United Kingdom - Tapered Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingTapered Roller Bearing Price in the UK - 2023
Contents:
- Tapered Roller Bearing Price in the UK (CIF) - 2023
- Tapered Roller Bearing Price in the UK (FOB) - 2022
- Tapered Roller Bearing Imports in the UK
- Tapered Roller Bearing Exports in the UK
Tapered Roller Bearing Price in the UK (CIF) - 2023
The import price in the UK stood at $19,848 per ton in August 2023, growing by 14% against the previous month. Over the period under review, import price indicated prominent growth from August 2022 to August 2023: its price increased at an average monthly rate of +8.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, tapered roller bearing import price increased by +39.3% against May 2023 indices. The pace of growth appeared the most rapid in September 2022 an increase of 117% against the previous month. Over the period under review, import prices reached the maximum in August 2023.
There were significant differences in the average prices amongst the major importing countries. In August 2023, the country with the highest price was Romania ($83,642 per ton), while China ($6,410 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (+15.6%), while the other leaders experienced more modest paces of growth.
Tapered Roller Bearing Price in the UK (FOB) - 2022
In 2022, the export price in the UK amounted to $23,402 per ton, with an increase of 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The the UK export price peaked at $24,260 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($54,921 per ton), while Thailand ($5,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.3%), while the other leaders experienced more modest paces of growth.
Tapered Roller Bearing Imports in the UK
In 2022, tapered roller bearing imports into the UK skyrocketed to 5.2K tons, with an increase of 18% on 2021 figures. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 49%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, tapered roller bearing imports reduced to $77M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +5.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year. As a result, imports attained the peak of $85M, and then reduced in the following year.
Import of Tapered Roller Bearing in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 632 | 546 | 641 | 667 | 1.8% |
United States | 511 | 378 | 523 | 621 | 6.7% |
China | 487 | 699 | 808 | 487 | 0.0% |
France | 277 | 239 | 282 | 283 | 0.7% |
Mexico | 226 | 155 | 211 | 272 | 6.4% |
Brazil | 142 | 109 | 182 | 207 | 13.4% |
Italy | 154 | 129 | 174 | 186 | 6.5% |
Australia | 80.3 | 92.5 | 104 | 148 | 22.6% |
India | 122 | 78.0 | 146 | 147 | 6.4% |
Canada | 120 | 102 | 109 | 133 | 3.5% |
Sweden | 119 | 101 | 127 | 127 | 2.2% |
Turkey | 56.9 | 57.9 | 77.1 | 106 | 23.0% |
Russia | 95.1 | 89.1 | 110 | 99.8 | 1.6% |
Others | -2,955.2 | -2,720.7 | -3,407.7 | -3,407.9 | 4.9% |
Total | 65.5 | 54.8 | 85.5 | 77.4 | 5.7% |
Top Suppliers of Tapered Roller Bearing to the UK in 2022:
- Germany (71.0K tons)
- United States (55.2K tons)
- China (30.4K tons)
- Brazil (30.3K tons)
- France (26.3K tons)
- Mexico (24.7K tons)
- Italy (19.9K tons)
- Russia (12.9K tons)
- Turkey (12.5K tons)
- Sweden (12.5K tons)
- Australia (12.1K tons)
- India (12.1K tons)
- Canada (10.9K tons)
Tapered Roller Bearing Exports in the UK
In 2022, the amount of tapered roller bearings exported from the UK expanded modestly to 1.5K tons, growing by 1.6% against the previous year. The total export volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. The the UK exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, tapered roller bearing exports soared to $35M in 2022. The total export value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Tapered Roller Bearing in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 716 | 814 | 890 | 683 | -1.6% |
China | 480 | 430 | 650 | 681 | 12.4% |
United States | 543 | 428 | 492 | 647 | 6.0% |
Japan | 687 | 555 | 673 | 626 | -3.1% |
France | 388 | 316 | 383 | 369 | -1.7% |
Romania | 255 | 203 | 254 | 353 | 11.4% |
India | 163 | 140 | 230 | 260 | 16.8% |
Austria | 208 | 150 | 174 | 183 | -4.2% |
South Korea | 180 | 143 | 165 | 180 | 0.0% |
Hungary | 95.0 | 73.1 | 87.7 | 143 | 14.6% |
Poland | 105 | 100 | 136 | 140 | 10.1% |
Italy | 112 | 100 | 110 | 107 | -1.5% |
Thailand | 31.2 | 24.4 | 44.2 | 40.8 | 9.4% |
Others | -3,933.9 | -3,449.2 | -4,262.9 | -4,376.4 | 3.6% |
Total | 30.0 | 28.0 | 26.9 | 34.8 | 5.1% |
Top Export Markets for Tapered Roller Bearing from the UK in 2022:
- China (130.1K tons)
- Japan (53.8K tons)
- Germany (45.2K tons)
- Romania (24.2K tons)
- France (23.8K tons)
- Austria (22.0K tons)
- South Korea (19.7K tons)
- India (19.6K tons)
- Poland (15.5K tons)
- Hungary (12.4K tons)
- United States (11.8K tons)
- Italy (8.2K tons)
- Thailand (8.1K tons)
This report provides an in-depth analysis of the tapered roller bearing market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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