United Kingdom: Bearing Market 2025

Bearing Market Size in the UK

The UK bearing market amounted to $X in 2021, picking up by 13% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Bearing consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Bearing Production in the UK

In value terms, bearing production rose slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a mild decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by 7.4%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Bearing Exports

Exports from the UK

After three years of decline, overseas shipments of ball and roller bearings increased by 7.2% to X tons in 2021. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2014 when exports increased by 8.9%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bearing exports expanded modestly to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 8% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X tons), the Netherlands (X tons) and Germany (X tons) were the main destinations of bearing exports from the UK, with a combined 6.2% share of total exports. The United States, France, Hong Kong SAR, China, Italy, Ireland, Spain, Singapore, India and the Czech Republic lagged somewhat behind, together accounting for a further 6.5%.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +14.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing exported from the UK were Belgium ($X), the Netherlands ($X) and Germany ($X), together accounting for 46% of total exports. The United States, France, Hong Kong SAR, China, Italy, Ireland, Spain, Singapore, India and the Czech Republic lagged somewhat behind, together accounting for a further 48%.

Hong Kong SAR, with a CAGR of +5.1%, saw the highest rates of growth with regard to 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 2020, the average bearing export price amounted to $X per ton, shrinking by -10.4% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2018 an increase of 16%. The export price peaked at $X per ton in 2019, and then fell in the following year.

Average prices varied noticeably for the major overseas markets. In 2020, amid the top suppliers, the countries with the highest prices were Belgium ($X per ton) and India ($X per ton), while the average price for exports to Singapore ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India (-7.8%), while the prices for the other major destinations experienced a decline.

Bearing Imports

Imports into the UK

In 2021, imports of ball and roller bearings into the UK soared to X tons, increasing by 24% on 2020 figures. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 59%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, bearing imports soared to $X in 2021. Over the period under review, imports, however, recorded a mild contraction. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of bearing imports to the UK, together comprising 0.3% of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of -5.7%), while imports for the other leaders experienced a decline.

In value terms, the largest bearing suppliers to the UK were Germany ($X), the United States ($X) and Italy ($X), with a combined 59% share of total imports.

Italy, with a CAGR of +1.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average bearing import price amounted to $X per ton, increasing by 4.5% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 60% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2020, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the United States ($X per ton), while the price for China ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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