United Kingdom: Ball Bearing Parts Market 2025

Ball Bearing Parts Market Size in the UK

In 2021, after two years of decline, there was significant growth in the UK ball bearing parts market, when its value increased by 32% to $X. Overall, consumption, however, saw a slight decrease. Ball bearing parts consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Ball Bearing Parts Production in the UK

In value terms, ball bearing parts production declined slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 44% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Ball Bearing Parts Exports

Exports from the UK

After three years of decline, shipments abroad of parts of ball or roller bearings increased by 38% to X tons in 2021. Over the period under review, exports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of 57%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, ball bearing parts exports soared to $X in 2021. In general, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for ball bearing parts exports from the UK, accounting for a 28% share of total exports. Moreover, ball bearing parts exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), twofold. The third position in this ranking was held by Hong Kong SAR (X tons), with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-2.4% per year) and Hong Kong SAR (+61.3% per year).

In value terms, the largest markets for ball bearing parts exported from the UK were Germany ($X), Hong Kong SAR ($X) and the United States ($X), together comprising 43% of total exports.

Hong Kong SAR, with a CAGR of +47.3%, recorded 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 parts export price amounted to $X per ton, picking up by 5.7% against the previous year. Overall, the export price continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2019 an increase of 39% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Italy (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into the UK

In 2021, supplies from abroad of parts of ball or roller bearings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.7% 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 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, however, saw a noticeable downturn. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X tons) constituted the largest ball bearing parts supplier to the UK, accounting for a 53% share of total imports. Moreover, ball bearing parts imports from South Korea exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea totaled +84.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-9.0% per year) and Japan (-10.3% per year).

In value terms, the largest ball bearing parts suppliers to the UK were South Korea ($X), Germany ($X) and Poland ($X), with a combined 51% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of +51.6%, 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, shrinking by -13.2% against the previous year. In general, the import price saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by 14%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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