Report Update Nov 1, 2024

Ireland - Spherical Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Ireland

In 2021, the Irish spherical roller bearing market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, recorded a pronounced contraction. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Ireland

In 2021, spherical roller bearing exports from Ireland surged to X tons, with an increase of 39% against the previous year. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 716% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, spherical roller bearing exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 407%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), the UK (X tons) and Brazil (X kg) were the main destinations of spherical roller bearing exports from Ireland, together accounting for 85% 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 the UK (with a CAGR of +30.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for spherical roller bearings exports from Ireland, comprising 70% of total exports. The second position in the ranking was taken by the UK ($X), with a 19% share of total exports. It was followed by Denmark, with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +40.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+31.9% per year) and Denmark (-2.2% per year).

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, surging by 197% against the previous year. In general, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Brazil ($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 Germany (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into Ireland

In 2021, overseas purchases of spherical roller bearings increased by 32% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 1,943%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, spherical roller bearing imports skyrocketed to $X in 2021. Over the period under review, imports, however, showed a noticeable downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 38%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark (X tons), France (X tons) and the UK (X tons) were the main suppliers of spherical roller bearing imports to Ireland, together accounting for 68% of total imports. These countries were followed by Belgium, China, the Netherlands and Germany, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +88.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Belgium ($X) and Germany ($X) were the largest spherical roller bearing suppliers to Ireland, together accounting for 50% of total imports.

Among the main suppliers, Belgium, with a CAGR of +88.8%, 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 spherical roller bearing import price stood at $X per ton in 2021, with a decrease of -4.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 1,637% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then dropped slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spherical roller bearings in the world?

The country with the largest volume of spherical roller bearing consumption was China, accounting for 24% of total volume. Moreover, spherical roller bearing consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.1% share.

What are the largest producers of spherical roller bearings in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, with a combined 41% share of global production. Sweden, Germany, India, Romania, South Africa, Russia, France, Malaysia and the UK lagged somewhat behind, together accounting for a further 45%.

What are the leading suppliers of spherical roller bearings to Ireland?

In value terms, the largest spherical roller bearing suppliers to Ireland were Denmark, Belgium and Germany, together comprising 50% of total imports.

What are the leading importers of spherical roller bearings from Ireland?

In value terms, Germany emerged as the key foreign market for spherical roller bearing exports from Ireland, comprising 70% of total exports. The second position in the ranking was occupied by the UK, with a 19% share of total exports.

What is the average export price for spherical roller bearings in Ireland?

The average spherical roller bearing export price stood at $17,731 per ton in 2021, with a decrease of -36.7% against the previous year.

What is the average import price for spherical roller bearings in Ireland?

In 2021, the average spherical roller bearing import price amounted to $38,871 per ton, growing by 29% against the previous year.

This report provides an in-depth analysis of the spherical roller bearing market in Ireland. 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 28151055 - Spherical roller bearings

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023