Denmark - Tapered Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingDenmark: Tapered Roller Bearing Market 2024
Tapered Roller Bearing Market Size in Denmark
The Danish tapered roller bearing market dropped to $X in 2021, flattening at the previous year. In general, consumption, however, showed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.
Tapered Roller Bearing Production in Denmark
In value terms, tapered roller bearing production soared to $X in 2021 estimated in export price. Overall, production recorded a precipitous contraction. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.
Tapered Roller Bearing Exports
Exports from Denmark
In 2021, overseas shipments of tapered roller bearings decreased by -88.3% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 1,055% against the previous year. As a result, the exports attained the peak of X tons, and then shrank rapidly in the following year.
In value terms, tapered roller bearing exports dropped remarkably to $X in 2021. Overall, exports, however, recorded a mild increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,341% against the previous year. As a result, the exports reached the peak of $X, and then declined significantly in the following year.
Exports by Country
Germany (X tons) was the main destination for tapered roller bearing exports from Denmark, with a 47% share of total exports. Moreover, tapered roller bearing exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), fivefold. Brazil (X tons) ranked third in terms of total exports with an 8.5% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to Germany totaled +14.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.7% per year) and Brazil (+1.8% per year).
In value terms, Germany ($X) remains the key foreign market for tapered roller bearings exports from Denmark, comprising 55% of total exports. The second position in the ranking was held by the UK ($X), with a 10% share of total exports. It was followed by Brazil, with a 3.8% share.
From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.5% per year) and Brazil (+11.5% per year).
Export Prices by Country
The average tapered roller bearing export price stood at $X per ton in 2021, surging by 30% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tapered roller bearing export price increased by +61.9% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 35%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Brazil ($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 Spain (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.
Tapered Roller Bearing Imports
Imports into Denmark
In 2021, after two years of growth, there was significant decline in supplies from abroad of tapered roller bearings, when their volume decreased by -22.1% to X tons. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 147%. Over the period under review, imports hit record highs at X tons in 2020, and then plummeted in the following year.
In value terms, tapered roller bearing imports declined slightly to $X in 2021. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 72% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.
Imports by Country
In 2021, Germany (X tons) constituted the largest tapered roller bearing supplier to Denmark, accounting for a 56% share of total imports. Moreover, tapered roller bearing imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 14% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+32.4% per year) and Spain (+73.2% per year).
In value terms, Germany ($X) constituted the largest supplier of tapered roller bearings to Denmark, comprising 68% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by Romania, with a 6.6% share.
From 2012 to 2021, the average annual growth rate of value from Germany stood at +15.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+18.1% per year) and Romania (+214.8% per year).
Import Prices by Country
The average tapered roller bearing import price stood at $X per ton in 2021, rising by 26% against the previous year. In general, the import price, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 27% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($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 China (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the tapered roller bearing market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
Country coverage:
- Denmark
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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