France: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in France

In 2021, the French ball bearing parts market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Ball bearing parts consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ball Bearing Parts Production in France

In value terms, ball bearing parts production soared to $X in 2021 estimated in export price. In general, production, however, faced a deep contraction. Ball bearing parts production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Ball Bearing Parts Exports

Exports from France

In 2021, overseas shipments of parts of ball or roller bearings increased by 19% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, ball bearing parts exports rose remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2018 with an increase of 23%. 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), Sweden (X tons) and Italy (X tons) were the main destinations of ball bearing parts exports from France, together accounting for 53% 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 Italy (with a CAGR of +11.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for ball bearing parts exports from France, comprising 29% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by the United States, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -1.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+3.3% per year) and the United States (-2.7% per year).

Export Prices by Country

In 2021, the average ball bearing parts export price amounted to $X per ton, falling by -4.7% against the previous year. Over the period under review, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2018 an increase of 18%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Latvia ($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 Spain (+5.4%), while the prices for the other major destinations experienced a decline.

Ball Bearing Parts Imports

Imports into France

In 2021, the amount of parts of ball or roller bearings imported into France rose remarkably to X tons, surging by 9.5% compared with the year before. In general, imports saw resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 26% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, ball bearing parts imports surged to $X in 2021. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Italy (X tons), Spain (X tons) and Germany (X tons) were the main suppliers of ball bearing parts imports to France, with a combined 59% share of total imports. These countries were followed by China, Slovakia, Bulgaria, India, South Korea, Romania, Austria and Japan, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were in South Korea (with a CAGR of +127.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Romania ($X) were the largest ball bearing parts suppliers to France, with a combined 46% share of total imports. China, Spain, Slovakia, South Korea, India, Bulgaria, Austria and Japan lagged somewhat behind, together comprising a further 44%.

South Korea, with a CAGR of +100.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2021, picking up by 15% against the previous year. In general, the import price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2013 when the average import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained 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 Romania ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :