Belgium: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Belgium

The Belgian cylindrical roller bearing market contracted significantly to $X in 2022, with a decrease of -48.3% 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). Overall, consumption showed a mild downturn. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Cylindrical Roller Bearing Exports

Exports from Belgium

In 2022, overseas shipments of cylindrical roller bearings decreased by -77.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports faced a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 202% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, cylindrical roller bearing exports contracted notably to $X in 2022. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when exports increased by 140%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. It was distantly followed by Romania (X tons) and Slovakia (X tons), together making up a 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Belgium, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in Belgium amounted to $X per ton, growing by 44% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($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 (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Belgium

In 2022, overseas purchases of cylindrical roller bearings decreased by -48.1% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a pronounced reduction. The growth pace was the most rapid in 2021 with an increase of 53% against the previous year. As a result, imports reached the peak of X tons, and then dropped notably in the following year.

In value terms, cylindrical roller bearing imports contracted notably to $X in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2020 with an increase of 40%. Belgium imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), Russia (X tons) and Germany (X tons) represented the major importer of cylindrical roller bearings in the world, constituting 42% of total import. It was distantly followed by the United States (X tons), mixing up a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Spain, with a CAGR of +13.7%, saw the highest rates of growth with regard to 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

The import price in Belgium stood at $X per ton in 2022, waning by -28.2% against the previous year. Over the period under review, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of 8.1%. Belgium import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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