Czech Republic: Bearing Market 2024

Bearing Market Size in the Czech Republic

The Czech bearing market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Bearing Production in the Czech Republic

In value terms, bearing production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible reduction. Bearing production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Bearing Exports

Exports from the Czech Republic

In 2021, overseas shipments of ball and roller bearings decreased by -7.5% to X tons, falling for the second year in a row after three years of growth. The total export volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 40% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, bearing exports expanded notably to $X in 2021. The total export value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for bearing exports from the Czech Republic, accounting for a 5,693% share of total exports. Moreover, bearing exports to Germany exceeded the volume sent to the second major destination, Slovakia (X tons), fourfold. The third position in this ranking was held by China (X tons), with a 691% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to Germany stood at -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (-1.4% per year) and China (-3.2% per year).

In value terms, Germany ($X) remains the key foreign market for ball and roller bearings exports from the Czech Republic, comprising 58% of total exports. The second position in the ranking was held by Slovakia ($X), with a 14% share of total exports. It was followed by China, with a 7.1% share.

From 2012 to 2020, the average annual growth rate of value to Germany stood at +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+5.7% per year) and China (+3.8% per year).

Export Prices by Country

In 2020, the average bearing export price amounted to $X per ton, rising by 6.2% against the previous year. Over the period under review, the export price, however, recorded a slight reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2020, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2020, amid the top suppliers, the countries with the highest prices were Russia ($X per ton) and India ($X per ton), while the average price for exports to Slovakia ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into the Czech Republic

In 2021, the amount of ball and roller bearings imported into the Czech Republic shrank modestly to X tons, approximately reflecting the year before. Over the period under review, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 22% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, bearing imports surged to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tons) was the main supplier of bearing to the Czech Republic, with a 13,214% share of total imports. Moreover, bearing imports from Germany exceeded the figures recorded by the second-largest supplier, Slovakia (X tons), sixfold. The third position in this ranking was held by France (X tons), with a 1,501% share.

From 2012 to 2020, the average annual growth rate of volume from Germany stood at +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-2.4% per year) and France (+3.3% per year).

In value terms, Germany ($X) constituted the largest supplier of ball and roller bearings to the Czech Republic, comprising 65% of total imports. The second position in the ranking was taken by Slovakia ($X), with an 11% share of total imports. It was followed by France, with a 7.4% share.

From 2012 to 2020, the average annual growth rate of value from Germany stood at +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (-4.8% per year) and France (+0.8% per year).

Import Prices by Country

In 2020, the average bearing import price amounted to $X per ton, increasing by 5.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 27%. The import price peaked in 2020 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the highest price was recorded for prices from Romania ($X per ton) and Poland ($X per ton), while the price for Slovakia ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Romania (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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