Belgium: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Belgium

After two years of growth, the Belgian market for bearing housings incorporating ball or roller bearings decreased by -37.1% to $X in 2022. Overall, consumption, however, showed a strong expansion. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Belgium

In value terms, bearing housing with ball bearing production expanded modestly to $X in 2022 estimated in export price. In general, production recorded buoyant growth. The growth pace was the most rapid in 2015 with an increase of 130%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of bearing housings incorporating ball or roller bearings, when their volume decreased by -81.7% to X tons. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when exports increased by 260%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced notably in the following year.

In value terms, bearing housing with ball bearing exports declined sharply to $X in 2022. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 144%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for bearing housing with ball bearing exports from Belgium, with a 43% share of total exports. Moreover, bearing housing with ball bearing exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), sixfold. The third position in this ranking was held by France (X tons), with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled -2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-20.7% per year) and France (-19.5% per year).

In value terms, Germany ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from Belgium, comprising 38% of total exports. The second position in the ranking was taken by France ($X), with a 9.2% share of total exports. It was followed by Italy, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-14.5% per year) and Italy (-16.2% per year).

Export Prices by Country

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, with an increase of 43% against the previous year. Over the period under review, the export price showed a moderate expansion. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Belgium

In 2022, after six years of growth, there was significant decline in purchases abroad of bearing housings incorporating ball or roller bearings, when their volume decreased by -64.4% to X tons. In general, imports showed a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by 101% against the previous year. As a result, imports attained the peak of X tons, and then dropped markedly in the following year.

In value terms, bearing housing with ball bearing imports dropped significantly to $X in 2022. Overall, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2019 with an increase of 76%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of bearing housing with ball bearing imports to Belgium, with a combined 77% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +22.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing with ball bearing suppliers to Belgium were Germany ($X), the United States ($X) and France ($X), with a combined 65% share of total imports. Italy, China, the Netherlands and Sweden lagged somewhat behind, together comprising a further 24%.

China, with a CAGR of +13.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, standing approx. at the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 an increase of 19%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($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 (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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