Netherlands: Ball Bearing Market 2024

Ball Bearing Market Size in the Netherlands

The Dutch ball bearing market fell remarkably to $X in 2023, dropping by X% against the previous year. Overall, consumption showed a noticeable decline. The Netherlands consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Ball Bearing Production in the Netherlands

In value terms, ball bearing production reduced to $X in 2023 estimated in export price. In general, production continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2022 when the production volume increased by X%. The Netherlands production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Ball Bearing Exports

Exports from the Netherlands

In 2023, shipments abroad of ball bearings decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. The total export volume 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 in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The the Netherlands exports peaked at X tons in 2022, and then reduced in the following year.

In value terms, ball bearing exports rose to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; 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 X% against the previous year. The the Netherlands exports peaked in 2023 and are likely to continue growth in the immediate term.

Exports by Country

China was the largest exporting country with an export of around X tons, which reached X% of total exports. Japan (X tons) held the second position in the ranking, followed by Germany (X tons) and Italy (X tons). All these countries together took near X% share of total exports. South Korea (X tons), France (X tons), Poland (X tons), Thailand (X tons), the United States (X tons), Singapore (X tons) and Slovakia (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the ball bearings exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%), Poland (X%) and South Korea (X%) displayed positive paces of growth. Italy, Germany and Japan experienced a relatively flat trend pattern. By contrast, France (X%), Slovakia (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Slovakia (X p.p.), Italy (X p.p.), France (X p.p.), Germany (X p.p.), the United States (X p.p.), Singapore (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Japan ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. Italy, the United States, France, Thailand, South Korea, Poland, Singapore and Slovakia lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Netherlands stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, showed a slight descent. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. The the Netherlands export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 2023, 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.

Ball Bearing Imports

Imports into the Netherlands

In 2023, after two years of growth, there was significant decline in purchases abroad of ball bearings, when their volume decreased by X% to X tons. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The Netherlands imports peaked at X tons in 2022, and then reduced sharply in the following year.

In value terms, ball bearing imports reduced to $X in 2023. The total import value increased at an average annual rate of X% 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%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons), followed by the United States (X tons), China (X tons), Mexico (X tons) and Italy (X tons) were the key importers of ball bearings, together mixing up X% of total imports. Brazil (X tons), France (X tons), Indonesia (X tons), South Korea (X tons), Japan (X tons), Turkey (X tons), Spain (X tons) and Russia (X tons) held a minor share of total imports.

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

In value terms, the largest ball bearing importing markets into the Netherlands were Germany ($X), China ($X) and the United States ($X), together comprising X% of total imports. Mexico, Italy, France, Japan, South Korea, Brazil, Turkey, Indonesia, Spain and Russia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in the Netherlands amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, recorded a slight shrinkage. The Netherlands import price peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform