Czech Republic: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in the Czech Republic

In 2021, the Czech needle roller bearing market increased by 51% to $X, rising for the third year in a row after two years of decline. Overall, consumption saw slight growth. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Needle Roller Bearing Production in the Czech Republic

In value terms, needle roller bearing production expanded modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a drastic downturn. Needle roller bearing production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Needle Roller Bearing Exports

Exports from the Czech Republic

In 2021, overseas shipments of needle roller bearings decreased by -12.5% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, saw prominent growth. The growth pace was the most rapid in 2017 when exports increased by 210%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, needle roller bearing exports declined modestly to $X in 2021. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 131% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Spain (X tons) and France (X tons) were the main destinations of needle roller bearing exports from the Czech Republic, with a combined 89% share of total exports. The Netherlands, Italy and China lagged somewhat behind, together comprising a further 6.9%.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +128.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) were the largest markets for needle roller bearing exported from the Czech Republic worldwide, with a combined 75% share of total exports. The Netherlands, Italy and China lagged somewhat behind, together accounting for a further 14%.

Among the main countries of destination, the Netherlands, with a CAGR of +86.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average needle roller bearing export price stood at $X per ton in 2021, increasing by 12% against the previous year. In general, the export price, however, showed a abrupt contraction. The pace of growth appeared the most rapid in 2014 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($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 China (+8.7%), while the prices for the other major destinations experienced a decline.

Needle Roller Bearing Imports

Imports into the Czech Republic

In 2021, the amount of needle roller bearings imported into the Czech Republic amounted to X tons, rising by 8% against 2020. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.1% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 19%. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, needle roller bearing imports rose to $X in 2021. The total import value increased at an average annual rate of +2.4% 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 2017 when imports increased by 17% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of needle roller bearing to the Czech Republic, accounting for a 62% share of total imports. Moreover, needle roller bearing imports from Germany exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+5.2% per year) and Japan (-11.1% per year).

In value terms, Germany ($X) constituted the largest supplier of needle roller bearing to the Czech Republic, comprising 61% of total imports. The second position in the ranking was held by France ($X), with an 11% share of total imports. It was followed by Spain, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+1.2% per year) and Spain (+71.2% per year).

Import Prices by Country

In 2021, the average needle roller bearing import price amounted to $X per ton, reducing by -5.9% against the previous year. In general, the import price recorded a mild shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Spain ($X per ton), while the price for Japan ($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 United States (+13.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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