Ireland: Roller Bearing Market 2024

Roller Bearing Market Size in Ireland

In 2022, after three years of decline, there was significant growth in the Irish roller bearing market, when its value increased by X% to $X. Over the period under review, consumption showed prominent growth. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Roller Bearing Exports

Exports from Ireland

Roller bearing exports from Ireland expanded notably to X tons in 2022, with an increase of X% on the previous year's figure. In general, exports recorded a slight increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, roller bearing exports shrank to $X in 2022. Overall, exports continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Singapore (X tons), Germany (X tons), France (X tons), Slovakia (X tons) and the United States (X tons), together committing a X% share of total exports. Italy (X tons), Vietnam (X tons), South Korea (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), Indonesia (X tons) and Austria (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), Vietnam (X%), the United Arab Emirates (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Italy (X%), France (X%), Germany (X%), South Korea (X%), Hong Kong SAR (X%), the United States (X%) and Austria (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Singapore (X p.p.), France (X p.p.), Germany (X p.p.), Hong Kong SAR (X p.p.), the United States (X p.p.), South Korea (X p.p.) and Austria (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Italy, the United States, Vietnam, France, Hong Kong SAR, Slovakia, South Korea, Austria, the United Arab Emirates and Indonesia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw 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

The export price in Ireland stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price, however, saw a moderate expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a 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 ($X per ton), while Indonesia ($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.

Roller Bearing Imports

Imports into Ireland

After three years of decline, purchases abroad of roller bearings increased by X% to X tons in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Ireland imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, roller bearing imports amounted to $X in 2022. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Ireland imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons), followed by Germany (X tons) and Thailand (X tons) were the largest importers of roller bearings, together creating X% of total imports. The following importers - India (X tons), Italy (X tons), Nigeria (X tons), Canada (X tons), South Korea (X tons), Spain (X tons), France (X tons), Poland (X tons), Singapore (X tons) and Austria (X tons) - together made up X% of total imports.

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

In value terms, Germany ($X), India ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Canada, Thailand, South Korea, Italy, France, Poland, Singapore, Austria, Spain and Nigeria lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Austria, with a CAGR of X%, saw the highest rates of growth with regard to 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 Ireland stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price, however, continues to indicate a notable increase. The most prominent rate of growth was recorded in 2014 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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