Denmark: Bearing Market 2024

Bearing Market Size in Denmark

The Danish bearing market reduced rapidly to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Bearing Production in Denmark

In value terms, bearing production shrank significantly to $X in 2022 estimated in export price. In general, production, however, posted mild growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then contracted significantly in the following year.

Bearing Exports

Exports from Denmark

In 2022, the amount of ball or roller bearings exported from Denmark expanded remarkably to X tons, picking up by X% against 2021. Overall, exports posted a measured expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, bearing exports fell modestly to $X in 2022. Over the period under review, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), the United States (X tons) and Brazil (X tons) were the main destinations of bearing exports from Denmark, with a combined X% share of total exports. New Zealand, Australia, China, Slovakia, Sweden, Latvia, the UK, the Netherlands, Austria and Ireland lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest markets for bearing exported from Denmark worldwide, with a combined X% share of total exports. Sweden, Brazil, the UK, Australia, China, Slovakia, New Zealand, Latvia, Ireland and Austria lagged somewhat behind, together accounting for a further X%.

Ireland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bearing export price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the export price, however, continues to indicate a noticeable shrinkage. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Brazil ($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 UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Denmark

In 2022, the amount of ball or roller bearings imported into Denmark shrank markedly to X tons, dropping by X% against the year before. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2021, and then dropped significantly in the following year.

In value terms, bearing imports dropped remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Imports peaked at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Germany (X tons), China (X tons) and France (X tons) were the main suppliers of bearing imports to Denmark, together comprising X% of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ball or roller bearings to Denmark, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by France, with a X% share.

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

Import Prices by Country

In 2021, the average bearing import price amounted to $X per ton, reducing by X% against the previous year. In general, the import price recorded a perceptible decline. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 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 Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :