Sweden: 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 Sweden

In 2021, after two years of decline, there was significant growth in the Swedish market for bearing housings not incorporating ball or roller bearings, plain shaft bearings, when its value increased by 36% to $X. In general, consumption recorded a buoyant expansion. Bearing housing without ball bearing consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

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

In value terms, bearing housing without ball bearing production expanded rapidly to $X in 2021 estimated in export price. Overall, production enjoyed notable growth. The most prominent rate of growth was recorded in 2016 with an increase of 78%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

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

Exports from Sweden

In 2021, after three years of decline, there was significant growth in shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume increased by 12% to X tons. Overall, exports, however, saw a noticeable reduction. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. The total export value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons) was the main destination for bearing housing without ball bearing exports from Sweden, accounting for a 33% share of total exports. Moreover, bearing housing without ball bearing exports to Belgium exceeded the volume sent to the second major destination, China (X tons), threefold. Singapore (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Belgium totaled -2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+6.2% per year) and Singapore (-9.7% per year).

In value terms, Belgium ($X), China ($X) and the Netherlands ($X) were the largest markets for bearing housing without ball bearing exported from Sweden worldwide, together accounting for 32% of total exports. The United States, Germany, Singapore, Turkey, Malaysia, Finland, Brazil, South Africa, Italy and France lagged somewhat behind, together accounting for a further 28%.

Malaysia, with a CAGR of +109.3%, saw 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 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, growing by 6.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 16%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($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 South Africa (+9.4%), 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 Sweden

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were imported into Sweden; surging by 46% against the previous year's figure. In general, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing without ball bearing imports soared to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, India (X tons) constituted the largest bearing housing without ball bearing supplier to Sweden, with a 51% share of total imports. Moreover, bearing housing without ball bearing imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Germany (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +31.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.8% per year) and Germany (-4.4% per year).

In value terms, Germany ($X), India ($X) and China ($X) were the largest bearing housing without ball bearing suppliers to Sweden, with a combined 54% share of total imports.

India, with a CAGR of +23.4%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, declining by -3.2% against the previous year. Over the period under review, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2013 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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