Czech Republic: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in the Czech Republic

After four years of growth, the Czech spherical roller bearing market decreased by -38.5% to $X in 2021. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then fell dramatically in the following year.

Spherical Roller Bearing Production in the Czech Republic

In value terms, spherical roller bearing production shrank notably to $X in 2021 estimated in export price. Overall, production, however, saw prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 53%. As a result, production reached the peak level of $X, and then contracted sharply in the following year.

Spherical Roller Bearing Exports

Exports from the Czech Republic

In 2021, the amount of spherical roller bearings exported from the Czech Republic totaled X tons, picking up by 1.7% on the previous year. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +50.4% against 2016 indices. The pace of growth was the most pronounced in 2019 with an increase of 25%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, spherical roller bearing exports expanded markedly to $X in 2021. In general, total exports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.2% against 2016 indices. The pace of growth was the most pronounced in 2020 when exports increased by 19%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

Exports by Country

China (X tons), Spain (X tons) and the United States (X tons) were the main destinations of spherical roller bearing exports from the Czech Republic, with a combined 55% share of total exports. These countries were followed by India, Brazil, Russia, the Netherlands, Slovakia, Italy, France, Turkey, Poland and the United Arab Emirates, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +232.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Spain ($X) and the United States ($X) constituted the largest markets for spherical roller bearing exported from the Czech Republic worldwide, together accounting for 48% of total exports. These countries were followed by India, Russia, the Netherlands, Brazil, Slovakia, Italy, France, Poland, Turkey and the United Arab Emirates, which together accounted for a further 38%.

The Netherlands, with a CAGR of +115.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, increasing by 5% against the previous year. Over the period under review, the export price, however, recorded a slight slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 11% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per ton), while the average price for exports to the United Arab Emirates ($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 Poland (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into the Czech Republic

In 2021, the amount of spherical roller bearings imported into the Czech Republic declined modestly to X tons, with a decrease of -3% against 2020 figures. In general, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2017 when imports increased by 26%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, spherical roller bearing imports soared to $X in 2021. Overall, imports showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Slovakia (X tons), Belgium (X tons) and China (X tons) were the main suppliers of spherical roller bearing imports to the Czech Republic, together comprising 58% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +25.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing suppliers to the Czech Republic were Belgium ($X), Germany ($X) and Slovakia ($X), together accounting for 61% of total imports.

Belgium, with a CAGR of +28.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, rising by 25% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, spherical roller bearing import price increased by +120.0% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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