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Italy - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Italy - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Oct 17, 2023

Price of Needle Roller Bearings in Italy Sees Significant Increase to $36.1 per kg

Italy Needle Roller Bearing Import Price in June 2023

In June 2023, the needle roller bearing price stood at $36,079 per ton (CIF, Italy), surging by 12% against the previous month. In general, import price indicated a pronounced expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, needle roller bearing import price decreased by -6.6% against April 2023 indices. The growth pace was the most rapid in December 2022 an increase of 37% month-to-month. Italy import price peaked at $38,635 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In June 2023, the country with the highest price was India ($51,693 per ton), while China ($11,593 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by India (+6.6%), while the other leaders experienced more modest paces of growth.

Italy Needle Roller Bearing Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Needle Roller Bearing in Italy (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
India23,93722,19341,92139,83217,92012,01321,50332,89729,69426,58222,56635,08851,693
Netherlands45,84043,57968,49035,32243,22140,67451,36944,15638,89145,63645,60846,72350,160
France38,55948,24443,55513,13249,57149,48264,68546,58753,78049,04848,13146,21744,255
Germany29,94533,21730,75029,62031,29932,40236,65235,03833,71332,56441,39336,32641,457
Japan26,11017,42113,17825,52324,68013,79233,88214,61526,42932,33427,30229,94617,629
China11,65310,52110,73913,1509,3606,90116,52214,61411,0079,56413,83911,46311,593
Average27,19824,73424,33925,24729,71326,49136,21336,09228,54332,60338,63532,27236,079

Italy Needle Roller Bearing Imports

In June 2023, the amount of needle roller bearings imported into Italy contracted to 115 tons, shrinking by -9.6% compared with May 2023 figures. Overall, imports showed a noticeable contraction. The most prominent rate of growth was recorded in January 2023 with an increase of 107% m-o-m.

In value terms, needle roller bearing imports totaled $4.2M (IndexBox estimates) in June 2023. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when imports increased by 106% month-to-month.

Italy Needle Roller Bearing Imports by Country

In June 2023, Germany (51 tons), followed by China (25,489 kg), the Netherlands (14,388 kg), France (12,805 kg) and Japan (6,464 kg) represented the main importers of needle roller bearings, together creating 1% of total imports. The following importers - Slovakia (2,135 kg) and India (580 kg) - each recorded a less than 0.1% share of total imports.

From June 2022 to June 2023, average monthly rates of growth with regard to needle roller bearing imports into Germany stood at -2.7%. At the same time, Slovakia (+35.9%), Japan (+13.9%) and the Netherlands (+1.4%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in the world, with a CAGR of +35.9% from June 2022-June 2023. By contrast, France (-1.7%), China (-4.8%) and India (-17.7%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Germany ($2.1M) constitutes the largest market for imported needle roller bearings into Italy, comprising 1.9% of global imports. The second position in the ranking was held by the Netherlands ($722K), with a 0.7% share of global imports. It was followed by France, with a 0.5% share.

From June 2022 to June 2023, the average monthly rate of growth in terms of value in Germany was relatively modest. The remaining importing countries recorded the following average monthly rates of imports growth: the Netherlands (+2.2% per month) and France (-0.5% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the needle roller bearing market in Italy. 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 28151070 - Needle roller bearings

Country coverage:

  • Italy

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Italy
  • 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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