Czech Republic: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in the Czech Republic

In 2022, the Czech market for bearing housings incorporating ball or roller bearings increased by 14% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed buoyant growth. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in the Czech Republic

In value terms, bearing housing with ball bearing production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable descent. The growth pace was the most rapid in 2018 when the production volume increased by 22% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from the Czech Republic

In 2022, overseas shipments of bearing housings incorporating ball or roller bearings decreased by -2.6% to X tons, falling for the third year in a row after three years of growth. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bearing housing with ball bearing exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 21%. 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 bearing housing with ball bearing exports from the Czech Republic, with a 87% share of total exports. It was followed by Germany (X tons), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia totaled +85.0%.

In value terms, Slovakia ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from the Czech Republic, comprising 45% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia stood at +40.2%.

Export Prices by Country

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, dropping by -16.6% against the previous year. Overall, the export price showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when the average export price increased by 60%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.5%).

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into the Czech Republic

In 2022, the amount of bearing housings incorporating ball or roller bearings imported into the Czech Republic surged to X tons, with an increase of 37% compared with the previous year's figure. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +52.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing with ball bearing imports rose notably to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +33.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 25%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and Serbia (X tons) were the main suppliers of bearing housing with ball bearing imports to the Czech Republic, with a combined 62% share of total imports. Vietnam, Slovakia, South Korea, France, Italy and Japan lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +104.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing with ball bearing suppliers to the Czech Republic were Germany ($X), China ($X) and Vietnam ($X), together accounting for 55% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +98.6%, 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 average import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, shrinking by -20.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 37%. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then shrank markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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