Eastern Europe: Tools For Bearing Market 2025

Tools For Bearing Market Size in Eastern Europe

The East European tools for bearing market shrank slightly to $X in 2022, dropping by -2.9% against the previous year. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Tools For Bearing Production in Eastern Europe

In value terms, tools for bearing production reached $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.0% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 23% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tools For Bearing Exports

Exports in Eastern Europe

In 2022, overseas shipments of balls, needles and rollers for ball or roller bearings increased by 10% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, tools for bearing exports surged to $X in 2022. The total export value increased at an average annual rate of +2.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Poland was the main exporting country with an export of about X tons, which amounted to 48% of total exports. It was distantly followed by Slovakia (X tons), Hungary (X tons) and Romania (X tons), together achieving a 46% share of total exports. Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tools for bearing exports from Poland stood at +5.9%. At the same time, Romania (+15.7%) and Hungary (+2.0%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +15.7% from 2012-2022. Slovakia experienced a relatively flat trend pattern. By contrast, Ukraine (-3.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland and Romania increased by +11 and +6.8 percentage points, respectively.

In value terms, Poland ($X) remains the largest tools for bearing supplier in Eastern Europe, comprising 46% of total exports. The second position in the ranking was held by Slovakia ($X), with a 20% share of total exports. It was followed by Romania, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to +5.7%. In the other countries, the average annual rates were as follows: Slovakia (-0.0% per year) and Romania (+13.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, picking up by 6.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 11%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Romania ($X per ton), while Hungary ($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 (+0.9%), while the other leaders experienced mixed trends in the export price figures.

Tools For Bearing Imports

Imports in Eastern Europe

In 2022, supplies from abroad of balls, needles and rollers for ball or roller bearings increased by 0.9% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +2.0% 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 when imports increased by 31% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, tools for bearing imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Slovakia (X tons) and Romania (X tons) represented the key importers of balls, needles and rollers for ball or roller bearings in Eastern Europe, together constituting 64% of total imports. Poland (X tons) took the next position in the ranking, distantly followed by Russia (X tons) and Estonia (X tons). All these countries together held approx. 24% share of total imports. The Czech Republic (X tons) and Hungary (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +43.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tools for bearing importing markets in Eastern Europe were Slovakia ($X), Romania ($X) and Poland ($X), with a combined 78% share of total imports. The Czech Republic, Russia, Hungary and Estonia lagged somewhat behind, together comprising a further 17%.

Among the main importing countries, Estonia, with a CAGR of +21.6%, recorded the highest rates of growth with regard to 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, dropping by -7.8% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 31%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Estonia ($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 (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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