Report Update: May 1, 2024

Italy - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Needle Roller Bearing Price in Italy - 2023

Needle Roller Bearing Price in Italy (CIF) - 2023

The import price in Italy stood at $29,536 per ton in July 2023, which is down by -18.1% against the previous month. Overall, import price indicated a mild expansion from July 2022 to July 2023: its price increased at an average monthly rate of +1.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, needle roller bearing import price decreased by -23.6% against April 2023 indices. The most prominent rate of growth was recorded in December 2022 an increase of 37% m-o-m. Italy import price peaked at $38,635 per ton in April 2023; however, from May 2023 to July 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In July 2023, the country with the highest price was the Netherlands ($51,916 per ton), while China ($12,680 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the other leaders experienced more modest paces of growth.

Needle Roller Bearing Price in Italy (FOB) - 2022

The export price in Italy stood at $49,407 per ton in 2022, declining by -7.5% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, needle roller bearing export price increased by +105.1% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 30% against the previous year. Over the period under review, the export prices attained the peak figure at $53,419 per ton in 2021, and then shrank in the following year.

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 ($65,083 per ton), while Romania ($9,219 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 (+2.9%), while the other leaders experienced more modest paces of growth.

Needle Roller Bearing Imports in Italy

In 2022, after two years of decline, there was significant growth in supplies from abroad of needle roller bearings, when their volume increased by 22% to 1.5K tons. Over the period under review, imports, however, recorded a abrupt setback.

In value terms, needle roller bearing imports rose markedly to $43M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14%.

Import of Needle Roller Bearing in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	199	163	188	209	1.6%
United States	157	119	161	161	0.8%
Mexico	129	110	132	133	1.0%
China	100	100	132	123	7.1%
South Korea	77.6	67.9	77.6	66.8	-4.9%
Netherlands	44.1	34.9	38.4	44.6	0.4%
Japan	47.4	39.9	51.0	43.8	-2.6%
Thailand	41.2	37.2	47.8	42.3	0.9%
Brazil	33.8	27.0	37.9	40.1	5.9%
Nigeria	0.7	3.8	14.4	39.8	284.5%
France	48.4	37.4	41.4	38.5	-7.3%
Canada	25.0	19.2	25.3	38.0	15.0%
Indonesia	31.2	20.6	32.8	32.9	1.8%
Others	-890.2	-745.1	-941.7	-970.2	2.9%
Total	43.4	33.6	38.3	42.8	-0.5%

Top Suppliers of Needle Roller Bearing to Italy in 2022:

Germany (13.3K tons)
United States (8.4K tons)
Mexico (6.0K tons)
China (2.9K tons)
Nigeria (2.6K tons)
Indonesia (2.3K tons)
South Korea (2.3K tons)
Brazil (1.9K tons)
Thailand (1.9K tons)
France (1.8K tons)
Japan (1.7K tons)
Netherlands (1.5K tons)
Canada (1.4K tons)

Needle Roller Bearing Exports in Italy

In 2022, the amount of needle roller bearings exported from Italy fell to 262 tons, which is down by -5.2% on 2021. Over the period under review, exports faced a sharp decline. The pace of growth was the most pronounced in 2021 when exports increased by 6.4%.

In value terms, needle roller bearing exports declined to $13M in 2022. Overall, exports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 16%.

Export of Needle Roller Bearing in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	256	234	278	285	3.6%
Japan	265	212	268	230	-4.6%
China	169	163	220	211	7.7%
Slovakia	82.7	67.3	83.3	126	15.1%
United States	120	105	130	125	1.4%
France	63.8	58.1	66.2	56.1	-4.2%
South Korea	47.7	42.6	60.7	55.0	4.9%
Netherlands	37.8	28.1	33.8	35.4	-2.2%
Czech Republic	27.1	20.0	19.5	25.8	-1.6%
Mexico	15.4	13.4	23.1	25.8	18.8%
Romania	15.2	10.2	13.7	13.4	-4.1%
Others	-1,078.4	-941.8	-1,182.0	-1,175.3	2.9%
Total	22.1	12.7	14.8	12.9	-16.4%

Top Export Markets for Needle Roller Bearing from Italy in 2022:

China (14.1K tons)
Japan (8.8K tons)
Germany (8.1K tons)
Slovakia (7.3K tons)
France (3.4K tons)
South Korea (2.4K tons)
United States (1.9K tons)
Mexico (1.8K tons)
Czech Republic (1.6K tons)
Romania (1.5K tons)
Netherlands (1.0K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the needle roller bearing market in Italy. 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 28151070 - Needle roller bearings

Country coverage:

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023