Luxembourg: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Luxembourg

In 2021, the Luxembourg market for bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach $X after three years of decline. Over the period under review, the total consumption indicated a modest increase from 2012 to 2021: its value 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. Based on 2021 figures, consumption decreased by -28.9% against 2017 indices. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Luxembourg

In 2021, bearing housing without ball bearing exports from Luxembourg totaled X tons, picking up by 12% against 2020 figures. Overall, exports posted a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 262% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing exports rose markedly to $X in 2021. Over the period under review, exports posted prominent growth. The growth pace was the most rapid in 2018 with an increase of 96%. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons), France (X tons) and Italy (X kg) were the main destinations of bearing housing without ball bearing exports from Luxembourg, together comprising 40% of total exports. These countries were followed by Germany, the UK, Spain, Turkey, Belgium, China, Egypt, Canada, Japan and the Czech Republic, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +57.5%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Germany ($X) were the largest markets for bearing housing without ball bearing exported from Luxembourg worldwide, with a combined 31% share of total exports. Italy, the United States, Spain, China, Japan, the Czech Republic, Turkey, Belgium, Canada and Egypt lagged somewhat behind, together comprising a further 32%.

Among the main countries of destination, Egypt, with a CAGR of +94.9%, 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 average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, falling by -6% against the previous year. Overall, the export price recorded a pronounced decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by 80%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($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 China (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Luxembourg

In 2021, supplies from abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 93%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, bearing housing without ball bearing imports totaled $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 -17.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 53% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of bearing housing without ball bearing to Luxembourg, with a 73% share of total imports. Moreover, bearing housing without ball bearing imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), eightfold. China (X tons) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.2% per year) and China (+37.5% per year).

In value terms, Germany ($X), China ($X) and the United States ($X) were the largest bearing housing without ball bearing suppliers to Luxembourg, together comprising 73% of total imports.

China, with a CAGR of +51.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, declining by -28% against the previous year. Overall, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +7.4% 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 2013 an increase of 76%. The import price peaked at $X per ton in 2020, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany ($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 (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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