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Portugal - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Portugal - 2023
Contents:
- Bearing Price in Portugal (CIF) - 2023
- Bearing Price in Portugal (FOB) - 2023
- Bearing Imports in Portugal
- Bearing Exports in Portugal
Bearing Price in Portugal (CIF) - 2023
The average bearing import price stood at $15,942 per ton in August 2023, picking up by 13% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($37,951 per ton), while the price for South Korea ($5,271 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Portugal (FOB) - 2023
In August 2023, the average bearing export price amounted to $13,113 per ton, approximately equating the previous month. Over the period under review, export price indicated a modest expansion from August 2022 to August 2023: its price increased at an average monthly rate of +1.1% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, bearing export price decreased by -28.0% against June 2023 indices. The pace of growth was the most pronounced in December 2022 when the average export price increased by 53% month-to-month. The export price peaked at $18,202 per ton in June 2023; however, from July 2023 to August 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Angola ($23,290 per ton), while the average price for exports to Germany ($12,140 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Angola (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.
Bearing Imports in Portugal
In 2022, bearing imports into Portugal fell to 4.9K tons, declining by -11.9% compared with the year before. In general, imports recorded a abrupt decline. The smallest decline of -8.5% was in 2021.
In value terms, bearing imports dropped slightly to $74M in 2022. Over the period under review, imports showed a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 13%.
Import of Bearing in Portugal (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
Spain | 32.8 | 24.4 | -25.6% | ||
Germany | 16.5 | 11.1 | -32.7% | ||
China | 16.4 | 10.7 | -34.8% | ||
Italy | 6.4 | 6.6 | 3.1% | ||
Belgium | 9.5 | 6.5 | -31.6% | ||
France | 10.2 | 6.2 | -39.2% | ||
Taiwan (Chinese) | 1.9 | 2.2 | 15.8% | ||
Poland | 2.9 | 2.1 | -27.6% | ||
Others | -10.8 | -4.5 | -58.3% | ||
Total | 85.9 | 65.4 | -23.9% |
Top Suppliers of Bearing to Portugal in 2022:
- Spain (5.7 tons)
- Germany (2.6 tons)
- China (2.5 tons)
- Italy (1.6 tons)
- France (1.5 tons)
- Belgium (1.5 tons)
- Taiwan (Chinese) (0.5 tons)
- Poland (0.5 tons)
Bearing Exports in Portugal
In 2022, approx. 5.4K tons of ball and roller bearings were exported from Portugal; with an increase of 16% on 2021 figures. Overall, total exports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 56%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, bearing exports expanded notably to $69M in 2022. Over the period under review, exports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year.
Export of Bearing in Portugal (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
Germany | 66.3 | 45.3 | -31.7% | ||
Angola | 1.7 | 1.4 | -17.6% | ||
Others | 3.9 | 1.2 | -69.2% | ||
Total | 72.0 | 47.8 | -33.6% |
Top Export Markets for Bearing from Portugal in 2022:
- Germany (15.3 tons)
- Angola (0.5 tons)
This report provides an in-depth analysis of the bearing market in Portugal. 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 28151030 - Ball bearings
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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
This report provides an in-depth analysis of the bearing market in Portugal.
This report provides an in-depth analysis of the ball bearing market in Portugal.
This report provides an in-depth analysis of the tools for bearing market in Portugal.
This report provides an in-depth analysis of the cylindrical roller bearing market in Portugal.
This report provides an in-depth analysis of the needle roller bearing market in Portugal.
This report provides an in-depth analysis of the ball bearing parts market in Portugal.
This report provides an in-depth analysis of the roller bearing market in Portugal.
This report provides an in-depth analysis of the spherical roller bearing market in Portugal.
This report provides an in-depth analysis of the tapered roller bearing market in Portugal.
This report provides an in-depth analysis of the global bearing market.
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