Norway - Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRoller Bearing Price in Norway - 2023
Contents:
- Roller Bearing Price in Norway (CIF) - 2022
- Roller Bearing Price in Norway (FOB) - 2022
- Roller Bearing Imports in Norway
- Roller Bearing Exports in Norway
Roller Bearing Price in Norway (CIF) - 2022
The import price in Norway stood at $29,951 per ton in 2022, reducing by -17.2% against the previous year. Over the period under review, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, roller bearing import price increased by +77.9% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 77%. As a result, import price attained the peak level of $36,173 per ton, and then declined rapidly in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($85,381 per ton), while Thailand ($352 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+12.8%), while the other leaders experienced more modest paces of growth.
Roller Bearing Price in Norway (FOB) - 2022
In 2022, the export price in Norway amounted to $50,987 per ton, shrinking by -11.8% against the previous year. Overall, the export price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 190%. The Norway export price peaked at $89,792 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($339,539 per ton), while Indonesia ($3,287 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+26.3%), while the other leaders experienced more modest paces of growth.
Roller Bearing Imports in Norway
Roller bearing imports into Norway soared to 131 tons in 2022, with an increase of 29% against the year before. Overall, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 104%. As a result, imports attained the peak of 225 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, roller bearing imports rose rapidly to $3.9M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 74%. As a result, imports reached the peak of $4.6M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Roller Bearing in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 88.8 | 67.3 | 83.0 | 157 | 20.9% |
Germany | 125 | 105 | 131 | 133 | 2.1% |
India | 94.1 | 81.7 | 120 | 121 | 8.7% |
Thailand | 65.5 | 56.9 | 66.6 | 63.5 | -1.0% |
Spain | 33.5 | 24.2 | 24.6 | 25.9 | -8.2% |
Nigeria | 7.2 | 19.9 | 11.0 | 9.2 | 8.5% |
Others | -411.5 | -350.6 | -432.5 | -504.9 | 7.1% |
Total | 2.6 | 4.6 | 3.7 | 3.9 | 14.5% |
Top Suppliers of Roller Bearing to Norway in 2022:
- Thailand (180.4K tons)
- Indonesia (17.1K tons)
- Germany (6.8K tons)
- India (5.2K tons)
- Spain (2.3K tons)
- Nigeria (1.8K tons)
Roller Bearing Exports in Norway
In 2022, roller bearing exports from Norway skyrocketed to 21 tons, with an increase of 68% on the year before. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by 213%. As a result, the exports reached the peak of 28 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, roller bearing exports soared to $1.1M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +96.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Roller Bearing in Norway (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 171 | 157 | 212 | 248 | 13.2% |
Germany | 164 | 130 | 179 | 157 | -1.4% |
Singapore | 158 | 150 | 186 | 155 | -0.6% |
Italy | 101 | 87.5 | 110 | 105 | 1.3% |
France | 90.3 | 73.2 | 91.9 | 72.3 | -7.1% |
Slovakia | 48.3 | 36.9 | 47.0 | 40.8 | -5.5% |
South Korea | 34.2 | 25.9 | 31.3 | 28.6 | -5.8% |
Indonesia | 2.4 | 1.9 | 2.4 | 5.9 | 35.0% |
Others | -769.3 | -661.8 | -858.5 | -810.3 | 1.7% |
Total | 0.8 | 0.5 | 0.7 | 1.1 | 11.2% |
Top Export Markets for Roller Bearing from Norway in 2022:
- China (38.7K tons)
- Singapore (10.7K tons)
- Germany (5.5K tons)
- France (5.4K tons)
- Slovakia (4.2K tons)
- Italy (3.4K tons)
- South Korea (2.3K tons)
- Indonesia (1.8K tons)
This report provides an in-depth analysis of the roller bearing market in Norway. 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 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- 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
-
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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