Sweden: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in Sweden

In 2021, the Swedish ball bearing parts market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a noticeable slump. Ball bearing parts consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Ball Bearing Parts Production in Sweden

In value terms, ball bearing parts production totaled $X in 2021 estimated in export price. In general, production, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2013 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Ball Bearing Parts Exports

Exports from Sweden

In 2021, shipments abroad of parts of ball or 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, exports, however, recorded a abrupt curtailment. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ball bearing parts exports surged to $X in 2021. In general, exports, however, recorded a noticeable reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons), China (X tons) and Belgium (X tons) were the main destinations of ball bearing parts exports from Sweden, together accounting for 56% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +20.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball bearing parts exported from Sweden were China ($X), Belgium ($X) and Malaysia ($X), together accounting for 51% of total exports.

In terms of the main countries of destination, China, with a CAGR of +15.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ball bearing parts export price stood at $X per ton in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2015 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Austria ($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 the Netherlands (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Sweden

In 2021, approx. X tons of parts of ball or roller bearings were imported into Sweden; picking up by 93% against 2020. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing parts imports soared to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 50%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

France (X tons), Poland (X tons) and Latvia (X tons) were the main suppliers of ball bearing parts imports to Sweden, with a combined 84% 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 Latvia (with a CAGR of +85.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and France ($X) appeared to be the largest ball bearing parts suppliers to Sweden, together accounting for 71% of total imports. These countries were followed by Romania, Latvia and India, which together accounted for a further 12%.

In terms of the main suppliers, Latvia, with a CAGR of +39.4%, 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

The average ball bearing parts import price stood at $X per ton in 2021, waning by -22.8% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2020 when the average import price increased by 32% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank sharply in the following year.

Prices varied noticeably country of origin: the country with the highest price was Romania ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+14.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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