Italy: Roller Bearing Market 2024

Roller Bearing Market Size in Italy

The Italian roller bearing market shrank slightly to $X in 2022, with a decrease of -4.8% against the previous year. Over the period under review, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +24.2% against 2020 indices. Italy consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Roller Bearing Production in Italy

In value terms, roller bearing production shrank to $X in 2022 estimated in export price. In general, the total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +6.7% against 2019 indices. The growth pace was the most rapid in 2013 when the production volume increased by 61%. Italy production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Roller Bearing Exports

Exports from Italy

In 2022, roller bearing exports from Italy fell to X tons, dropping by -3% against the previous year. In general, exports continue to indicate a mild downturn. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, roller bearing exports fell modestly to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. As a result, the exports attained the peak of $X, and then fell modestly in the following year.

Exports by Country

China was the largest exporter of roller bearings in the world, with the volume of exports reaching X tons, which was near 43% of total exports in 2022. It was distantly followed by Singapore (X tons), Germany (X tons), France (X tons), Slovakia (X tons) and the United States (X tons), together mixing up a 30% share of total exports. The following exporters - South Korea (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Turkey (X tons), Austria (X tons), Romania (X tons) and Taiwan (Chinese) (X tons) - together made up 11% of total exports.

From 2012 to 2022, average annual rates of growth with regard to roller bearing exports from China stood at +22.6%. At the same time, Indonesia (+35.7%), Turkey (+8.5%), Singapore (+1.2%) and Slovakia (+1.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.7% from 2012-2022. By contrast, Taiwan (Chinese) (-1.4%), Germany (-2.0%), France (-2.2%), South Korea (-9.7%), Hong Kong SAR (-13.7%), the United States (-18.4%), Austria (-22.3%) and Romania (-22.4%) illustrated a downward trend over the same period. China (+37 p.p.) and Indonesia (+2.2 p.p.) significantly strengthened its position in terms of the global exports, while Germany, France, Romania, Hong Kong SAR, South Korea, the United States and Austria saw its share reduced by -2.6%, -2.7%, -4.9%, -6%, -6.3%, -6.4% and -7.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing supplying countries from Italy were China ($X), Singapore ($X) and Germany ($X), with a combined 45% share of total exports. The United States, France, Hong Kong SAR, Slovakia, South Korea, Taiwan (Chinese), Austria, Turkey, Indonesia and Romania lagged somewhat behind, together accounting for a further 25%.

In terms of the main exporting countries, Indonesia, with a CAGR of +16.1%, saw the highest rates of growth with regard to 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

The export price in Italy stood at $X per ton in 2022, dropping by -1.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2018 when the export price increased by 11% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Italy

In 2022, the amount of roller bearings imported into Italy soared to X tons, surging by 23% against the year before. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 50%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, roller bearing imports expanded notably to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 40%. Italy imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X tons) and Indonesia (X tons) represented the largest importers of roller bearingsaround the world, together constituting 32% of total imports. It was distantly followed by Germany (X tons), comprising a 6.2% share of total imports. The following importers - India (X tons), Canada (X tons), Malaysia (X tons), Spain (X tons), South Korea (X tons), France (X tons), Singapore (X tons), Poland (X tons), Austria (X tons) and Nigeria (X tons) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets into Italy were Indonesia ($X), Germany ($X) and India ($X), with a combined 24% share of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +4.2%, recorded the highest rates of growth with regard to 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 import price in Italy stood at $X per ton in 2022, with a decrease of -13.7% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2014 when the import price increased by 36%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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