Eastern Europe: Bearing Market 2024

Bearing Market Size in Eastern Europe

The East European bearing market dropped to $X in 2022, standing approx. at the previous year. In general, consumption, however, saw a noticeable curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Bearing Production in Eastern Europe

In value terms, bearing production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bearing Exports

Exports in Eastern Europe

In 2022, exports of ball or roller bearings in Eastern Europe expanded markedly to X tons, picking up by X% on 2021 figures. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing exports expanded markedly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

In 2022, Romania (X tons), Poland (X tons) and Slovakia (X tons) was the main exporter of ball or roller bearings in Eastern Europe, mixing up X% of total export. Hungary (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%) and the Czech Republic (X%). Bulgaria (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing supplying countries in Eastern Europe were Romania ($X), Slovakia ($X) and Poland ($X), together accounting for X% of total exports. The Czech Republic, Hungary, Russia and Bulgaria lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Bearing Imports

Imports in Eastern Europe

In 2022, imports of ball or roller bearings in Eastern Europe contracted to X tons, with a decrease of X% on the previous year. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, bearing imports declined slightly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Russia (X tons) was the largest importer of ball or roller bearings, generating X% of total imports. Poland (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%), Slovakia (X%), Romania (X%), Hungary (X%) and Belarus (X%).

Russia experienced a relatively flat trend pattern with regard to volume of imports of ball or roller bearings. At the same time, Romania (X%), Poland (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Slovakia (X%) and Belarus (X%) illustrated a downward trend over the same period. Poland (X p.p.), Romania (X p.p.), Russia (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while Slovakia and Belarus saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Hungary, Romania, Slovakia and Belarus lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Romania, with a CAGR of X%, 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

In 2022, the import price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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