Italy: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Italy

In 2021, after two years of decline, there was significant growth in the Italian tapered roller bearing market, when its value increased by 50% to $X. Overall, consumption, however, recorded a perceptible contraction. Tapered roller bearing consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Tapered Roller Bearing Production in Italy

In value terms, tapered roller bearing production fell to $X in 2021 estimated in export price. In general, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when the production volume increased by 54% against the previous year. Tapered roller bearing production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports from Italy

In 2021, after two years of decline, there was growth in overseas shipments of tapered roller bearings, when their volume increased by 1.2% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 16% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, tapered roller bearing exports stood at $X in 2021. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 19% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), France (X tons) and China (X tons) were the main destinations of tapered roller bearing exports from Italy, with a combined 36% share of total exports. India, Spain, the UK, Turkey, the United States, Hungary, Austria, Slovakia, Poland and Brazil lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +36.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tapered roller bearing exported from Italy were Germany ($X), China ($X) and France ($X), with a combined 37% share of total exports. The UK, Spain, India, the United States, Poland, Austria, Brazil, Turkey, Hungary and Slovakia lagged somewhat behind, together comprising a further 40%.

Hungary, with a CAGR of +35.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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 tapered roller bearing export price amounted to $X per ton, picking up by 9.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Turkey ($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 Poland (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Italy

In 2021, purchases abroad of tapered roller bearings was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, tapered roller bearing imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), France (X tons) and Germany (X tons) were the main suppliers of tapered roller bearing imports to Italy, together accounting for 77% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Germany ($X) appeared to be the largest tapered roller bearing suppliers to Italy, together accounting for 73% of total imports.

China, with a CAGR of +18.6%, saw the highest growth rate of 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 tapered roller bearing import price amounted to $X per ton, rising by 6.5% against the previous year. In general, the import price, however, showed a noticeable downturn. Over the period under review, average import prices hit record highs 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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