Italy: Bearing Market 2024

Bearing Market Size in Italy

The Italian bearing market reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. Bearing consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Bearing Production in Italy

In value terms, bearing production reduced to $X in 2022 estimated in export price. Overall, production recorded a mild decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Bearing production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Bearing Exports

Exports from Italy

In 2022, overseas shipments of ball or roller bearings increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded mild growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing exports reduced slightly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for bearing exports from Italy, with a X% share of total exports. Moreover, bearing exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), twofold. France (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and France (X% per year).

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

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

Export Prices by Country

The average bearing export price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Sweden ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Italy

In 2022, supplies from abroad of ball or roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, bearing imports amounted to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

In 2021, China (X tons) constituted the largest bearing supplier to Italy, accounting for a X% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. France (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, the largest bearing suppliers to Italy were Germany ($X), China ($X) and France ($X), together accounting for X% of total imports. The Netherlands, Belgium, Poland, Taiwan (Chinese), Sweden, Slovakia, India and Bulgaria lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2021, the average bearing import price amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, recorded a slight slump. The pace of growth appeared the most rapid in 2019 an increase of X%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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