Ireland: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Ireland

In 2022, the Irish spherical roller bearing market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption continues to indicate a noticeable shrinkage. Ireland consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Ireland

Spherical roller bearing exports from Ireland surged to X tons in 2022, jumping by X% on the previous year's figure. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2013 with an increase of X%. The Ireland exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, spherical roller bearing exports declined to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

China was the largest exporter of spherical roller bearings in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Germany (X tons) held the second position in the ranking, followed by Sweden (X tons), Japan (X tons), Romania (X tons) and Belgium (X tons). All these countries together took approx. X% share of total exports. The following exporters - Malaysia (X tons), France (X tons), the UK (X tons), Singapore (X tons), Italy (X tons), the United States (X tons) and Belarus (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the spherical roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Romania (X%) and France (X%) displayed positive paces of growth. Italy, Japan and Germany experienced a relatively flat trend pattern. By contrast, Sweden (X%), Belgium (X%), the UK (X%), Belarus (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.), Romania (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the global exports, while Japan, Germany, Belarus, Belgium, the United States, Singapore and Sweden saw its share reduced by X%, X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Germany ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Japan, Belgium, the United States, Romania, Malaysia, the UK, France, Singapore, Italy and Belarus lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the export price in Ireland amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while China ($X 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 (X%), while the other leaders experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into Ireland

In 2022, the amount of spherical roller bearings imported into Ireland dropped to X tons, with a decrease of X% on 2021 figures. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, spherical roller bearing imports surged to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Ireland imports peaked at $X in 2016; afterwards, it flattened through to 2022.

Imports by Country

The purchases of the twelve major importers of spherical roller bearings, namely Belgium, China, the United States, Germany, India, Russia, France, Brazil, Denmark, South Korea, Thailand and Turkey, represented more than half of total import. Italy (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing importing markets into Ireland were China ($X), the United States ($X) and Belgium ($X), together accounting for X% of total imports. India, Germany, France, Brazil, Italy, South Korea, Russia, Turkey, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Ireland amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Thailand ($X 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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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