Czech Republic: Tools For Bearing Market 2024

Tools For Bearing Market Size in the Czech Republic

The Czech tools for bearing market skyrocketed to $X in 2022, rising by 16% against the previous year. Over the period under review, consumption enjoyed a strong expansion. Tools for bearing consumption peaked in 2022 and is expected to retain growth in the immediate term.

Tools For Bearing Production in the Czech Republic

In value terms, tools for bearing production rose markedly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a strong expansion. The growth pace was the most rapid in 2020 when the production volume increased by 74% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Tools For Bearing Exports

Exports from the Czech Republic

For the fifth consecutive year, the Czech Republic recorded decline in shipments abroad of balls, needles and rollers for ball or roller bearings, which decreased by -7.8% to X tons in 2022. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 88% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, tools for bearing exports fell dramatically to $X in 2022. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X tons) was the main destination for tools for bearing exports from the Czech Republic, with a 77% share of total exports. Moreover, tools for bearing exports to Slovakia exceeded the volume sent to the second major destination, Germany (X tons), eightfold. Romania (X tons) ranked third in terms of total exports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-15.0% per year) and Romania (-11.3% per year).

In value terms, Slovakia ($X), Germany ($X) and the United States ($X) appeared to be the largest markets for tools for bearing exported from the Czech Republic worldwide, together comprising 85% of total exports.

Slovakia, with a CAGR of +8.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average tools for bearing export price amounted to $X per ton, declining by -11.6% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 45%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Romania ($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 the United States (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Tools For Bearing Imports

Imports into the Czech Republic

In 2022, supplies from abroad of balls, needles and rollers for ball or roller bearings increased by 23% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 58%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tools for bearing imports declined to $X in 2022. Over the period under review, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of tools for bearing to the Czech Republic, with a 52% share of total imports. Moreover, tools for bearing imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. India (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-2.2% per year) and India (+14.1% per year).

In value terms, Germany ($X) constituted the largest supplier of balls, needles and rollers for ball or roller bearings to the Czech Republic, comprising 51% of total imports. The second position in the ranking was taken by Poland ($X), with an 18% share of total imports. It was followed by China, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-0.0% per year) and China (+3.9% per year).

Import Prices by Country

The average tools for bearing import price stood at $X per ton in 2022, falling by -24.6% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +5.0% 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 the average import price increased by 55%. The import price peaked at $X per ton in 2021, and then declined sharply in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Slovakia ($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 (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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