Sweden: Bearing Market 2024

Bearing Market Size in Sweden

The Swedish bearing market skyrocketed to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. Bearing consumption peaked at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Bearing Production in Sweden

In value terms, bearing production reduced modestly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Bearing Exports

Exports from Sweden

In 2023, shipments abroad of ball and roller bearings decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports saw a perceptible slump. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, bearing exports declined modestly to $X in 2023. Over the period under review, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

Belgium (X tons) was the main destination for bearing exports from Sweden, accounting for a X% share of total exports. Moreover, bearing exports to Belgium exceeded the volume sent to the second major destination, Germany (X tons), threefold. China (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Belgium stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and China (X% per year).

In value terms, Belgium ($X) remains the key foreign market for ball and roller bearings exports from Sweden, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2023, the average annual growth rate of value to Belgium totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Germany (X% per year).

Export Prices by Country

The average bearing export price stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Sweden

In 2023, approx. X tons of ball and roller bearings were imported into Sweden; falling by X% compared with 2022 figures. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, bearing imports expanded markedly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of bearing imports to Sweden, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Austria ($X) appeared to be the largest bearing suppliers to Sweden, together comprising X% of total imports.

Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average bearing import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform