Czech Republic: Ball Bearing Market 2024

Ball Bearing Market Size in the Czech Republic

In 2021, the Czech ball bearing market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Ball Bearing Production in the Czech Republic

In value terms, ball bearing production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a mild slump. Ball bearing production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Ball Bearing Exports

Exports from the Czech Republic

After three years of growth, overseas shipments of ball bearings decreased by -3.8% to X tons in 2021. The total export volume increased at an average annual rate of +5.4% over the period 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 when exports increased by 62%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing exports surged to $X in 2021. The total export value increased at an average annual rate of +5.2% over the period 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 29% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Germany (X tons), Slovakia (X tons) and Austria (X tons) were the main destinations of ball bearing exports from the Czech Republic, with a combined 76% share of total exports. These countries were followed by China, Japan, Poland, India and France, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +75.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for ball bearings exports from the Czech Republic, comprising 65% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 9.4% share of total exports. It was followed by Austria, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+14.3% per year) and Austria (-2.0% per year).

Export Prices by Country

In 2021, the average ball bearing export price amounted to $X per ton, surging by 21% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($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 France (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into the Czech Republic

In 2021, purchases abroad of ball bearings decreased by -6.3% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 24%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ball bearing imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by 21%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest ball bearing supplier to the Czech Republic, accounting for a 43% share of total imports. Moreover, ball bearing imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. China (X tons) ranked third in terms of total imports with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.5% per year) and China (-15.4% per year).

In value terms, Germany ($X) constituted the largest supplier of ball bearings to the Czech Republic, comprising 44% of total imports. The second position in the ranking was held by France ($X), with a 5.9% share of total imports. It was followed by Slovakia, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.8% per year) and Slovakia (-2.0% per year).

Import Prices by Country

The average ball bearing import price stood at $X per ton in 2021, increasing by 25% against the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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