Italy: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Italy

In 2022, the Italian needle roller bearing market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Italy consumption peaked in 2022 and is expected to retain growth in years to come.

Needle Roller Bearing Production in Italy

In value terms, needle roller bearing production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Needle Roller Bearing Exports

Exports from Italy

In 2022, the amount of needle roller bearings exported from Italy fell to X tons, dropping by X% against 2021. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, needle roller bearing exports declined to $X in 2022. Over the period under review, exports, however, enjoyed noticeable growth. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), Germany (X tons), Slovakia (X tons) and France (X tons) represented the key exporters of needle roller bearings, together making up X% of total exports. South Korea (X tons), the United States (X tons), Mexico (X tons), the Czech Republic (X tons), Romania (X tons) and the Netherlands (X tons) took a little share of total exports.

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

In value terms, Germany ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Slovakia, the United States, France, South Korea, the Netherlands, the Czech Republic, Mexico and Romania lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries 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 Italy stood at $X per ton in 2022, falling by X% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price 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, needle roller bearing export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Romania ($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.

Needle Roller Bearing Imports

Imports into Italy

After three years of decline, purchases abroad of needle roller bearings increased by X% to X tons in 2022. Overall, total imports indicated a measured expansion 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. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, needle roller bearing imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X tons), distantly followed by the United States (X tons) and Mexico (X tons) were the main importers of needle roller bearings, together generating X% of total imports. The following importers - China (X tons), South Korea (X tons), Nigeria (X tons), Thailand (X tons), Brazil (X tons), France (X tons), Indonesia (X tons), Japan (X tons), Spain (X tons) and the Netherlands (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Nigeria (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 Mexico ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. China, South Korea, the Netherlands, Japan, Thailand, Brazil, France, Indonesia, Spain and Nigeria lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Nigeria, with a CAGR of X%, recorded 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

In 2022, the import price in Italy amounted to $X per ton, waning by X% against the previous year. In general, the import price continues to indicate a slight descent. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :