Sweden: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Sweden

In 2023, the Swedish tapered roller bearing market increased by X% to $X, rising for the third year in a row after two years of decline. Over the period under review, consumption continues to indicate a prominent increase. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Tapered Roller Bearing Exports

Exports from Sweden

In 2023, after two years of growth, there was significant decline in overseas shipments of tapered roller bearings, when their volume decreased by X% to X tons. Overall, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The Sweden exports peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, tapered roller bearing exports rose modestly to $X in 2023. Over the period under review, exports saw a deep reduction. The growth pace was the most rapid in 2021 when exports increased by X%. The Sweden exports peaked at $X in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, China (X tons) represented the key exporter of tapered roller bearings, creating X% of total exports. Japan (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%), Austria (X%), Romania (X%) and France (X%). The following exporters - South Korea (X tons), India (X tons), Poland (X tons), the Netherlands (X tons), the United States (X tons), Hungary (X tons) and Italy (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%), South Korea (X%), Romania (X%), the Netherlands (X%), Poland (X%) and Germany (X%) displayed positive paces of growth. Hungary and Italy experienced a relatively flat trend pattern. By contrast, France (X%), Japan (X%), Austria (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China, India, South Korea and Romania increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tapered roller bearing supplying countries from Sweden were Germany ($X), the United States ($X) and China ($X), with a combined X% share of total exports. Japan, France, Romania, India, Austria, South Korea, Poland, the Netherlands, Hungary and Italy lagged somewhat behind, together accounting for a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 Sweden stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

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.

Tapered Roller Bearing Imports

Imports into Sweden

In 2023, purchases abroad of tapered roller bearings increased by X% to X tons, rising for the third year in a row after two years of decline. 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 growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, tapered roller bearing imports expanded rapidly 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 in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons) and the United States (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Mexico (X tons), China (X tons), France (X tons) and Brazil (X tons), together creating a X% share of total imports. The following importers - Italy (X tons), India (X tons), Turkey (X tons), the Netherlands (X tons), Australia (X tons), Russia (X tons) and Canada (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing importing markets into Sweden were Germany ($X), the United States ($X) and China ($X), with a combined X% share of total imports. Mexico, France, Italy, Brazil, India, Australia, Canada, the Netherlands, Turkey and Russia lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to 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 Sweden amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Brazil ($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 mixed trends in the import price figures.

Source: IndexBox Platform