Netherlands: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in the Netherlands

The Dutch tapered roller bearing market amounted to $X in 2021, surging by 4.3% against the previous year. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.0% 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 -16.2% against 2019 indices. Tapered roller bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Tapered Roller Bearing Production in the Netherlands

In value terms, tapered roller bearing production surged to $X in 2021 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.7% against 2019 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 65%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Tapered Roller Bearing Exports

Exports from the Netherlands

In 2021, shipments abroad of tapered roller bearings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 30%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, tapered roller bearing exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for tapered roller bearing exports from the Netherlands, with a 40% share of total exports. Moreover, tapered roller bearing exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.9% per year) and Sweden (+23.9% per year).

In value terms, Germany ($X) remains the key foreign market for tapered roller bearings exports from the Netherlands, comprising 37% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by Sweden, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-1.3% per year) and Sweden (+15.6% per year).

Export Prices by Country

The average tapered roller bearing export price stood at $X per ton in 2021, stabilizing at the previous year. In general, the export price recorded a slight contraction. The growth pace was the most rapid in 2018 an increase of 6.6%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($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 the UK (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into the Netherlands

In 2021, supplies from abroad of tapered roller bearings was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing imports rose notably to $X in 2021. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 18% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Japan (X tons), Romania (X tons) and China (X tons) were the main suppliers of tapered roller bearing imports to the Netherlands, with a combined 85% share of total imports. Germany, India, South Korea and the UK lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +153.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing suppliers to the Netherlands were Japan ($X), Romania ($X) and China ($X), together comprising 77% of total imports. These countries were followed by Germany, South Korea, India and the UK, which together accounted for a further 13%.

Among the main suppliers, India, with a CAGR of +125.2%, saw 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 tapered roller bearing import price amounted to $X per ton, declining by -4.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 7.1%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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