Report Scandinavia - Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Nov 25, 2022

Scandinavia - Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)

Scandinavia: Bearing Market 2022

Bearing Market Size in Scandinavia

The Scandinavia bearing market surged to $X in 2021, picking up by 30% against the previous year. In general, consumption, however, recorded a mild reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Bearing Production in Scandinavia

In value terms, bearing production amounted to $X in 2021 estimated in export price. In general, production showed a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 24% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Bearing Exports

Exports in Scandinavia

In 2021, shipments abroad of ball or roller bearings increased by 2.9% to X tons, rising for the fourth year in a row after five years of decline. In general, exports, however, continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2018 when exports increased by 9%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, bearing exports expanded remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 16% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, finishing at X tons, which was approx. 91% of total exports in 2021. It was distantly followed by Denmark (X tons), constituting a 5.3% share of total exports. Finland (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bearing exports from Sweden stood at -4.1%. At the same time, Finland (+1.2%) and Denmark (+1.2%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +1.2% from 2012-2021. From 2012 to 2021, the share of Denmark increased by +1.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest bearing supplier in Scandinavia, comprising 86% of total exports. The second position in the ranking was held by Denmark ($X), with a 7.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden stood at -4.9%. In the other countries, the average annual rates were as follows: Denmark (-2.2% per year) and Finland (-1.2% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, surging by 7.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (-0.8%), while the other leaders experienced a decline in the export price figures.

Bearing Imports

Imports in Scandinavia

Bearing imports soared to X tons in 2021, jumping by 26% on the year before. The total import volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X tons) and Denmark (X tons) dominates imports structure, together generating 89% of total imports. It was distantly followed by Finland (X tons), committing a 9.2% share of total imports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), with a combined 94% share of total imports.

In terms of the main importing countries, Denmark, with a CAGR of +5.7%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, waning by -3.9% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the import price increased by 5.8%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for ball or roller bearings in Scandinavia?
+
Denmark constituted the country with the largest volume of bearing consumption, comprising approx. 59% of total volume. Moreover, bearing consumption in Denmark exceeded the figures recorded by the second-largest consumer, Sweden, twofold. The third position in this ranking was taken by Finland, with a 12% share.
What are the largest producers of ball or roller bearings in Scandinavia?
+
Sweden constituted the country with the largest volume of bearing production, comprising approx. 98% of total volume. It was followed by Finland, with a 1.7% share of total production.
What are the leading suppliers of ball or roller bearings in Scandinavia?
+
In value terms, Sweden remains the largest bearing supplier in Scandinavia, comprising 86% of total exports. The second position in the ranking was held by Denmark, with a 7.4% share of total exports.
What are the leading importers of ball or roller bearings in Scandinavia?
+
In value terms, the largest bearing importing markets in Scandinavia were Sweden, Denmark and Finland, with a combined 94% share of total imports.
What is the average export price for ball or roller bearings in Scandinavia?
+
The export price in Scandinavia stood at $20,008 per ton in 2021, rising by 7.9% against the previous year.
What is the average import price for ball or roller bearings in Scandinavia?
+
The import price in Scandinavia stood at $11,592 per ton in 2021, dropping by -3.9% against the previous year.

This report provides an in-depth analysis of the bearing market in Scandinavia. 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 28151030 - Ball bearings
• Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
• Prodcom 28151055 - Spherical roller bearings
• Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
• Prodcom 28151070 - Needle roller bearings
• Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Scandinavia, split by region and country
• Trade (exports and imports) in Scandinavia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Denmark
• Finland
• Iceland
• Norway
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET