Denmark: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Denmark

The Danish ball bearing parts market soared to $X in 2021, jumping by 28% against the previous year. Overall, consumption, however, continues to indicate a perceptible reduction. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Ball Bearing Parts Production in Denmark

In value terms, ball bearing parts production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. Ball bearing parts production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Ball Bearing Parts Exports

Exports from Denmark

In 2021, after two years of decline, there was growth in shipments abroad of parts of ball or roller bearings, when their volume increased by 1.4% to X tons. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ball bearing parts exports declined slightly to $X in 2021. Overall, exports, however, saw a pronounced contraction. The growth pace was the most rapid in 2014 when exports increased by 41%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for ball bearing parts exports from Denmark, with a 54% share of total exports. Moreover, ball bearing parts exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was held by the UK (X tons), with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+57.5% per year) and the UK (-20.0% per year).

In value terms, Germany ($X) remains the key foreign market for parts of ball or roller bearings exports from Denmark, comprising 52% of total exports. The second position in the ranking was held by the UK ($X), with a 14% share of total exports. It was followed by the United States, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-6.2% per year) and the United States (+69.0% per year).

Export Prices by Country

In 2021, the average ball bearing parts export price amounted to $X per ton, falling by -3.9% against the previous year. Overall, export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball bearing parts export price increased by +15.5% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50%. The export price peaked at $X per ton in 2020, and then contracted slightly in the following year.

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 UK ($X per ton), while the average price for exports to Thailand ($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 (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Denmark

In 2021, the amount of parts of ball or roller bearings imported into Denmark skyrocketed to X tons, jumping by 16% against the previous year's figure. Over the period under review, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by 44% against the previous year. 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, ball bearing parts imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 47%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of ball bearing parts to Denmark, with a 40% share of total imports. Moreover, ball bearing parts imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-0.8% per year) and the Netherlands (-9.9% per year).

In value terms, Germany ($X) constituted the largest supplier of parts of ball or roller bearings to Denmark, comprising 40% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 16% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-3.3% per year) and the United States (+31.9% per year).

Import Prices by Country

In 2021, the average ball bearing parts import price amounted to $X per ton, growing by 5.3% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball bearing parts import price increased by +59.4% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 51%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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