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Spain - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Dec 27, 2023

Spain's Imports of Bearings Surge by 33% to $36M in September 2023

Spain Bearing Imports

In September 2023, overseas purchases of ball or roller bearings were finally on the rise to reach 2.8K tons after three months of decline. In general, imports, however, recorded a slight reduction. The most prominent rate of growth was recorded in March 2023 with an increase of 84% against the previous month. As a result, imports reached the peak of 5.5K tons. From April 2023 to September 2023, the growth of imports remained at a somewhat lower figure.

In value terms, bearing imports skyrocketed to $36M (IndexBox estimates) in September 2023. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 with an increase of 116% m-o-m. As a result, imports reached the peak of $76M. From April 2023 to September 2023, the growth of imports remained at a lower figure. Spain Bearing Imports By Country (Million USD)

COUNTRY	Import Value of Bearing in Spain (million USD)
COUNTRY	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023
Germany	10.2	11.0	13.7	19.8	10.9	10.4	44.9	11.5	12.5	15.6	12.0	7.8	11.8
France	5.3	5.4	6.0	6.3	5.0	6.9	8.0	5.9	6.5	7.3	6.6	4.9	5.9
Italy	2.4	3.1	2.8	2.0	3.5	2.3	5.4	3.7	4.3	5.6	2.7	1.5	4.2
Netherlands	2.8	2.0	2.6	1.8	3.3	3.5	2.7	2.4	2.7	2.9	1.8	1.9	3.3
China	5.2	2.5	4.7	3.7	5.1	3.2	6.6	3.8	4.7	4.4	3.1	3.0	3.2
Belgium	1.2	0.9	1.2	2.0	1.6	1.7	1.7	1.6	1.6	2.9	3.3	1.5	1.5
Poland	1.0	1.1	1.2	0.5	1.1	1.5	1.2	1.0	1.5	1.4	1.2	1.2	1.2
Others	4.8	5.8	6.1	5.9	4.5	5.9	5.7	5.1	8.2	6.6	5.9	5.3	4.7
Total	32.9	31.8	38.3	41.9	35.0	35.2	76.2	34.9	42.1	46.7	36.7	26.9	35.9

Imports by Country

Germany (687 tons), Italy (521 tons) and France (503 tons) were the main suppliers of bearing imports to Spain, with a combined 61% share of total imports.

From September 2022 to September 2023, the biggest increases were in Italy (with a CAGR of +6.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($12M) constituted the largest supplier of bearing to Spain, comprising 33% of total imports. The second position in the ranking was taken by France ($5.9M), with a 16% share of total imports. It was followed by Italy, with a 12% share.

From September 2022 to September 2023, the average monthly rate of growth in terms of value from Germany amounted to +1.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: France (+0.9% per month) and Italy (+5.0% per month).

Imports by Type

In September 2023, ball bearings (1.6K tons) constituted the largest type of bearing supplied to Spain, accounting for a 58% share of total imports. Moreover, ball bearings exceeded the figures recorded for the second-largest type, tapered roller bearings (456 tons), fourfold. The third position in this ranking was held by needle roller bearings (208 tons), with a 7.4% share.

From September 2022 to September 2023, the average monthly growth rate of the volume of import of ball bearings was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: tapered roller bearings (-3.4% per month) and needle roller bearings (+3.1% per month).

In value terms, ball bearings ($19M) constituted the largest type of bearing supplied to Spain, comprising 52% of total imports. The second position in the ranking was taken by tapered roller bearings ($5.8M), with a 16% share of total imports. It was followed by cylindrical roller bearings, with a 10% share.

Import Prices by Country

In September 2023, the bearing price amounted to $12,821 per ton (CIF, Spain), with an increase of 4.7% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 18% month-to-month. As a result, import price attained the peak level of $13,967 per ton. From April 2023 to September 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($20,086 per ton), while the price for India ($7,242 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bearing market in Spain. 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:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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

Spain - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

Spain's Imports of Bearings Surge by 33% to $36M in September 2023

Spain Bearing Imports

Imports by Country

Imports by Type

Import Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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