Denmark: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Denmark

In 2021, after two years of decline, there was significant growth in the Danish market for bearing housings not incorporating ball or roller bearings, plain shaft bearings, when its value increased by 51% to $X. In general, consumption, however, showed a perceptible slump. Bearing housing without ball bearing consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Denmark

In value terms, bearing housing without ball bearing production surged to $X in 2021 estimated in export price. In general, production, however, enjoyed a tangible increase. The pace of growth appeared the most rapid in 2014 with an increase of 1,251%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Denmark

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were exported from Denmark; growing by 6.6% on the previous year's figure. Overall, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 149% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 97%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for bearing housing without ball bearing exports from Denmark, with a 28% share of total exports. Moreover, bearing housing without ball bearing exports to Germany exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by Poland (X tons), with a 4.2% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+23.4% per year) and Poland (+5.5% per year).

In value terms, Germany ($X), China ($X) and France ($X) appeared to be the largest markets for bearing housing without ball bearing exported from Denmark worldwide, with a combined 28% share of total exports. Singapore, the United States, Turkey, the Netherlands, Poland, Italy, South Africa, Finland, Austria and the Czech Republic lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, South Africa, with a CAGR of +87.2%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, rising by 12% against the previous year. In general, the export price recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 203% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($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 United States (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Denmark

In 2021, imports of bearing housings not incorporating ball or roller bearings, plain shaft bearings into Denmark skyrocketed to X tons, growing by 46% on the previous year's figure. In general, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by 52%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, bearing housing without ball bearing imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 38%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bearing housing without ball bearing to Denmark, with a 65% share of total imports. Moreover, bearing housing without ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), sixfold. Germany (X tons) ranked third in terms of total imports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-15.4% per year) and Germany (-15.8% per year).

In value terms, the largest bearing housing without ball bearing suppliers to Denmark were Germany ($X), China ($X) and Spain ($X), with a combined 59% share of total imports. South Korea, Sweden and India lagged somewhat behind, together accounting for a further 13%.

In terms of the main suppliers, South Korea, with a CAGR of +46.4%, recorded the highest growth rate of 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 import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, falling by -12.7% against the previous year. Over the period under review, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2020 an increase of 61% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+23.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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