Luxembourg - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Luxembourg - 2023
Contents:
- Bearing Price in Luxembourg (CIF) - 2022
- Bearing Price in Luxembourg (FOB) - 2022
- Bearing Imports in Luxembourg
- Bearing Exports in Luxembourg
Bearing Price in Luxembourg (CIF) - 2022
In 2020, the average bearing import price amounted to $27,628 per ton, falling by -8.9% against the previous year. Overall, the import price showed a mild decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 49%. Over the period under review, average import prices hit record highs at $35,487 per ton in 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the highest price was recorded for prices from the Netherlands ($654 per ton) and Japan ($654 per ton), while the price for the UK ($654 per ton) and Italy ($654 per ton) were amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Luxembourg (FOB) - 2022
In 2020, the average bearing export price amounted to $30,922 per ton, surging by 5.9% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by 25% against the previous year. The export price peaked at $59,446 per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2020, amid the top suppliers, the highest price was recorded for prices to Belgium ($102,842 per ton) and France ($102,829 per ton), while the average price for exports to Vietnam ($102,740 per ton) and Russia ($102,760 per ton) were amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Luxembourg
In 2022, approx. 478 tons of ball and roller bearings were imported into Luxembourg; growing by 25% on 2021. In general, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +11.7% 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 +54.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, bearing imports rose rapidly to $10M in 2022. Overall, imports, however, recorded a mild contraction.
| Import of Bearing in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Germany | 3,135 | 3,585 | 14.4% | ||
| Belgium | 3,668 | 2,839 | -22.6% | ||
| United States | 592 | 664 | 12.2% | ||
| France | 519 | 530 | 2.1% | ||
| Japan | 1,109 | 406 | -63.4% | ||
| Netherlands | 104 | 268 | 157.7% | ||
| United Kingdom | 269 | 268 | -0.4% | ||
| Denmark | 417 | 186 | -55.4% | ||
| Sweden | 321 | 173 | -46.1% | ||
| Romania | 293 | 0.4 | -99.9% | ||
| Others | -21.3 | -343.4 | 1512.2% | ||
| Total | 10,406 | 8,578 | -17.6% | ||
Top Suppliers of Bearing to Luxembourg in 2022:
- Romania (undefinedK tons)
- Germany (5.5K tons)
- Belgium (4.3K tons)
- United States (1.0K tons)
- France (0.8K tons)
- Japan (0.6K tons)
- Netherlands (0.4K tons)
- United Kingdom (0.4K tons)
- Denmark (0.3K tons)
- Sweden (0.3K tons)
Bearing Exports in Luxembourg
For the fourth year in a row, Luxembourg recorded growth in shipments abroad of ball and roller bearings, which increased by 18% to 196 tons in 2022. The total export volume increased at an average annual rate of +12.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, bearing exports soared to $6.3M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Bearing in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Belgium | 940 | 958 | 1.9% | ||
| France | 446 | 437 | -2.0% | ||
| Germany | 312 | 418 | 34.0% | ||
| Poland | 320 | 270 | -15.6% | ||
| Turkey | 292 | 264 | -9.6% | ||
| United States | 174 | 213 | 22.4% | ||
| Canada | 72.1 | 194 | 169.1% | ||
| China | 54.5 | 182 | 233.9% | ||
| Italy | 209 | 173 | -17.2% | ||
| Indonesia | 51.2 | 118 | 130.5% | ||
| Saudi Arabia | 221 | 116 | -47.5% | ||
| Russia | 22.5 | 106 | 371.1% | ||
| Vietnam | 39.6 | 95.8 | 141.9% | ||
| Others | 860 | 884 | 2.8% | ||
| Total | 4,014 | 4,430 | 10.4% | ||
Top Export Markets for Bearing from Luxembourg in 2022:
- Belgium (9.3 tons)
- France (4.3 tons)
- Germany (4.1 tons)
- Turkey (2.6 tons)
- Poland (2.6 tons)
- United States (2.1 tons)
- Canada (1.9 tons)
- China (1.8 tons)
- Italy (1.7 tons)
- Indonesia (1.2 tons)
- Saudi Arabia (1.1 tons)
- Russia (1.0 tons)
- Vietnam (0.9 tons)
This report provides an in-depth analysis of the bearing market in Luxembourg. 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:
- Luxembourg
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Luxembourg
- 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 Luxembourg.
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This report provides an in-depth analysis of the bearing market in Luxembourg.
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