Needle roller bearings market in Spain

Earlier Report Observations

The Spanish needle roller bearing market experienced notable shifts between 2018 and 2022. It expanded to $28.9 million in 2019 before contracting sharply to $18.5 million in 2020, then stabilized around $17.6–17.8 million through 2021 and 2022.

By 2024, the market size had declined to $11.1 million. This period coincided with broader industry trends, including rising global demand for electric and hybrid vehicles, which drives innovation and demand for compact, high-capacity needle roller bearings. Major global manufacturers such as Schaeffler AG, SKF, NSK Ltd, and JTEKT Corp continue to expand production and develop advanced technologies, shaping the competitive environment.

Production needle roller bearings in Spain

In value, 2017-2020, K $ US

Spain's production of needle roller bearings has declined for three consecutive years. In 2020, output was valued at 155.5 K $ US, marking an 11.1% decrease compared to 2019. Over the period from 2017 to 2020, production fell by 44.6%, with a compound annual growth rate of -17.9%.

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

In kind, 2017-2020, t

The market displayed volatility during the observed period. Production volumes reached their peak in 2018 at 255.8 t, then dropped to their lowest point in 2020 at 12.1 t, representing a 21-fold shift. In 2020, Spain produced 12.1 t of needle roller bearings, a 7.9% reduction year-over-year. The largest decline occurred in 2019 at 94.9%, while the largest increase was recorded in 2018 at 1 050.7%.

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

Exports needle roller bearings from Spain

Exports in kind, t

Market performance showed noticeable fluctuations throughout the period. Exports varied by 2.6-fold, with a high of 100 t in 2018 and a low of 39 t in 2020. In 2020, needle roller bearings deliveries from Spain stood at 39 t, a 42.9% fall compared to 2019. The largest increase was recorded in 2018 at 85.6%.

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

From 2017 to 2020, Cuba, Portugal, and Mexico formed the core of Spain's exports in kind. Cuba accounted for 39.1% of exports, Portugal for 25.8%, and Mexico for 5.4%, together representing 70.3% of total flows.

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

Needle roller bearings exports from Spain declined for the second consecutive year. In 2020, exports came to 1 206 K $ US, down by 32.8% compared to 2019. Between 2017 and 2020, exports decreased by 22.8%, equating to an annualized rate of -8.3%. The maximum value was recorded in 2018 at 2 531 K $ US, with the largest increase that year at 62.0%.

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

Over the period 2017–2020, Cuba, Portugal, and Mexico were the primary buyers of needle roller bearings from Spain in value terms. Cuba accounted for 33.4% of exports, Portugal for 30.2%, and Mexico for 3.8%, jointly making up 67.3% of total exports.

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

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

Imports needle roller bearings to Spain

Imports in kind, t

The market exhibited an unstable trend throughout the timeframe. Imports reached their highest point in 2019 at 2 543 t and their lowest in 2020 at 837 t, a peak-to-trough ratio of 3 times. In 2020, Spain imported approximately 837 t of needle roller bearings, showing a steep reduction of 67.1% compared to 2019. The largest increase was recorded in 2018 at 119.4%.

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

From 2017 to 2020, China, Czechia, and Romania were the largest suppliers of needle roller bearings to Spain in kind. China accounted for 30.6% of imports, Czechia for 30.2%, and Romania for 20.3%, together forming 81.2% of total imports.

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

The data reveals irregular changes, indicating a volatile market environment. Imports peaked in 2019 at 30 504 K $ US and bottomed in 2017, differing by 2.3 times. In 2020, needle roller bearings imports to Spain amounted to 19 568 K $ US, representing an intense decline of 35.9% relative to the prior year. The largest increase was recorded in 2018 at 112.8%.

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

In 2017–2020, Czechia, France, and China were the largest suppliers of needle roller bearings to Spain in value terms. Czechia accounted for 28.1% of imports, France for 17.3%, and China for 13.6%, together forming 59.0% of total imports.

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

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