Benelux: Ball Bearing Market 2024

Ball Bearing Market Size in Benelux

In 2021, after two years of decline, there was significant growth in the Benelux ball bearing market, when its value increased by 45% to $X. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Ball Bearing Production in Benelux

In value terms, ball bearing production expanded rapidly to $X in 2021 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -26.7% against 2018 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 41%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Ball Bearing Exports

Exports in Benelux

In 2021, approx. X tons of ball bearings were exported in Benelux; rising by 7% against 2020 figures. The total export volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 21% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing exports surged to $X in 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 26%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the Netherlands (X tons) represented the largest exporter of ball bearings, generating 78% of total exports. It was distantly followed by Belgium (X tons), committing a 22% share of total exports.

The Netherlands was also the fastest-growing in terms of the ball bearings exports, with a CAGR of +5.5% from 2012 to 2021. Belgium (-4.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +20 percentage points.

In value terms, the Netherlands ($X) remains the largest ball bearing supplier in Benelux, comprising 70% of total exports. The second position in the ranking was held by Belgium ($X), with a 29% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the Netherlands stood at +2.8%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, rising by 13% against the previous year. In general, the export price, however, continues to indicate a perceptible descent. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Belgium ($X per ton), while the Netherlands stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.8%).

Ball Bearing Imports

Imports in Benelux

For the sixth consecutive year, Benelux recorded growth in overseas purchases of ball bearings, which increased by 45% to X tons in 2021. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +107.1% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing imports soared to $X in 2021. In general, imports enjoyed a slight expansion. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Netherlands (X tons) and Belgium (X tons) represented the main importer of ball bearings in Benelux, mixing up 100% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belgium (with a CAGR of +6.4%).

In value terms, the largest ball bearing importing markets in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main importing countries, the Netherlands, with a CAGR of +3.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, reducing by -14.6% against the previous year. Over the period under review, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2020 when the import price increased by 6% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (-2.0%).

Source: IndexBox Platform