Denmark: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Denmark

In 2022, after two years of growth, there was decline in the Danish cylindrical roller bearing market, when its value decreased by -0.9% to $X. Overall, consumption posted notable growth. Denmark consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Cylindrical Roller Bearing Production in Denmark

In value terms, cylindrical roller bearing production shrank dramatically to $X in 2022 estimated in export price. Over the period under review, production saw a dramatic curtailment. Denmark production peaked at $X in 2021, and then dropped rapidly in the following year.

Cylindrical Roller Bearing Exports

Exports from Denmark

In 2022, exports of cylindrical roller bearings from Denmark soared to X tons, with an increase of 20% compared with the year before. Overall, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2019 with an increase of 160%. The Denmark exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing exports shrank to $X in 2022. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by 89% against the previous year. The Denmark exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Germany (X tons), China (X tons) and Japan (X tons), together finishing at 53% of total export. It was distantly followed by Romania (X tons) and Slovakia (X tons), together creating a 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Denmark, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

In 2022, the export price in Denmark amounted to $X per ton, declining by -25.4% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cylindrical roller bearing export price increased by +52.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by 71%. As a result, the export price attained the peak level of $X per ton, and then fell notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Denmark

In 2022, overseas purchases of cylindrical roller bearings increased by 4.2% to X tons, rising for the fourth consecutive year after three years of decline. In general, imports recorded a remarkable increase. The growth pace was the most rapid in 2014 when imports increased by 245% against the previous year. Denmark imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, cylindrical roller bearing imports fell modestly to $X in 2022. Overall, imports saw a noticeable expansion. The most prominent rate of growth was recorded in 2014 with an increase of 82% against the previous year. Denmark imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) represented roughly 42% of total imports in 2022. It was distantly followed by the United States (X tons), committing a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into Denmark were China ($X), Germany ($X) and the United States ($X), together accounting for 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Spain, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Denmark amounted to $X per ton, waning by -5.3% against the previous year. Over the period under review, the import price saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 34%. Denmark import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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