Sweden: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Sweden

In 2022, the Swedish spherical roller bearing market decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a noticeable setback. Sweden consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Spherical Roller Bearing Production in Sweden

In value terms, spherical roller bearing production totaled $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Spherical Roller Bearing Exports

Exports from Sweden

After four years of growth, shipments abroad of spherical roller bearings decreased by X% to X tons in 2022. Over the period under review, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The Sweden exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, spherical roller bearing exports shrank to $X in 2022. Overall, exports saw a perceptible slump. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The Sweden exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China represented the largest exporting country with an export of about X tons, which finished at X% of total exports. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by Japan (X%), Romania (X%) and Belgium (X%). Malaysia (X tons), France (X tons), the UK (X tons), Singapore (X tons), Italy (X tons), Belarus (X tons), Thailand (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to spherical roller bearing exports from China stood at X%. At the same time, Thailand (X%), Malaysia (X%), Romania (X%), France (X%) and the Netherlands (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Italy, Japan and Germany experienced a relatively flat trend pattern. By contrast, Belgium (X%), the UK (X%), Belarus (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Romania and Malaysia increased by 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 spherical roller bearing supplying countries from Sweden were Germany ($X), China ($X) and Japan ($X), with a combined X% share of total exports. Belgium, Romania, Malaysia, the UK, France, Singapore, Italy, the Netherlands, Belarus and Thailand lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Thailand, 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 Sweden stood at $X per ton in 2022, leveling off at the previous year. In general, the export price, however, showed a slight decline. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The Sweden export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Spherical Roller Bearing Imports

Imports into Sweden

In 2022, purchases abroad of spherical roller bearings increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, spherical roller bearing imports reached $X in 2022. Over the period under review, imports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Sweden imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of spherical roller bearing imports in 2022 were Belgium (X tons), China (X tons), the United States (X tons), Germany (X tons), India (X tons), Russia (X tons), France (X tons), Brazil (X tons), Denmark (X tons), South Korea (X tons), Thailand (X tons) and Turkey (X tons), together finishing at X% of total import. Italy (X tons) took a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading 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, China ($X), the United States ($X) and Belgium ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. India, Germany, France, Brazil, Italy, South Korea, Russia, Turkey, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Sweden stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Sweden import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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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