Tapered roller bearings market in Spain

Earlier Report Observations

The Spanish market for tapered roller bearings showed significant volume fluctuations from 2018 to 2024. It began the period at 13 855 tonnes, rose to 15 288 tonnes in 2019, then dipped slightly to 14 799 tonnes in 2020.

A major expansion took place in 2021, when market volume leapt by 38.6% to 20 506 tonnes. This was followed by a steep decline of 22.7% in 2022, bringing volume down to 15 853 tonnes.

After a further contraction to 14 443 tonnes in 2023, the market recovered in 2024, growing 10.2% to 15 912 tonnes. In value terms, the market mirrored this volatility, peaking at 163.3 million US dollars in 2021.

Production tapered roller bearings in Spain

In value, 2017-2020, M $ US

After two years of growth, tapered roller bearings production in Spain declined. In 2019, output reached its peak at 125.2 million US dollars, but by 2020, it had fallen to 107.0 million US dollars, marking a significant decrease of 14.5% from the previous year. The largest annual increase occurred in 2019, with a rise of 16.9%.

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

In kind, 2017-2020, t

Market performance showed notable fluctuations during this period. Production peaked in 2019 at 13,985 tonnes, then dropped to 11,967 tonnes in 2020, a decline of 14.4% compared to the previous year. The largest annual increase was recorded in 2018 at 85.5%, and the overall variation from 2017 to 2019 spanned a 2.2-fold difference between the highest and lowest points.

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

Exports tapered roller bearings from Spain

Exports in kind, t

Following two years of growth, tapered roller bearings exports from Spain declined. In 2019, exports reached their highest level at 6,486 tonnes, but in 2020, they fell to 6,436 tonnes, a slight decrease of 0.8%. The largest annual increase was in 2018 at 57.7%. Over the entire period from 2017 to 2020, exports grew by 91.1%, averaging an annualized rate of 24.1%.

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

From 2017 to 2020, Mexico, the United States, and Germany were the primary buyers of tapered roller bearings from Spain, accounting for 30.2%, 16.9%, and 13.7% of exports in kind, respectively. Together, these three countries represented 60.8% of total exports in kind.

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 two years of increase, Spain's tapered roller bearings exports in value terms declined. In 2019, exports peaked at 57,984 thousand US dollars, but by 2020, they had dropped to 53,723 thousand US dollars, a decrease of 7.3%. The largest annual increase was in 2018 at 59.3%. Overall, from 2017 to 2020, exports grew by 49.7%, with a compound annual growth rate of 14.4%.

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

The structure of Spain's tapered roller bearings exports in value terms from 2017 to 2020 was diversified. Mexico, France, and the United States were the top markets, contributing 22.5%, 13.7%, and 13.4% of exports in value, respectively. Combined, they accounted for 49.6% of total flows, with no single country holding a clearly dominant position.

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

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

Imports tapered roller bearings to Spain

Imports in kind, t

Tapered roller bearings imports into Spain increased for the third consecutive year. In 2020, imports amounted to 9,268 tonnes, up by 19.0% compared to 2019. Over the period from 2017 to 2020, imports grew by 77.5%, with a compound annual growth rate of 21.1%.

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

From 2017 to 2020, France, China, and Germany were the main sources for tapered roller bearings imports into Spain in kind, representing 36.5%, 19.7%, and 15.1% of imports, respectively. Together, these three countries accounted for 71.3% of total imports in kind.

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

Spain's tapered roller bearings imports in value terms declined for the second consecutive year. In 2020, imports totaled 57,209 thousand US dollars, down by 0.7% from the previous year. The highest value was recorded in 2018 at 62,336 thousand US dollars. The largest annual decrease occurred in 2019 at 7.6%, while the largest increase was in 2018 at 9.2%.

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

Throughout 2017 to 2020, France, Germany, and China formed the core group of markets for Spain's tapered roller bearings imports in value terms, accounting for 23.1%, 19.3%, and 14.5% of imports, respectively. Together, they represented 56.9% 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