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

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

The Benelux market for bearing housings incorporating ball or roller bearings dropped remarkably to $X in 2022, waning by -19.3% against the previous year. In general, consumption, however, recorded a prominent expansion. Over the period under review, the market attained the peak level at $X in 2021, and then dropped notably in the following year.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Benelux

In value terms, bearing housing with ball bearing production reduced modestly to $X in 2022 estimated in export price. Overall, production showed a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 184% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in Benelux

After two years of growth, overseas shipments of bearing housings incorporating ball or roller bearings decreased by -46.9% to X tons in 2022. Overall, exports continue to indicate a pronounced descent. The growth pace was the most rapid in 2020 with an increase of 77% against the previous year. The volume of export peaked at X tons in 2021, and then dropped significantly in the following year.

In value terms, bearing housing with ball bearing exports declined significantly to $X in 2022. Over the period under review, exports saw a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of 62%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the Netherlands (X tons) represented the major exporter of bearing housings incorporating ball or roller bearings, mixing up 80% of total exports. It was distantly followed by Belgium (X tons), making up a 20% share of total exports.

The Netherlands was also the fastest-growing in terms of the bearing housings incorporating ball or roller bearings exports, with a CAGR of +4.7% from 2012 to 2022. Belgium (-14.8%) illustrated a downward trend over the same period. While the share of the Netherlands (+46 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (-46.5 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) emerged as the largest bearing housing with ball bearing supplier in Benelux, comprising 74% of total exports. The second position in the ranking was held by Belgium ($X), with a 25% share of total exports.

In the Netherlands, bearing housing with ball bearing exports expanded at an average annual rate of +3.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per ton, rising by 13% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 15%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.7%).

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in Benelux

In 2022, supplies from abroad of bearing housings incorporating ball or roller bearings decreased by -37% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. As a result, imports reached the peak of X tons, and then declined notably in the following year.

In value terms, bearing housing with ball bearing imports shrank rapidly to $X in 2022. Overall, imports saw a noticeable decline. The growth pace was the most rapid in 2017 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined dramatically in the following year.

Imports by Country

The Netherlands was the key importing country with an import of about X tons, which resulted at 61% of total imports. It was distantly followed by Belgium (X tons), constituting a 39% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +3.9%).

In value terms, the Netherlands ($X) constitutes the largest market for imported bearing housings incorporating ball or roller bearings in Benelux, comprising 68% of total imports. The second position in the ranking was held by Belgium ($X), with a 31% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands was relatively modest.

Import Prices by Country

In 2022, the import price in Benelux amounted to $X per ton, remaining relatively unchanged against the previous year. In general, the import price, however, continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2019 an increase of 9.4% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-4.4%).

Source: IndexBox Platform