Spain: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Spain

In 2022, the Spanish spherical roller bearing market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption recorded prominent growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Spain

After two years of growth, shipments abroad of spherical roller bearings decreased by X% to X tons in 2022. Overall, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, spherical roller bearing exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

China represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Germany (X tons), Sweden (X tons), Japan (X tons), Romania (X tons) and Belgium (X tons), together making up a X% share of total exports. The following exporters - Malaysia (X tons), France (X tons), the UK (X tons), Singapore (X tons), Italy (X tons), the United States (X tons) and Belarus (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the spherical roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Romania (X%) and France (X%) displayed positive paces of growth. Italy, Japan and Germany experienced a relatively flat trend pattern. By contrast, Sweden (X%), Belgium (X%), the UK (X%), Belarus (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.), Romania (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the global exports, while Japan, Germany, Belarus, Belgium, the United States, Singapore and Sweden saw its share reduced by X%, X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spherical roller bearing supplying countries from Spain were Sweden ($X), Germany ($X) and China ($X), with a combined X% share of total exports. Japan, Belgium, the United States, Romania, Malaysia, the UK, France, Singapore, Italy and Belarus lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Malaysia, 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 export price in Spain stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price, however, recorded a abrupt decrease. The Spain export price peaked at $X per ton in 2012; however, from 2013 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.

Spherical Roller Bearing Imports

Imports into Spain

In 2022, purchases abroad of spherical roller bearings increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, spherical roller bearing imports fell to $X in 2022. In general, imports showed strong growth. The growth pace was the most rapid in 2014 with an increase of X%. Spain imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of spherical roller bearings, namely Belgium, China, the United States, Germany, India, Russia, France, Brazil, Denmark, South Korea, Thailand and Turkey, represented more than half of total import. Italy (X tons) held a relatively small share 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 Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing importing markets into Spain were China ($X), the United States ($X) and Belgium ($X), together comprising X% of total imports. India, Germany, France, Brazil, Italy, South Korea, Russia, Turkey, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

Among the main importing countries, India, 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 Spain stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price showed a noticeable contraction. The pace of growth appeared the most rapid in 2019 an increase of X%. Spain import price peaked at $X per ton in 2013; however, from 2014 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 the United States ($X per ton), while Thailand ($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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