Italy: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Italy

The Italian needle roller bearing market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Needle Roller Bearing Production in Italy

In value terms, needle roller bearing production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 42% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Needle Roller Bearing Exports

Exports from Italy

In 2021, after two years of decline, there was significant growth in shipments abroad of needle roller bearings, when their volume increased by 7.3% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 58% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, needle roller bearing exports skyrocketed to $X in 2021. In general, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2017 with an increase of 67%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Brazil (X tons) and France (X tons) were the main destinations of needle roller bearing exports from Italy, with a combined 54% share of total exports. These countries were followed by India, Spain, China, Finland, Austria, Poland, the United States, the UK, Belgium and Turkey, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +30.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and China ($X) appeared to be the largest markets for needle roller bearing exported from Italy worldwide, together comprising 41% of total exports.

In terms of the main countries of destination, China, with a CAGR of +40.0%, saw the highest growth rate of the value of exports, 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 needle roller bearing export price amounted to $X per ton, with an increase of 8.3% against the previous year. Overall, export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, needle roller bearing export price increased by +119.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Brazil ($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 Turkey (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Needle Roller Bearing Imports

Imports into Italy

In 2021, supplies from abroad of needle roller bearings decreased by -6.3% to X tons, falling for the third year in a row after two years of growth. Over the period under review, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -37.4% against 2018 indices. The pace of growth was the most pronounced in 2018 when imports increased by 46% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, needle roller bearing imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when imports increased by 23% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of needle roller bearing imports to Italy, together accounting for 81% of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +26.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of needle roller bearing to Italy, comprising 48% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total imports. It was followed by France, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+20.1% per year) and France (+10.4% per year).

Import Prices by Country

In 2021, the average needle roller bearing import price amounted to $X per ton, surging by 22% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood 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 the Netherlands ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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