Portugal: Tools For Bearing Market 2025

Tools For Bearing Market Size in Portugal

In 2022, the Portuguese tools for bearing market increased by 8.5% to $X, rising for the second consecutive year after two years of decline. Overall, consumption posted a prominent expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Tools For Bearing Exports

Exports from Portugal

In 2022, approx. X tons of balls, needles and rollers for ball or roller bearings were exported from Portugal; increasing by 87% compared with the previous year's figure. In general, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 518%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, tools for bearing exports surged to $X in 2022. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 444%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Angola (X tons) was the main destination for tools for bearing exports from Portugal, accounting for a 51% share of total exports. Moreover, tools for bearing exports to Angola exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Angola totaled +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+138.0% per year) and the United States (+69.0% per year).

In value terms, Angola ($X), the United States ($X) and Slovakia ($X) appeared to be the largest markets for tools for bearing exported from Portugal worldwide, together accounting for 79% of total exports.

Slovakia, with a CAGR of +46.8%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average tools for bearing export price amounted to $X per ton, rising by 22% against the previous year. In general, the export price continues to indicate a slight expansion. The pace of growth appeared the most rapid in 2018 an increase of 84%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mozambique (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Tools For Bearing Imports

Imports into Portugal

In 2022, supplies from abroad of balls, needles and rollers for ball or roller bearings increased by 14% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports saw a strong increase. The most prominent rate of growth was recorded in 2017 when imports increased by 246% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, tools for bearing imports rose to $X in 2022. In general, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 253%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), Italy (X tons) and India (X tons) were the main suppliers of tools for bearing imports to Portugal, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +236.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tools for bearing suppliers to Portugal were Poland ($X), Italy ($X) and India ($X), with a combined 70% share of total imports.

Among the main suppliers, India, with a CAGR of +240.1%, 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

The average tools for bearing import price stood at $X per ton in 2022, dropping by -8.2% against the previous year. Over the period under review, the import price showed a perceptible setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by 36%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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