Belgium: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Belgium

The Belgian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings contracted to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, saw a remarkable increase. Bearing housing without ball bearing consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Belgium

In value terms, bearing housing without ball bearing production declined modestly to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The growth pace was the most rapid in 2014 when the production volume increased by X%. Bearing housing without ball bearing production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Belgium

In 2022, shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by X% to X tons, rising for the eighth consecutive year after two years of decline. Overall, exports, however, saw a pronounced reduction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports expanded significantly to $X in 2022. Over the period under review, exports, however, recorded a mild downturn. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of bearing housing without ball bearing exports from Belgium, with a combined X% share of total exports. The United Arab Emirates, the UK, the Netherlands, Poland, Austria, Sweden, Spain, Saudi Arabia, Turkey and Brazil lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) constituted the largest markets for bearing housing without ball bearing exported from Belgium worldwide, together accounting for X% of total exports. Italy, the United Arab Emirates, Turkey, Spain, the UK, Poland, Saudi Arabia, Brazil, Sweden and Austria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Belgium

In 2022, after three years of growth, there was significant decline in supplies from abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume decreased by X% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, bearing housing without ball bearing imports totaled $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Sweden (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of bearing housing without ball bearing imports to Belgium, with a combined X% share of total imports. Hungary, France, the Netherlands, Austria, Italy, China, South Africa, South Korea, the United States and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of bearing housings not incorporating ball or roller bearings, plain shaft bearings to Belgium, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Hungary (X% per year).

Import Prices by Country

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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