Luxembourg: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Luxembourg

The Luxembourg cylindrical roller bearing market declined notably to $X in 2022, which is down by -67.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports from Luxembourg

Cylindrical roller bearing exports from Luxembourg surged to X tons in 2022, picking up by 131% against 2021 figures. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 with an increase of 149%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, cylindrical roller bearing exports soared to $X in 2022. Over the period under review, exports saw resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 168% against the previous year. The Luxembourg exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. Romania (X tons) held the next position in the ranking, followed by Slovakia (X tons). All these countries together took near 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Luxembourg, comprising 27% of global exports. The second position in the ranking was taken by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Luxembourg stood at $X per ton in 2022, declining by -23.1% against the previous year. Overall, the export price recorded a abrupt setback. The growth pace was the most rapid in 2020 an increase of 34%. The Luxembourg export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($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 (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Luxembourg

In 2022, the amount of cylindrical roller bearings imported into Luxembourg contracted remarkably to X tons, which is down by -52.6% compared with the previous year. In general, imports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. Luxembourg imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, cylindrical roller bearing imports dropped remarkably to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 45%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), Russia (X tons) and Germany (X tons) was the largest importer of cylindrical roller bearings in the world, mixing up 42% of total import. It was distantly followed by the United States (X tons), mixing up a 5.7% share of total imports. The following importers - Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further 23%.

Spain, with a CAGR of +13.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Luxembourg amounted to $X per ton, falling by -10.7% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 30%. Luxembourg import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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