Belgium: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Belgium

The Belgian tapered roller bearing market was estimated at $X in 2021, rising by 9% against the previous year. The market value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Tapered Roller Bearing Production in Belgium

In value terms, tapered roller bearing production totaled $X in 2021 estimated in export price. Over the period under review, production faced a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the production volume increased by 116% against the previous year. Tapered roller bearing production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Tapered Roller Bearing Exports

Exports from Belgium

In 2021, shipments abroad of tapered roller bearings increased by 24% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 135%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, tapered roller bearing exports soared to $X in 2021. Overall, exports, however, saw a drastic downturn. The growth pace was the most rapid in 2020 when exports increased by 121% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for tapered roller bearing exports from Belgium, with a 27% share of total exports. Moreover, tapered roller bearing exports to Germany exceeded the volume sent to the second major destination, Brazil (X tons), twofold. Turkey (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+8.1% per year) and Turkey (+0.8% per year).

In value terms, Germany ($X), Turkey ($X) and France ($X) appeared to be the largest markets for tapered roller bearing exported from Belgium worldwide, together comprising 34% of total exports.

Among the main countries of destination, Turkey, with a CAGR of +0.5%, 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 mixed trend patterns.

Export Prices by Country

The average tapered roller bearing export price stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price, however, saw a mild decrease. The pace of growth was the most pronounced in 2015 an increase of 27% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Russia ($X per ton), while the average price for exports to Germany ($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 Russia (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Belgium

In 2021, supplies from abroad of tapered roller bearings increased by 17% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a slight reduction. The growth pace was the most rapid in 2020 with an increase of 29% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, tapered roller bearing imports stood at $X in 2021. In general, imports, however, recorded a noticeable decline. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), Austria (X tons) and France (X tons) were the main suppliers of tapered roller bearing imports to Belgium, together comprising 75% of total imports.

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 +15.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of tapered roller bearings to Belgium, comprising 41% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Austria, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.5% per year) and Austria (+16.8% per year).

Import Prices by Country

The average tapered roller bearing import price stood at $X per ton in 2021, falling by -12.8% against the previous year. Overall, the import price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 an increase of 7.2% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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