Ireland: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Ireland

In 2021, after two years of decline, there was significant growth in the Irish market for bearing housings not incorporating ball or roller bearings, plain shaft bearings, when its value increased by 54% to $X. Overall, consumption showed a perceptible increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Ireland

Bearing housing without ball bearing exports from Ireland soared to X tons in 2021, jumping by 64% on 2020 figures. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2019 with an increase of 135% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. In general, exports enjoyed strong growth. The pace of growth was the most pronounced in 2019 with an increase of 84% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The UK (X tons), the Netherlands (X tons) and the United States (X tons) were the main destinations of bearing housing without ball bearing exports from Ireland, together comprising 41% of total exports. These countries were followed by Saudi Arabia, Italy, New Zealand, Russia, Spain, France, Germany, Greece and Poland, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +134.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing housing without ball bearing exported from Ireland were the UK ($X), the United States ($X) and the Netherlands ($X), together accounting for 47% of total exports. Saudi Arabia, Italy, New Zealand, Russia, Spain, France, Greece, Germany and Poland lagged somewhat behind, together accounting for a further 37%.

New Zealand, with a CAGR of +134.7%, 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

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, falling by -10.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 33% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined 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 United States ($X per ton), while the average price for exports to Poland ($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 (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Ireland

After two years of decline, overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 43% to X tons in 2021. Over the period under review, imports showed a mild expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 81%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, bearing housing without ball bearing imports soared to $X in 2021. In general, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bearing housing without ball bearing to Ireland, accounting for a 67% share of total imports. Moreover, bearing housing without ball bearing imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), eightfold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 5.7% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-5.5% per year) and Taiwan (Chinese) (-4.5% per year).

In value terms, China ($X), the UK ($X) and Germany ($X) appeared to be the largest bearing housing without ball bearing suppliers to Ireland, together accounting for 63% of total imports. The United States, Belgium, Taiwan (Chinese), Italy and Spain lagged somewhat behind, together accounting for a further 19%.

In terms of the main suppliers, Belgium, with a CAGR of +42.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, growing by 18% against the previous year. Over the period under review, the import price continues to indicate a temperate increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by 134%. The import price peaked in 2021 and is likely to see steady growth in years to come.

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 United States ($X per ton), while the price for Taiwan (Chinese) ($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 United States (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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