Belgium: Bearing Market 2025

Bearing Market Size in Belgium

The Belgian bearing market soared to $X in 2021, growing by 25% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded buoyant growth. Bearing consumption peaked in 2021 and is expected to retain growth in the near future.

Bearing Exports

Exports from Belgium

For the third consecutive year, Belgium recorded growth in overseas shipments of ball and roller bearings, which increased by 13% to X tons in 2021. In general, exports, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 238%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, bearing exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 242% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Turkey (X tons) and Italy (X tons) were the main destinations of bearing exports from Belgium, together comprising 42% of total exports. These countries were followed by France, Poland, the Netherlands, Sweden, Brazil, Spain, Japan, Austria, Finland and the Czech Republic, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +26.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing exported from Belgium were Germany ($X), Italy ($X) and France ($X), with a combined 38% share of total exports. Turkey, Poland, the Netherlands, Sweden, Spain, Austria, Japan, Finland, Brazil and the Czech Republic lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Japan, with a CAGR of +19.4%, saw 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 average bearing export price stood at $X per ton in 2021, growing by 3.4% against the previous year. Overall, the export price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2015 an increase of 7.6% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Belgium

In 2021, supplies from abroad of ball and roller bearings increased by 19% to X tons, rising for the sixth year in a row after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 51%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bearing imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 56% against the previous year. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), France (X tons) and Sweden (X tons) were the main suppliers of bearing imports to Belgium, with a combined 87% share of total imports. Italy, the UK, Austria and China lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing suppliers to Belgium were Germany ($X), Sweden ($X) and France ($X), together accounting for 60% of total imports. These countries were followed by Italy, the UK, Austria and China, which together accounted for a further 27%.

Among the main suppliers, Austria, with a CAGR of +9.5%, 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

In 2021, the average bearing import price amounted to $X per ton, approximately mirroring the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 8.1%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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