1.0 tons)
- France (0.8 tons)
- Belgium (0.7 tons)
- Italy (0.4 tons)
- Netherlands (0.2 tons)
- China (0.2 tons)
- Romania (0.1 tons)
- United Kingdom (0.1 tons)
Bearing Exports in Finland
In 2022, approx. 617 tons of ball and roller bearings were exported from Finland; reducing by -16.2% compared with the previous year's figure. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2021 when exports increased by 10%.
In value terms, bearing exports expanded modestly to $23M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 33% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Bearing in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Netherlands | 3.7 | 2.9 | -21.6% | ||
| Russia | 3.6 | 2.5 | -30.6% | ||
| Germany | 1.4 | 1.4 | 0.0% | ||
| China | 0.8 | 1.4 | 75.0% | ||
| Estonia | 0.9 | 1.1 | 22.2% | ||
| Sweden | 1.2 | 1.1 | -8.3% | ||
| United States | 1.4 | 1.0 | -28.6% | ||
| South Africa | 0.1 | 1.0 | 900.0% | ||
| Georgia | N/A | 0.9 | 0% | ||
| Singapore | 1.7 | 0.8 | -52.9% | ||
| Norway | 0.3 | 0.6 | 100.0% | ||
| Bahamas | 2.1 | 0.5 | -76.2% | ||
| South Korea | 0.6 | 0.5 | -16.7% | ||
| Others | 5.6 | 1.4 | -75.0% | ||
| Total | 23.3 | 17.2 | -26.2% | ||
Top Export Markets for Bearing from Finland in 2022:
- Netherlands (12.4 tons)
- Russia (10.8 tons)
- Georgia (7.5 tons)
- Germany (6.0 tons)
- China (6.0 tons)
- Estonia (4.7 tons)
- Sweden (4.5 tons)
- United States (4.4 tons)
- South Africa (4.4 tons)
- Singapore (3.2 tons)
- Norway (2.5 tons)
- Bahamas (2.3 tons)
- South Korea (2.0 tons)
This report provides an in-depth analysis of the bearing market in Finland. 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:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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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This report provides an in-depth analysis of the bearing market in Finland.
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