Portugal: 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 Portugal

In 2021, the Portuguese market for bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -4.1% to $X, falling for the third year in a row after three years of growth. The market value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Portugal

In value terms, bearing housing without ball bearing production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 4.1% against the previous year. As a result, production reached the peak level of $X, and then shrank in the following year.

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

Exports from Portugal

In 2021, shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach X tons after three years of decline. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. In general, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for bearing housing without ball bearing exports from Portugal, with a 42% share of total exports. Moreover, bearing housing without ball bearing exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+6.3% per year) and Italy (+22.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Portugal, comprising 39% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 18% share of total exports. It was followed by Italy, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+7.5% per year) and Italy (+22.7% 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 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 13%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Angola ($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 France (+10.1%), 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 Portugal

After two years of decline, supplies from abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 33% to X tons in 2021. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2017 when imports increased by 101%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, bearing housing without ball bearing imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by 46% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

Spain (X tons), Germany (X tons) and France (X tons) were the main suppliers of bearing housing without ball bearing imports to Portugal, together comprising 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +22.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and France ($X) constituted the largest bearing housing without ball bearing suppliers to Portugal, together comprising 72% of total imports.

In terms of the main suppliers, Spain, with a CAGR of +22.0%, 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

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, shrinking by -7.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 61% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a 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 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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