United Kingdom: Roller Bearing Market 2024

Roller Bearing Market Size in the UK

After five years of growth, the UK roller bearing market decreased by X% to $X in 2022. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank remarkably in the following year.

Roller Bearing Production in the UK

In value terms, roller bearing production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Roller Bearing Exports

Exports from the UK

In 2022, shipments abroad of roller bearings decreased by X% to X tons, falling for the ninth consecutive year after two years of growth. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, roller bearing exports fell significantly to $X in 2022. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China was the key exporting country with an export of around X tons, which finished at X% of total exports. Singapore (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%), France (X%), Slovakia (X%) and the United States (X%). 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) took 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. China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the global exports, while Singapore, France, Germany, Hong Kong SAR, the United States, South Korea and Austria 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, China ($X), Germany ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, together comprising 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%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in the UK amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, posted a moderate increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced sharply in the following year.

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 the UK

In 2022, overseas purchases of roller bearings decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then declined sharply in the following year.

In value terms, roller bearing imports reduced sharply to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Indonesia (X tons), followed by Germany (X tons) and Thailand (X tons) represented the main importers of roller bearings, together achieving X% of total imports. 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) followed a long way behind the leaders.

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, the largest roller bearing importing markets into the UK were Germany ($X), India ($X) and Indonesia ($X), together accounting for X% of total imports. Canada, Thailand, South Korea, Italy, France, Poland, Singapore, Austria, Spain and Nigeria lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, saw 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 the UK stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible shrinkage. The UK import price peaked at $X per ton in 2013; however, from 2014 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 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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