Denmark: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Denmark

The Danish needle roller bearing market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, showed a perceptible shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Needle Roller Bearing Production in Denmark

In value terms, needle roller bearing production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 with an increase of 67%. Needle roller bearing production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Needle Roller Bearing Exports

Exports from Denmark

For the fourth year in a row, Denmark recorded growth in shipments abroad of needle roller bearings, which increased by 20% to X tons in 2021. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 125%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, needle roller bearing exports reached $X in 2021. Over the period under review, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +96.5% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of 30%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Latvia (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of needle roller bearing exports from Denmark, together accounting for 79% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +120.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Latvia ($X) appeared to be the largest markets for needle roller bearing exported from Denmark worldwide, with a combined 57% share of total exports. Poland, China, the United States, Iceland and Belgium lagged somewhat behind, together accounting for a further 23%.

China, with a CAGR of +88.6%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2021, the average needle roller bearing export price amounted to $X per ton, shrinking by -14.4% against the previous year. Overall, the export price faced a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of 16% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Latvia ($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 China (+2.3%), while the prices for the other major destinations experienced a decline.

Needle Roller Bearing Imports

Imports into Denmark

In 2021, after two years of decline, there was significant growth in purchases abroad of needle roller bearings, when their volume increased by 23% to X tons. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 43%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, needle roller bearing imports soared to $X in 2021. Overall, imports, however, saw a perceptible slump. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest needle roller bearing supplier to Denmark, accounting for a 85% share of total imports. Moreover, needle roller bearing imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.0% per year) and Belgium (-9.7% per year).

In value terms, the largest needle roller bearing suppliers to Denmark were China ($X), Germany ($X) and Belgium ($X), together accounting for 82% of total imports.

China, with a CAGR of +7.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average needle roller bearing import price amounted to $X per ton, which is down by -3.1% against the previous year. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 35% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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