Netherlands: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in the Netherlands

The Dutch needle roller bearing market skyrocketed to $X in 2021, increasing by 36% against the previous year. Over the period under review, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 -1.2% against 2019 indices. Needle roller bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Needle Roller Bearing Production in the Netherlands

In value terms, needle roller bearing production surged to $X in 2021 estimated in export price. In general, production saw prominent growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 109%. Needle roller bearing production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Needle Roller Bearing Exports

Exports from the Netherlands

After three years of decline, shipments abroad of needle roller bearings increased by 12% to X tons in 2021. Over the period under review, total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -37.5% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 47% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, needle roller bearing exports soared to $X in 2021. Overall, exports posted a pronounced increase. The growth pace was the most rapid in 2017 when exports increased by 77%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), the UK (X tons) and Italy (X tons) were the main destinations of needle roller bearing exports from the Netherlands, with a combined 72% share of total exports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +29.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for needle roller bearing exported from the Netherlands were Italy ($X), Germany ($X) and the UK ($X), with a combined 62% share of total exports.

Among the main countries of destination, Italy, with a CAGR of +19.3%, saw the highest growth rate of 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 needle roller bearing export price stood at $X per ton in 2021, surging by 7.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2017 an increase of 20%. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Sweden ($X per ton), while the average price for exports to the UK ($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 Belgium (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Needle Roller Bearing Imports

Imports into the Netherlands

In 2021, the amount of needle roller bearings imported into the Netherlands skyrocketed to X tons, picking up by 17% on the previous year. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by 47%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, needle roller bearing imports rose remarkably to $X in 2021. In general, imports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 76%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Germany (X tons) and Japan (X tons) were the main suppliers of needle roller bearing imports to the Netherlands, together accounting for 62% of total imports.

From 2012 to 2021, the biggest increases were in Turkey (with a CAGR of +208.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest needle roller bearing suppliers to the Netherlands were Germany ($X), Japan ($X) and Belgium ($X), together accounting for 67% of total imports. Poland, the Czech Republic, the United States, Turkey and China lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, the Czech Republic, with a CAGR of +153.5%, recorded the highest growth rate of 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

In 2021, the average needle roller bearing import price amounted to $X per ton, which is down by -5.4% against the previous year. Over the period under review, the import price showed a mild decline. The pace of growth was the most pronounced in 2017 an increase of 19%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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