Austria: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Austria

In 2021, the Austrian needle roller bearing market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -7.3% against 2018 indices. Needle roller bearing consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Needle Roller Bearing Exports

Exports from Austria

Needle roller bearing exports from Austria soared to X tons in 2021, rising by 22% on 2020. The total export volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, needle roller bearing exports surged to $X in 2021. The total export value increased at an average annual rate of +4.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 28%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for needle roller bearing exports from Austria, with a 47% share of total exports. Moreover, needle roller bearing exports to Mexico exceeded the volume sent to the second major destination, Germany (X tons), threefold. The United States (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.2% per year) and the United States (+3.6% per year).

In value terms, Mexico ($X), Germany ($X) and the United States ($X) were the largest markets for needle roller bearing exported from Austria worldwide, together accounting for 58% of total exports. China, Canada, Poland, Argentina, Spain and Slovakia lagged somewhat behind, together accounting for a further 14%.

In terms of the main countries of destination, Poland, with a CAGR of +34.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average needle roller bearing export price stood at $X per ton in 2021, surging by 2.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 an increase of 25% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Needle Roller Bearing Imports

Imports into Austria

After two years of decline, supplies from abroad of needle roller bearings increased by 7.5% to X tons in 2021. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.6% against 2018 indices. The pace of growth was the most pronounced in 2016 when imports increased by 26%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, needle roller bearing imports surged to $X in 2021. In general, total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 38%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of needle roller bearing to Austria, with a 76% share of total imports. Moreover, needle roller bearing imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), sevenfold. The third position in this ranking was held by China (X tons), with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+11.9% per year) and China (+15.9% per year).

In value terms, Germany ($X) constituted the largest supplier of needle roller bearing to Austria, comprising 71% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 12% share of total imports. It was followed by the United States, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (+4.6% per year) and the United States (+5.2% per year).

Import Prices by Country

In 2021, the average needle roller bearing import price amounted to $X per ton, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Slovakia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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