Sweden: Bearing Market 2024

Bearing Market Size in Sweden

The Swedish bearing market declined to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption continues to indicate a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Bearing Production in Sweden

In value terms, bearing production contracted modestly to $X in 2022 estimated in export price. In general, production saw a drastic downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bearing Exports

Exports from Sweden

After four years of growth, shipments abroad of ball or roller bearings decreased by X% to X tons in 2022. Over the period under review, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bearing exports fell to $X in 2022. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for bearing exports from Sweden, with a X% share of total exports. Moreover, bearing exports to Belgium exceeded the volume sent to the second major destination, China (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Germany (X% per year).

In value terms, Belgium ($X), China ($X) and the United States ($X) were the largest markets for bearing exported from Sweden worldwide, together comprising X% of total exports. Germany, India, Finland, Brazil, Italy, Denmark, France, the Netherlands, Russia and Spain lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average bearing export price stood at $X per ton in 2021, increasing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($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 Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Sweden

In 2022, the amount of ball or roller bearings imported into Sweden declined to X tons, which is down by X% on the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, bearing imports shrank to $X in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Austria (X tons) were the main suppliers of bearing imports to Sweden, with a combined X% share of total imports.

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

In value terms, the largest bearing suppliers to Sweden were Germany ($X), Italy ($X) and Poland ($X), together accounting for X% of total imports. Austria, France, Belgium, China and the Netherlands lagged somewhat behind, together comprising a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bearing import price stood at $X per ton in 2021, picking up by X% against the previous year. In general, the import price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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