Report Update Nov 1, 2024

Spain - Spherical Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Spain: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Spain

In 2021, the Spanish spherical roller bearing market decreased by -5.5% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, recorded a resilient expansion. Spherical roller bearing consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Spherical Roller Bearing Exports

Exports from Spain

In 2021, the amount of spherical roller bearings exported from Spain soared to X tons, surging by 327% against the year before. Overall, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, spherical roller bearing exports soared to $X in 2021. Over the period under review, exports saw a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India (X tons) was the main destination for spherical roller bearing exports from Spain, accounting for a 76% share of total exports. Moreover, spherical roller bearing exports to India exceeded the volume sent to the second major destination, Algeria (X tons), more than tenfold. Brazil (X tons) ranked third in terms of total exports with a 3.1% share.

From 2012 to 2021, the average annual growth rate of volume to India totaled +138.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Algeria (+305.2% per year) and Brazil (+66.0% per year).

In value terms, India ($X) emerged as the key foreign market for spherical roller bearings exports from Spain, comprising 46% of total exports. The second position in the ranking was held by Portugal ($X), with an 11% share of total exports. It was followed by Chile, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to India amounted to +109.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+16.8% per year) and Chile (+55.3% per year).

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, declining by -58.4% against the previous year. In general, the export price recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 82%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Cuba ($X per ton), while the average price for exports to India ($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 Cuba (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Spherical Roller Bearing Imports

Imports into Spain

In 2021, purchases abroad of spherical roller bearings was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 95%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, spherical roller bearing imports rose modestly to $X in 2021. Overall, imports posted strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 82% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Romania (X tons), Germany (X tons) and the Czech Republic (X tons) were the main suppliers of spherical roller bearing imports to Spain, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +109.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of spherical roller bearings to Spain, comprising 31% of total imports. The second position in the ranking was held by Romania ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+6.7% per year) and the Czech Republic (+101.8% per year).

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, reducing by -4% against the previous year. Overall, the import price continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 40%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spherical roller bearings in the world?

China remains the largest spherical roller bearing consuming country worldwide, comprising approx. 24% of total volume. Moreover, spherical roller bearing consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.1% share.

What are the largest producers of spherical roller bearings in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, together accounting for 41% of global production. These countries were followed by Sweden, Germany, India, Romania, South Africa, Russia, France, Malaysia and the UK, which together accounted for a further 45%.

What are the leading suppliers of spherical roller bearings to Spain?

In value terms, Germany constituted the largest supplier of spherical roller bearing to Spain, comprising 32% of total imports. The second position in the ranking was occupied by Romania, with a 14% share of total imports. It was followed by the Czech Republic, with a 13% share.

What are the leading importers of spherical roller bearings from Spain?

In value terms, India emerged as the key foreign market for spherical roller bearing exports from Spain, comprising 46% of total exports. The second position in the ranking was occupied by Portugal, with an 11% share of total exports. It was followed by Chile, with a 6.2% share.

What is the average export price for spherical roller bearings in Spain?

In 2021, the average spherical roller bearing export price amounted to $8,992 per ton, reducing by -58.5% against the previous year.

What is the average import price for spherical roller bearings in Spain?

The average spherical roller bearing import price stood at $12,382 per ton in 2021, which is down by -3.9% against the previous year.

This report provides an in-depth analysis of the spherical roller bearing market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28151055 - Spherical roller bearings

Country coverage:

Spain

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Spain
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023