Luxembourg: Bearing Market 2025

Bearing Market Size in Luxembourg

After three years of decline, the Luxembourg bearing market increased by 18% to $X in 2021. In general, consumption, however, showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Bearing Exports

Exports from Luxembourg

For the fourth consecutive year, Luxembourg recorded growth in shipments abroad of ball and roller bearings, which increased by 16% to X tons in 2021. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 113% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, bearing exports reached $X in 2021. Over the period under review, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 166% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Belgium (X tons) was the main destination for bearing exports from Luxembourg, accounting for a 6.5% share of total exports. Moreover, bearing exports to Belgium exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a 2.8% share.

From 2012 to 2020, the average annual growth rate of volume to Belgium amounted to -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-10.8% per year) and Germany (-3.4% per year).

In value terms, Belgium ($X) remains the key foreign market for ball and roller bearings exports from Luxembourg, comprising 22% of total exports. The second position in the ranking was taken by France ($X), with a 9.9% share of total exports. It was followed by Germany, with a 9.4% share.

From 2012 to 2020, the average annual growth rate of value to Belgium amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.7% per year) and Germany (+12.3% per year).

Export Prices by Country

In 2020, the average bearing export price amounted to $X per ton, growing by 5.9% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 25% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2020, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2020, amid the top suppliers, the highest price was recorded for prices to Belgium ($X per ton) and France ($X per ton), while the average price for exports to Vietnam ($X per ton) and Russia ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Luxembourg

In 2021, the amount of ball and roller bearings imported into Luxembourg surged to X tons, jumping by 23% against the previous year's figure. Over the period under review, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 62%. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, bearing imports expanded sharply to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 28% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Germany (X tons), Belgium (X tons) and the United States (X tons) were the main suppliers of bearing imports to Luxembourg.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of -6.5%), while imports for the other leaders experienced a decline.

In value terms, Germany ($X), Belgium ($X) and the United States ($X) were the largest bearing suppliers to Luxembourg, together comprising 83% of total imports. These countries were followed by France, Japan, the Netherlands, the UK, Sweden and Italy, which together accounted for a further 20%.

The UK, with a CAGR of +15.2%, 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 2020, the average bearing import price amounted to $X per ton, reducing by -8.9% against the previous year. In general, the import price showed a mild decrease. The growth pace was the most rapid in 2018 when the average import price increased by 49% 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 2020, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per ton) and Japan ($X per ton), while the price for the UK ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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