Belgium: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Belgium

The Belgian tapered roller bearing market contracted to $X in 2022, declining by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Belgium consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Tapered Roller Bearing Production in Belgium

In value terms, tapered roller bearing production declined rapidly to $X in 2022 estimated in export price. Overall, production showed a dramatic downturn. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Belgium production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Tapered Roller Bearing Exports

Exports from Belgium

In 2022, after two years of growth, there was decline in overseas shipments of tapered roller bearings, when their volume decreased by X% to X tons. Over the period under review, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tapered roller bearing exports fell to $X in 2022. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the key exporting country with an export of around X tons, which reached X% of total exports. Japan (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), Romania (X%), France (X%) and Austria (X%). South Korea (X tons), India (X tons), Poland (X tons), the United States (X tons), the Netherlands (X tons), Singapore (X tons) and Italy (X tons) held a relatively small share of total exports.

China was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Romania (X%), South Korea (X%), Singapore (X%), the Netherlands (X%), Poland (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Japan and France experienced a relatively flat trend pattern. By contrast, Austria (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, India, Romania and South Korea increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tapered roller bearing supplying countries from Belgium were Germany ($X), China ($X) and the United States ($X), with a combined X% share of total exports. Japan, France, Romania, India, Austria, South Korea, Poland, Singapore, the Netherlands and Italy lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the export price in Belgium amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price continues to indicate a slight decline. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The Belgium 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 origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X 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 (X%), while the other leaders experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Belgium

In 2022, after seven years of growth, there was decline in overseas purchases of tapered roller bearings, when their volume decreased by X% to X tons. In general, imports saw a mild descent. The growth pace was the most rapid in 2020 when imports increased by X%. Belgium imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tapered roller bearing imports contracted to $X in 2022. Over the period under review, imports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. Belgium imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X tons) and the United States (X tons) represented roughly X% of total imports in 2022. China (X tons) ranks next in terms of the total imports with a X% share, followed by Brazil (X%), France (X%) and Mexico (X%). Italy (X tons), Sweden (X tons), Turkey (X tons), Australia (X tons), India (X tons), Russia (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the United States ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. France, Mexico, Brazil, Italy, Australia, India, Sweden, Russia, Turkey and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Russia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Belgium stood at $X per ton in 2022, waning by X% against the previous year. In general, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Brazil ($X 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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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