Croatia: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Croatia

In 2022, the Croatian cylindrical roller bearing market increased by 19% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, saw a noticeable shrinkage. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Cylindrical Roller Bearing Exports

Exports from Croatia

In 2022, shipments abroad of cylindrical roller bearings decreased by -38.8% to X tons, falling for the third year in a row after four years of growth. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2014 with an increase of 1,207% against the previous year. The Croatia exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports declined significantly to $X in 2022. Overall, exports, however, saw significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 1,243% against the previous year. The Croatia exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. Romania (X tons) took the next position in the ranking, followed by Slovakia (X tons). All these countries together took approx. 13% share of total exports. Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Croatia, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Croatia stood at $X per ton in 2022, rising by 4% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cylindrical roller bearing export price increased by +101.2% against 2019 indices. The growth pace was the most rapid in 2021 an increase of 55% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Croatia

In 2022, purchases abroad of cylindrical roller bearings decreased by -8.8% to X tons, falling for the second consecutive year after four years of growth. In general, imports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2013 when imports increased by 72%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, cylindrical roller bearing imports dropped to $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when imports increased by 44% against the previous year. Croatia imports peaked at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X tons), Russia (X tons) and Germany (X tons) represented the largest importer of cylindrical roller bearings in the world, constituting 42% of total import. It was distantly followed by the United States (X tons), constituting a 5.7% share of total imports. The following importers - Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 43% share of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

In terms of the main importing countries, Spain, with a CAGR of +13.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Croatia stood at $X per ton in 2022, stabilizing at the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cylindrical roller bearing import price increased by +28.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 131% against the previous year. Croatia import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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