Netherlands: Roller Bearing Market 2024

Roller Bearing Market Size in the Netherlands

The Dutch roller bearing market fell significantly to $X in 2022, shrinking by -92.3% against the previous year. Over the period under review, consumption saw a precipitous setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Roller Bearing Production in the Netherlands

In value terms, roller bearing production contracted slightly to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 8.7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Roller Bearing Exports

Exports from the Netherlands

Roller bearing exports from the Netherlands rose rapidly to X tons in 2022, increasing by 6.6% on the year before. Overall, exports saw prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 307% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, roller bearing exports skyrocketed to $X in 2022. In general, exports saw a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by 192%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, China (X tons) was the main exporter of roller bearings, making up 43% of total exports. Singapore (X tons) took the second position in the ranking, followed by Germany (X tons), France (X tons), Slovakia (X tons) and the United States (X tons). All these countries together took near 30% share of total exports. Italy (X tons), South Korea (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Turkey (X tons), Austria (X tons) and Romania (X tons) held a relatively small share of total exports.

Exports from China increased at an average annual rate of +22.6% from 2012 to 2022. At the same time, Indonesia (+35.7%), Turkey (+8.5%), Singapore (+1.2%) and Slovakia (+1.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.7% from 2012-2022. By contrast, Italy (-1.9%), Germany (-2.0%), France (-2.2%), South Korea (-9.7%), Hong Kong SAR (-13.7%), the United States (-18.4%), Austria (-22.3%) and Romania (-22.4%) illustrated a downward trend over the same period. While the share of China (+37 p.p.) and Indonesia (+2.2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Italy (-1.5 p.p.), Germany (-2.6 p.p.), France (-2.7 p.p.), Romania (-4.9 p.p.), Hong Kong SAR (-6 p.p.), South Korea (-6.3 p.p.), the United States (-6.4 p.p.) and Austria (-7.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing supplying countries from the Netherlands were China ($X), Singapore ($X) and Germany ($X), together comprising 45% of total exports. Italy, the United States, France, Hong Kong SAR, Slovakia, South Korea, Austria, Turkey, Indonesia and Romania lagged somewhat behind, together accounting for a further 31%.

In terms of the main exporting countries, Indonesia, with a CAGR of +16.1%, recorded 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 export price in the Netherlands stood at $X per ton in 2022, increasing by 25% against the previous year. In general, the export price, however, showed a pronounced setback. The the Netherlands export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into the Netherlands

In 2022, overseas purchases of roller bearings decreased by -13.8% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 276% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, roller bearing imports plummeted to $X in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 17%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) and Indonesia (X tons) represented the major importers of roller bearingsin the world, together accounting for near 32% of total imports. It was distantly followed by Germany (X tons), comprising a 6.2% share of total imports. The following importers - India (X tons), Italy (X tons), Canada (X tons), Malaysia (X tons), Spain (X tons), South Korea (X tons), France (X tons), Singapore (X tons), Poland (X tons) and Austria (X tons) - together made up 25% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Germany ($X) and India ($X) constituted the countries with the highest levels of imports in 2022, with a combined 24% share of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +4.2%, 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

In 2022, the import price in the Netherlands amounted to $X per ton, with a decrease of -26% against the previous year. Overall, the import price, however, continues to indicate a notable expansion. The most prominent rate of growth was recorded in 2015 an increase of 362%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then contracted markedly in the following year.

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 Canada ($X per ton), while Thailand ($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 (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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