Bearing housings incorporating ball or roller bearings market in Spain

Earlier Report Observations

The Spanish market for bearing housings incorporating ball or roller bearings contracted between 2018 and 2020. Market volume fell from 1 696 t in 2018 to 1 392 t in 2019, then saw a modest recovery to 1 426 t in 2020. In value terms, the decline was more pronounced, dropping from 30 142 thousand USD in 2018 to 29 712 thousand USD in 2019, and further to 24 521 thousand USD in 2020.

This period saw reduced domestic production, which decreased from 1 032 t to 841 t, alongside fluctuations in import and export volumes. The net result was a smaller overall market, with the steeper value decline indicating potential shifts in product types or average prices.

Production bearing housings incorporating ball or roller bearings in Spain

In value, 2017-2020, K $ US

Spain's production of bearing housings incorporating ball or roller bearings declined for the second consecutive year. In 2020, output was valued at 16 977 thousand US dollars, marking an 11.7% decrease compared to 2019. Between 2017 and 2020, production fell by 13%, which translates to an annualized decline of 4.5%. The highest value was recorded in 2018 at 20 503 thousand US dollars, with the largest increase of 5.1% also occurring that year.

Annual dynamics of production in Spain in value, 2017-2020, K $ US

In kind, 2017-2020, t

Production of bearing housings incorporating ball or roller bearings in Spain declined for the third consecutive year. In 2020, Spain produced 841 tonnes, representing a gradual reduction of 9.0% compared to 2019. From 2017 to 2020, production decreased by 41.8%, equating to an annualized decline of 16.5%.

Annual dynamics of production in Spain in kind, 2017-2020, t

Exports bearing housings incorporating ball or roller bearings from Spain

Exports in kind, t

Export volumes of bearing housings incorporating ball or roller bearings from Spain declined for the third consecutive year. In 2020, exports stood at 701 tonnes, showing a significant decline of 13.5% compared to 2019. Over the period from 2017 to 2020, exports decreased by 49%, with a compound annual growth rate of -20.1%.

Annual dynamics of product's exports from Spain in kind, 2017-2020, t

From 2017 to 2020, Morocco dominated Spain's exports in kind, accounting for 84.6% of total flows. The remaining share was distributed among various smaller destinations.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Spain in kind, 2017-2020

Exports in value, K $ US

After a two-year decline, exports of bearing housings incorporating ball or roller bearings from Spain increased. In 2020, Spain exported 4 825 thousand US dollars worth of these products, which is 64.0% higher than the previous year. Over the period from 2017 to 2020, exports grew by 21.8%, with a compound annual growth rate of 6.8%. The lowest value was recorded in 2019 at 2 941 thousand US dollars, following the largest decline of 24.3% in 2018.

Annual dynamics of product's exports from Spain in value, 2017-2020, K $ US

From 2017 to 2020, the main destinations for Spain's exports in value terms were Morocco, Italy, and Germany. Morocco accounted for 49.9% of exports, Italy for 14.5%, and Germany for 12.8%. Together, these three countries represented 77.2% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Spain in value, 2017-2020

Imports bearing housings incorporating ball or roller bearings to Spain

Imports in kind, t

Spain imported 1 503 tonnes of bearing housings incorporating ball or roller bearings in 2020, corresponding to a small increase of 0.6% compared to 2019. Over the period from 2017 to 2020, imports grew by 3%, with a compound annual growth rate of 1.0%. The highest import volume was recorded in 2018 at 1 503 tonnes, which saw the largest increase of 20.4% that year. In 2019, imports experienced the largest decline of 14.9%.

Annual dynamics of product's imports to Spain in kind, 2017-2020, t

From 2017 to 2020, the main sources for Spain's imports in kind were China, Slovakia, and Italy. China accounted for 47.6% of imports, Slovakia for 13.7%, and Italy for 12.3%. Combined, these three countries made up 73.5% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Spain in kind, 2017-2020

Imports in value, K $ US

After a two-year uptick, imports of bearing housings incorporating ball or roller bearings into Spain declined. In 2020, import volume totaled 12 369 thousand US dollars, showing a fall of 7.9% compared to 2019. Over the period from 2017 to 2020, imports increased by 9%, with a compound annual growth rate of 2.9%. The highest value was recorded in 2019 at 13 427 thousand US dollars, following the largest increase of 11.4% in 2018.

Annual dynamics of product's imports to Spain in value, 2017-2020, K $ US

From 2017 to 2020, China, Germany, and Slovakia were the main sources for Spain's imports in value terms. China accounted for 22.6% of imports, Germany for 18.7%, and Slovakia for 18.0%. Together, these three countries absorbed 59.3% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Spain in value, 2017-2020