Sweden - Parts Of Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBall Bearing Parts Price in Sweden - 2023
Contents:
- Ball Bearing Parts Price in Sweden (FOB) - 2023
- Ball Bearing Parts Price in Sweden (CIF) - 2023
- Ball Bearing Parts Exports in Sweden
- Ball Bearing Parts Imports in Sweden
Ball Bearing Parts Price in Sweden (FOB) - 2023
The average ball bearing parts export price stood at $21,374 per ton in June 2023, which is down by -9.6% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in November 2022 an increase of 13% m-o-m. The export price peaked at $23,652 per ton in May 2023, and then reduced in the following month.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Malaysia ($39,554 per ton), while the average price for exports to Hungary ($9,606 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.
Ball Bearing Parts Price in Sweden (CIF) - 2023
In June 2023, the average ball bearing parts import price amounted to $6,306 per ton, waning by -18.9% against the previous month. In general, import price indicated a slight increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, ball bearing parts import price decreased by -18.9% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 61% against the previous month. The import price peaked at $7,779 per ton in May 2023, and then fell sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($24,220 per ton), while the price for Latvia ($1,113 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Ball Bearing Parts Exports in Sweden
In 2022, ball bearing parts exports from Sweden reached 4.1K tons, approximately reflecting 2021 figures. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, ball bearing parts exports rose sharply to $74M in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 19% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
Export of Ball Bearing Parts in Sweden (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.3 | 9.4 | 12.8 | 13.5 | 9.4% |
Belgium | 10.4 | 10.9 | 11.6 | 13.4 | 8.8% |
United States | 6.7 | 8.0 | 8.4 | 9.7 | 13.1% |
Malaysia | 6.1 | 7.3 | 11.5 | 8.5 | 11.7% |
Germany | 2.8 | 2.3 | 2.7 | 4.1 | 13.6% |
United Kingdom | 6.5 | 3.5 | 4.5 | 3.8 | -16.4% |
Italy | 1.8 | 1.3 | 2.6 | 2.9 | 17.2% |
Turkey | 0.4 | 0.5 | 0.9 | 2.6 | 86.6% |
Austria | 0.7 | 0.3 | 0.8 | 1.4 | 26.0% |
Netherlands | 0.3 | 0.5 | 0.7 | 1.2 | 58.7% |
Singapore | 5.4 | 6.4 | 2.8 | 0.9 | -45.0% |
Norway | 0.9 | 0.5 | 0.6 | 0.9 | 0.0% |
Others | 9.3 | 8.0 | 9.9 | 10.6 | 4.5% |
Total | 61.6 | 58.8 | 69.9 | 73.5 | 6.1% |
Top Export Markets for Ball Bearing Parts from Sweden in 2022:
- Malaysia (822.2 tons)
- China (645.9 tons)
- United States (627.9 tons)
- Belgium (545.8 tons)
- United Kingdom (278.7 tons)
- Germany (209.2 tons)
- Italy (185.7 tons)
- Austria (158.8 tons)
- Netherlands (100.2 tons)
- Turkey (76.5 tons)
- Norway (69.9 tons)
- Singapore (30.7 tons)
Ball Bearing Parts Imports in Sweden
In 2022, imports of parts of ball or roller bearings into Sweden stood at 13K tons, growing by 4.1% on 2021. Over the period under review, total imports indicated a measured increase from 2019 to 2022: its volume increased at an average annual rate of +3.1% 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 +98.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, ball bearing parts imports amounted to $70M in 2022. The total import value increased at an average annual rate of +1.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Ball Bearing Parts in Sweden (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 16.3 | 17.1 | 24.1 | 21.4 | 9.5% |
France | 13.7 | 4.5 | 12.3 | 19.7 | 12.9% |
Germany | 15.9 | 12.5 | 12.2 | 10.5 | -12.9% |
China | 1.9 | 2.4 | 3.5 | 4.1 | 29.2% |
Latvia | 2.6 | 1.0 | 2.6 | 2.8 | 2.5% |
South Korea | 5.0 | 3.5 | 1.7 | 0.1 | -72.9% |
Others | 10.7 | 6.8 | 12.5 | 11.0 | 0.9% |
Total | 66.1 | 47.8 | 68.9 | 69.6 | 1.7% |
Top Suppliers of Ball Bearing Parts to Sweden in 2022:
- South Korea (undefinedK tons)
- France (5.3K tons)
- Latvia (3.5K tons)
- Poland (2.9K tons)
- Germany (0.8K tons)
- China (0.3K tons)
This report provides an in-depth analysis of the ball bearing parts market in Sweden. 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 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)
Country coverage:
- Sweden
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sweden
- 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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