France: Bearing Market 2024

Bearing Market Size in France

In 2021, the French bearing market increased by 15% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, continues to indicate a abrupt curtailment. Bearing consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bearing Production in France

In value terms, bearing production declined to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2017 with an increase of 11%. Bearing production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Bearing Exports

Exports from France

In 2021, bearing exports from France skyrocketed to X tons, with an increase of 16% against the previous year. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, bearing exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main destinations of bearing exports from France, together comprising 3.5% of total exports. The United States, Belgium, Spain, the UK, Turkey, Sweden, Poland, Romania, Denmark and South Korea lagged somewhat behind, together accounting for a further 3.5%.

From 2012 to 2020, the biggest increases were recorded for Denmark (with a CAGR of +23.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing exported from France were Germany ($X), Italy ($X) and China ($X), with a combined 43% share of total exports. The United States, Belgium, Spain, the UK, Turkey, Sweden, Poland, Romania, Denmark and South Korea lagged somewhat behind, together accounting for a further 42%.

Denmark, with a CAGR of +14.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

The average bearing export price stood at $X per ton in 2020, surging by 1.9% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 36%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2020, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2020, amid the top suppliers, the countries with the highest prices were Sweden ($X per ton) and Romania ($X per ton), while the average price for exports to South Korea ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-7.8%), while the prices for the other major destinations experienced a decline.

Bearing Imports

Imports into France

Bearing imports into France skyrocketed to X tons in 2021, picking up by 17% compared with the previous year's figure. Over the period under review, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, bearing imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of bearing imports to France, with a combined 1.2% share of total imports. These countries were followed by Romania, the United States, the Netherlands, Spain, Japan, Slovakia, Belgium, India, Poland and the UK, which together accounted for a further 1.3%.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +41.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing suppliers to France were Germany ($X), Italy ($X) and China ($X), with a combined 64% share of total imports. These countries were followed by Romania, the United States, the Netherlands, Spain, Japan, Slovakia, Belgium, India, Poland and the UK, which together accounted for a further 73%.

The Netherlands, with a CAGR of +20.0%, 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 more modest paces of growth.

Import Prices by Country

In 2020, the average bearing import price amounted to $X per ton, waning by -9.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 33%. As a result, import price reached the peak level of $X per ton. From 2019 to 2020, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the countries with the highest prices were Romania ($X per ton) and India ($X per ton), while the price for Slovakia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Belgium (-15.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :