Report Update Nov 1, 2024

Luxembourg - Spherical Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Luxembourg: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Luxembourg

In 2021, after two years of growth, there was significant decline in the Luxembourg spherical roller bearing market, when its value decreased by -40.9% to $X. Over the period under review, consumption continues to indicate a noticeable contraction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Spherical Roller Bearing Exports

Exports from Luxembourg

In 2021, approx. X tons of spherical roller bearings were exported from Luxembourg; rising by 191% compared with the year before. In general, exports recorded a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 428%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, spherical roller bearing exports soared to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), Oman (X tons) and the United States (X kg) were the main destinations of spherical roller bearing exports from Luxembourg, together comprising 89% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Oman (with a CAGR of +266.9%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Oman ($X) and the United States ($X) were the largest markets for spherical roller bearing exported from Luxembourg worldwide, together accounting for 75% of total exports.

Oman, with a CAGR of +153.4%, recorded the highest growth rate of the value of exports, among 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

The average spherical roller bearing export price stood at $X per ton in 2021, dropping by -22% against the previous year. Over the period under review, the export price recorded a slight shrinkage. The growth pace was the most rapid in 2020 an increase of 215%. 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 United States ($X per ton), while the average price for exports to Turkey ($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 Turkey (+71.7%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into Luxembourg

In 2021, imports of spherical roller bearings into Luxembourg plummeted to X tons, waning by -19% compared with 2020. In general, imports showed a noticeable slump. The pace of growth was the most pronounced in 2019 when imports increased by 104% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, spherical roller bearing imports declined dramatically to $X in 2021. Over the period under review, imports recorded a mild descent. The pace of growth appeared the most rapid in 2019 when imports increased by 63% against the previous year. Imports peaked at $X in 2020, and then contracted markedly in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of spherical roller bearing to Luxembourg, accounting for a 58% share of total imports. Moreover, spherical roller bearing imports from Germany exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-10.9% per year) and Italy (+70.0% per year).

In value terms, Germany ($X), Belgium ($X) and France ($X) were the largest spherical roller bearing suppliers to Luxembourg, together accounting for 92% of total imports. These countries were followed by Sweden, Italy and the Netherlands, which together accounted for a further 7.6%.

Among the main suppliers, Italy, with a CAGR of +52.7%, 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 average spherical roller bearing import price stood at $X per ton in 2021, shrinking by -13.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 57% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Sweden ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+33.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spherical roller bearings in the world?

China remains the largest spherical roller bearing consuming country worldwide, comprising approx. 24% of total volume. Moreover, spherical roller bearing consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.1% share.

What are the largest producers of spherical roller bearings in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, together comprising 41% of global production. These countries were followed by Sweden, Germany, India, Romania, South Africa, Russia, France, Malaysia and the UK, which together accounted for a further 45%.

What are the leading suppliers of spherical roller bearings to Luxembourg?

In value terms, the largest spherical roller bearing suppliers to Luxembourg were Germany, Belgium and France, together accounting for 91% of total imports. Italy and the Netherlands lagged somewhat behind, together accounting for a further 4.5%.

What are the leading importers of spherical roller bearings from Luxembourg?

In value terms, Belgium remains the key foreign market for spherical roller bearing exports from Luxembourg, comprising 51% of total exports. The second position in the ranking was occupied by the United States, with a 15% share of total exports. It was followed by France, with an 8.1% share.

What is the average export price for spherical roller bearings in Luxembourg?

In 2021, the average spherical roller bearing export price amounted to $61,008 per ton, increasing by 9.5% against the previous year.

What is the average import price for spherical roller bearings in Luxembourg?

In 2021, the average spherical roller bearing import price amounted to $32,152 per ton, waning by -14.4% against the previous year.

This report provides an in-depth analysis of the spherical roller bearing market in Luxembourg. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28151055 - Spherical roller bearings

Country coverage:

Luxembourg

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Luxembourg
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023