Denmark: Tools For Bearing Market 2024

Tools For Bearing Market Size in Denmark

The Danish tools for bearing market soared to $X in 2022, growing by 28% against the previous year. In general, consumption posted strong growth. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Tools For Bearing Production in Denmark

In value terms, tools for bearing production amounted to $X in 2022 estimated in export price. Overall, production saw a significant increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 399% against the previous year. Tools for bearing production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Tools For Bearing Exports

Exports from Denmark

For the sixth year in a row, Denmark recorded growth in overseas shipments of balls, needles and rollers for ball or roller bearings, which increased by 106% to X tons in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 147%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, tools for bearing exports soared to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of 304%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Poland (X tons) was the main destination for tools for bearing exports from Denmark, with a 42% share of total exports. Moreover, tools for bearing exports to Poland exceeded the volume sent to the second major destination, Austria (X tons), threefold. Sweden (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at +117.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+147.9% per year) and Sweden (+38.3% per year).

In value terms, Poland ($X) remains the key foreign market for balls, needles and rollers for ball or roller bearings exports from Denmark, comprising 86% of total exports. The second position in the ranking was taken by Germany ($X), with a 2.9% share of total exports. It was followed by the Netherlands, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value to Poland amounted to +126.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+29.1% per year) and the Netherlands (+61.9% per year).

Export Prices by Country

The average tools for bearing export price stood at $X per ton in 2022, declining by -25.4% against the previous year. Over the period under review, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 124% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted significantly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tools For Bearing Imports

Imports into Denmark

In 2022, approx. X tons of balls, needles and rollers for ball or roller bearings were imported into Denmark; picking up by 77% on 2021 figures. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 82% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, tools for bearing imports soared to $X in 2022. Overall, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2020 when imports increased by 43%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in years to come.

Imports by Country

Belgium (X tons), Italy (X tons) and China (X tons) were the main suppliers of tools for bearing imports to Denmark, with a combined 70% share of total imports. Poland, Germany, India, the Czech Republic and Sweden lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +105.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Poland ($X) appeared to be the largest tools for bearing suppliers to Denmark, with a combined 61% share of total imports.

Among the main suppliers, Poland, with a CAGR of +100.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tools for bearing import price stood at $X per ton in 2022, falling by -23.9% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 2019 an increase of 64% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Sweden (+21.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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