Austria: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Austria

In 2022, the Austrian market for bearing housings incorporating ball or roller bearings increased by 13% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption posted a remarkable increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Austria

In value terms, bearing housing with ball bearing production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, showed mild growth. The most prominent rate of growth was recorded in 2018 with an increase of 904% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Austria

In 2022, bearing housing with ball bearing exports from Austria soared to X tons, growing by 24% against the previous year. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 40%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, bearing housing with ball bearing exports rose to $X in 2022. Over the period under review, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +9.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 70%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Germany (X tons) was the main destination for bearing housing with ball bearing exports from Austria, accounting for a 34% share of total exports. Moreover, bearing housing with ball bearing exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), twofold. The third position in this ranking was held by Slovakia (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+4.5% per year) and Slovakia (+29.7% per year).

In value terms, Germany ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from Austria, comprising 37% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 6.6% share of total exports. It was followed by Italy, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+8.2% per year) and Italy (+12.2% per year).

Export Prices by Country

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, reducing by -16.4% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 34% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Austria

In 2022, the amount of bearing housings incorporating ball or roller bearings imported into Austria soared to X tons, growing by 23% against the year before. Over the period under review, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 33%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, bearing housing with ball bearing imports skyrocketed to $X in 2022. Overall, imports enjoyed a strong expansion. The growth pace was the most rapid in 2018 with an increase of 35% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest bearing housing with ball bearing supplier to Austria, with a 49% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.0% per year) and South Korea (-0.8% per year).

In value terms, the largest bearing housing with ball bearing suppliers to Austria were Germany ($X), China ($X) and Italy ($X), together comprising 73% of total imports. Japan, Belgium, South Korea, Denmark, France and Slovakia lagged somewhat behind, together accounting for a further 13%.

Belgium, with a CAGR of +30.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 an increase of 21% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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