Italy: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Italy

The Italian market for bearing housings incorporating ball or roller bearings contracted to $X in 2022, shrinking by -7.7% against the previous year. In general, consumption, however, enjoyed a resilient expansion. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Italy

In value terms, bearing housing with ball bearing production shrank rapidly to $X in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, production reached the peak level of $X, and then fell markedly in the following year.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Italy

In 2022, bearing housing with ball bearing exports from Italy declined modestly to X tons, flattening at the year before. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 26% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing housing with ball bearing exports amounted to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 29%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Belgium (X tons), France (X tons) and China (X tons) were the main destinations of bearing housing with ball bearing exports from Italy, with a combined 47% share of total exports. Malaysia, Mexico, Germany, the United States, Sweden, the Netherlands, Turkey, Finland, the Czech Republic and Spain lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +100.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from Italy, comprising 24% of total exports. The second position in the ranking was held by France ($X), with a 9.9% share of total exports. It was followed by the United States, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Belgium amounted to -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.7% per year) and the United States (+6.6% per year).

Export Prices by Country

The average export price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, increasing by 1.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 12%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Italy

Bearing housing with ball bearing imports into Italy surged to X tons in 2022, with an increase of 20% compared with the previous year. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 36% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, bearing housing with ball bearing imports surged to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest bearing housing with ball bearing supplier to Italy, accounting for a 66% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), sevenfold. The third position in this ranking was held by Serbia (X tons), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.0% per year) and Serbia (+3.0% per year).

In value terms, China ($X) constituted the largest supplier of bearing housings incorporating ball or roller bearings to Italy, comprising 43% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.7% per year) and the Netherlands (+3.3% per year).

Import Prices by Country

In 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, picking up by 4% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 an increase of 6.7% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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