United Kingdom: Ball Bearing Market 2025

Ball Bearing Market Size in the UK

In 2021, the UK ball bearing market decreased by -8.8% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a abrupt shrinkage. Ball bearing consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ball Bearing Production in the UK

In value terms, ball bearing production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13%. Ball bearing production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ball Bearing Exports

Exports from the UK

In 2021, shipments abroad of ball bearings increased by 41% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, showed a noticeable reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ball bearing exports skyrocketed to $X in 2021. Overall, exports, however, saw a pronounced reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons), Germany (X tons) and France (X tons) were the main destinations of ball bearing exports from the UK, with a combined 75% share of total exports. These countries were followed by the Czech Republic, the United States, Belgium, India, Italy, Poland, China, Ireland, Turkey and Spain, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +18.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball bearing exported from the UK were the Netherlands ($X), Germany ($X) and the United States ($X), with a combined 57% share of total exports. These countries were followed by China, France, India, the Czech Republic, Belgium, Italy, Spain, Poland, Ireland and Turkey, which together accounted for a further 23%.

Belgium, with a CAGR of +21.4%, saw the highest rates of growth with regard to 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

In 2021, the average ball bearing export price amounted to $X per ton, shrinking by -17.7% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 22%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Germany ($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 Spain (+23.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into the UK

In 2021, the amount of ball bearings imported into the UK rose rapidly to X tons, picking up by 8.1% on 2020 figures. In general, imports, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 when imports increased by 16% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, ball bearing imports rose markedly to $X in 2021. Over the period under review, imports, however, saw a mild setback. The growth pace was the most rapid in 2018 with an increase of 20%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Germany (X tons) and Belgium (X tons) were the main suppliers of ball bearing imports to the UK, with a combined 53% share of total imports. France, Italy, the Netherlands, Japan, South Korea, Poland and the United States lagged somewhat behind, together comprising a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +22.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ball bearings to the UK, comprising 28% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.6% per year) and China (-0.6% per year).

Import Prices by Country

In 2021, the average ball bearing import price amounted to $X per ton, with an increase of 1.9% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 11% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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