Belgium: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Belgium

The Belgian ball bearing parts market skyrocketed to $X in 2021, growing by 29% against the previous year. Over the period under review, the total consumption indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.5% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Ball Bearing Parts Production in Belgium

In value terms, ball bearing parts production surged to $X in 2021 estimated in export price. Over the period under review, production posted a prominent increase. The growth pace was the most rapid in 2014 when the production volume increased by 51% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Ball Bearing Parts Exports

Exports from Belgium

In 2021, the amount of parts of ball or roller bearings exported from Belgium fell to X tons, with a decrease of -1.9% against the previous year's figure. In general, exports saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 239% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing parts exports surged to $X in 2021. Overall, exports saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 177%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the UK (X tons) and France (X tons) were the main destinations of ball bearing parts exports from Belgium, together accounting for 57% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +11.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for parts of ball or roller bearings exports from Belgium, comprising 35% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by France, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.3% per year) and France (-14.5% per year).

Export Prices by Country

The average ball bearing parts export price stood at $X per ton in 2021, jumping by 22% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($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 the United States (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Belgium

In 2021, overseas purchases of parts of ball or roller bearings increased by 41% to X tons, rising for the fourth consecutive year after five years of decline. In general, imports, however, showed a perceptible slump. The growth pace was the most rapid in 2020 with an increase of 55% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ball bearing parts imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 67%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and China (X tons) were the main suppliers of ball bearing parts imports to Belgium, with a combined 74% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +41.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing parts suppliers to Belgium were Sweden ($X), Germany ($X) and France ($X), together accounting for 74% of total imports. These countries were followed by China, the Netherlands, the United States and Poland, which together accounted for a further 13%.

China, with a CAGR of +37.1%, 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 mixed trend patterns.

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2021, with a decrease of -13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 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 United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+6.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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