Combined ball and roller bearings market in Denmark

Earlier Report Observations

The market for combined ball and roller bearings in Denmark experienced notable volume changes from 2018 to 2024. It grew consistently from 2 110 tons in 2018 to 2 735 tons in 2020, primarily supported by rising imports, which increased from 2 143 tons to 2 770 tons over the same period, while domestic production remained minimal.

After peaking in 2020, market volume dipped slightly to 2 727 tons in 2021 before contracting sharply to 843 tons in 2022 and further to 445 tons in 2023. This decline coincided with a steep fall in imports, which dropped from 2 778 tons in 2021 to 492 tons in 2023, outweighing a low-base increase in production.

A partial recovery occurred in 2024, with the market reaching 733 tons, driven by a rebound in imports to 795 tons and a rise in production to 6 tons. The overall trajectory highlights the market's heavy reliance on import flows, which dominated supply throughout the period.

Production combined ball and roller bearings in Denmark

In value, 2018-2021, K $ US

After two consecutive years of decline, Denmark's production of combined ball and roller bearings increased in value terms. In 2021, output reached 1 227 thousand US dollars, marking a modest 7.0% rise compared to the previous year. Looking at the period from 2018 to 2021, production decreased by 12.6%, with a compound annual growth rate of -4.4%. The lowest value was recorded in 2020 at 1 147 thousand US dollars, while the largest decline occurred in 2019 with a drop of 10.4%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, kg

Following two years of reduction, Denmark's production of combined ball and roller bearings increased in volume. In 2021, the country produced 2 865 kilograms, showing a small rise of 1.1% compared to 2020. Over the 2018-2021 period, production decreased by 20.9%, which translates to an annualized rate of -7.5%. The minimum volume was recorded in 2020 at 2 834 kilograms, and the largest decline also occurred in 2020 with a decrease of 13.6%.

Annual dynamics of production in Denmark in kind, 2018-2021, kg

Exports combined ball and roller bearings from Denmark

Exports in kind, t

Denmark's exports of combined ball and roller bearings increased for the third consecutive year. In 2021, exports amounted to 53 tonnes, representing a significant rise of 39.3% compared to 2020. From 2018 to 2021, exports grew by 44.3%, with a compound annual growth rate of 13.0%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

Between 2018 and 2021, Denmark's combined ball and roller bearings were exported to a wide range of markets. The United States accounted for 34.3% of exports in volume, Germany for 7.6%, and China for 5.6%. Together, these three countries made up only 47.5% of total exports, while many smaller destinations contributed the remaining 52.5%.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

After two years of reduction, Denmark's exports of combined ball and roller bearings increased in value. In 2021, exports totaled 3 708 thousand US dollars, indicating a steep advance of 57.9% relative to the prior year. Over the 2018-2021 period, exports increased by 19.7%, with a compound annual growth rate of 6.2%. The minimum value was recorded in 2020 at 2 348 thousand US dollars, and the largest decline occurred in 2019 with a drop of 16.1%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

During 2018-2021, Denmark's exports of combined ball and roller bearings in value terms were relatively evenly distributed. The United States accounted for 14.6% of exports in value, Italy for 9.6%, and Germany for 9.6%. Together, these three countries represented only 33.8% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports combined ball and roller bearings to Denmark

Imports in kind, t

Denmark's imports of combined ball and roller bearings increased for the third consecutive year. In 2021, imports totaled 2 778 tonnes, showing only a marginal fluctuation compared to 2020. Between 2018 and 2021, imports grew by 29.6%, equating to an annualized rate of 9.0%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

From 2018 to 2021, Germany and France together accounted for 95.7% of Denmark's total imports of combined ball and roller bearings in volume. Other countries formed a diversified but less significant portion of imports.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

After two years of increase, Denmark's imports of combined ball and roller bearings declined in value. In 2021, imports were recorded at 27 968 thousand US dollars, showing a drop of 9.1% compared to 2020. Between 2018 and 2021, imports increased by 28.6%, equating to an annualized rate of 8.7%. The maximum value was recorded in 2020 at 30 761 thousand US dollars, and the largest increase occurred in 2019 with a rise of 29.5%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

In 2018-2021, Denmark's imports of combined ball and roller bearings in value terms were strongly concentrated. Germany and France together accounted for 94.8% of total import flows, with other partners forming a residual portion.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021