Netherlands: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in the Netherlands

In 2021, the Dutch spherical roller bearing market decreased by -1% to $X, falling for the second year in a row after three years of growth. In general, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.6% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Spherical Roller Bearing Production in the Netherlands

In value terms, spherical roller bearing production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a resilient expansion. The growth pace was the most rapid in 2014 with an increase of 134% against the previous year. Spherical roller bearing production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Spherical Roller Bearing Exports

Exports from the Netherlands

In 2021, shipments abroad of spherical roller bearings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 28%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, spherical roller bearing exports surged to $X in 2021. The total export value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for spherical roller bearing exports from the Netherlands, with a 29% share of total exports. Moreover, spherical roller bearing exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), threefold. The third position in this ranking was held by Spain (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.9% per year) and Spain (+6.8% per year).

In value terms, Germany ($X) remains the key foreign market for spherical roller bearings exports from the Netherlands, comprising 27% of total exports. The second position in the ranking was taken by Italy ($X), with a 9.3% share of total exports. It was followed by Spain, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+0.8% per year) and Spain (+9.7% per year).

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, growing by 8.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to the UK ($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 Finland (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into the Netherlands

In 2021, overseas purchases of spherical roller bearings decreased by -1% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, spherical roller bearing imports contracted to $X in 2021. In general, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 22%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), Germany (X tons) and China (X tons) were the main suppliers of spherical roller bearing imports to the Netherlands, with a combined 70% share of total imports. The Czech Republic, France, Finland, Turkey, Sweden, Italy, Belgium and the UK lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +207.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing suppliers to the Netherlands were Japan ($X), Germany ($X) and France ($X), with a combined 71% share of total imports. These countries were followed by the Czech Republic, Finland, China, Turkey, Sweden, Italy, the UK and Belgium, which together accounted for a further 21%.

Turkey, with a CAGR of +132.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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 spherical roller bearing import price amounted to $X per ton, shrinking by -5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 17% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for China ($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 (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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