Norway: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Norway

In 2021, the Norwegian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -15.6% to $X, falling for the second consecutive year after three years of growth. Overall, consumption saw a noticeable decrease. Bearing housing without ball bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Norway

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were exported from Norway; surging by 52% compared with the previous year. In general, exports, however, showed a perceptible contraction. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 66%. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Poland (X tons) and Denmark (X tons) were the main destinations of bearing housing without ball bearing exports from Norway, with a combined 38% share of total exports. The UK, Germany, Belgium, the United States, Singapore, South Korea, Sweden, Estonia, France and Brazil lagged somewhat behind, together comprising a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +86.2%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Norway, comprising 15% of total exports. The second position in the ranking was taken by Singapore ($X), with a 7.2% share of total exports. It was followed by the UK, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+14.6% per year) and the UK (-5.5% per year).

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, growing by 7.9% against the previous year. In general, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bearing housing without ball bearing export price decreased by -12.2% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 64% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Poland ($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 Estonia (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Norway

For the third year in a row, Norway recorded decline in supplies from abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, which decreased by -12.3% to X tons in 2021. Overall, imports recorded a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by 15%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bearing housing without ball bearing imports totaled $X in 2021. In general, imports continue to indicate a slight decrease. The pace of growth appeared the most rapid in 2018 when imports increased by 24% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of bearing housing without ball bearing imports to Norway, together comprising 46% of total imports. These countries were followed by Poland, China, the United States, Finland, France, Italy, Austria, Spain, the UK and Japan, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +27.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing without ball bearing suppliers to Norway were Germany ($X), Sweden ($X) and the UK ($X), with a combined 52% share of total imports. The United States, Austria, Finland, France, China, Spain, Japan, Italy, Poland and South Korea lagged somewhat behind, together comprising a further 34%.

Among the main suppliers, Spain, with a CAGR of +25.9%, 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

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, rising by 18% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bearing housing without ball bearing import price increased by +63.8% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :