Denmark: Roller Bearing Market 2024

Roller Bearing Market Size in Denmark

In 2022, the Danish roller bearing market decreased by -84.2% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, recorded a measured expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Roller Bearing Production in Denmark

In value terms, roller bearing production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 11% against the previous year. Denmark production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Roller Bearing Exports

Exports from Denmark

In 2022, the amount of roller bearings exported from Denmark soared to X tons, rising by 67% on 2021 figures. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 98%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, roller bearing exports surged to $X in 2022. Overall, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2013 with an increase of 63% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, China (X tons) represented the major exporter of roller bearings, achieving 43% of total exports. Singapore (X tons) held the second position in the ranking, followed by Germany (X tons), France (X tons), Slovakia (X tons) and the United States (X tons). All these countries together took approx. 30% share of total exports. Italy (X tons), South Korea (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Turkey (X tons), Austria (X tons) and Romania (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to roller bearing exports from China stood at +22.6%. At the same time, Indonesia (+35.7%), Turkey (+8.5%), Singapore (+1.2%) and Slovakia (+1.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.7% from 2012-2022. By contrast, Italy (-1.9%), Germany (-2.0%), France (-2.2%), South Korea (-9.7%), Hong Kong SAR (-13.7%), the United States (-18.4%), Austria (-22.3%) and Romania (-22.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Indonesia increased by +37 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Singapore ($X) and Germany ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 45% share of total exports. Italy, the United States, France, Hong Kong SAR, Slovakia, South Korea, Austria, Turkey, Indonesia and Romania lagged somewhat behind, together comprising a further 31%.

Indonesia, with a CAGR of +16.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Denmark amounted to $X per ton, declining by -17.4% against the previous year. Over the period under review, the export price showed a abrupt descent. The growth pace was the most rapid in 2018 an increase of 34% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Denmark

After four years of growth, supplies from abroad of roller bearings decreased by -82.1% to X tons in 2022. Over the period under review, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2018 with an increase of 529% against the previous year. Denmark imports peaked at X tons in 2021, and then shrank remarkably in the following year.

In value terms, roller bearing imports fell rapidly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 284% against the previous year. Denmark imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented roughly 32% of total imports in 2022. It was distantly followed by Germany (X tons), mixing up a 6.2% share of total imports. The following importers - India (X tons), Italy (X tons), Canada (X tons), Malaysia (X tons), Spain (X tons), South Korea (X tons), France (X tons), Singapore (X tons), Poland (X tons) and Austria (X tons) - together made up 25% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Germany ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 24% share of total imports.

Indonesia, with a CAGR of +4.2%, recorded 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

The import price in Denmark stood at $X per ton in 2022, with an increase of 14% against the previous year. In general, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the import price increased by 49%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Thailand ($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 (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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