Sweden: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Sweden

In 2022, the Swedish cylindrical roller bearing market increased by 96% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, saw a mild reduction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Cylindrical Roller Bearing Production in Sweden

In value terms, cylindrical roller bearing production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant decrease. Sweden production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Sweden

In 2022, the amount of cylindrical roller bearings exported from Sweden shrank notably to X tons, with a decrease of -19.5% against the previous year's figure. In general, exports continue to indicate a perceptible decrease. The growth pace was the most rapid in 2019 when exports increased by 43% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, cylindrical roller bearing exports dropped rapidly to $X in 2022. Overall, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2021 when exports increased by 37%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Germany (X tons), China (X tons) and Japan (X tons), together amounting to 53% of total export. It was distantly followed by Romania (X tons) and Slovakia (X tons), together mixing up a 13% share of total exports. The following exporters - Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) - together made up 19% of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Sweden, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Sweden stood at $X per ton in 2022, falling by -3.5% against the previous year. Overall, the export price saw a slight decrease. The growth pace was the most rapid in 2021 when the export price increased by 17%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Sweden

In 2022, cylindrical roller bearing imports into Sweden rose notably to X tons, picking up by 8.1% on the year before. In general, imports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 83% against the previous year. Sweden imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, cylindrical roller bearing imports rose sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a slight downturn. The growth pace was the most rapid in 2018 when imports increased by 38%. Sweden imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together finishing at 42% of total import. It was distantly followed by the United States (X tons), achieving a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2022, together comprising 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Among the main importing countries, Spain, with a CAGR of +13.7%, saw the highest rates of growth with regard to 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 2022, the import price in Sweden amounted to $X per ton, remaining constant against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 37% against the previous year. Sweden import price peaked at $X per ton in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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