Eastern Europe: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Eastern Europe

In 2021, the East European needle roller bearing market increased by 5.4% to $X, rising for the fourth consecutive year after five years of decline. Overall, consumption, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 when the market value increased by 9%. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Needle Roller Bearing Production in Eastern Europe

In value terms, needle roller bearing production expanded to $X in 2021 estimated in export price. In general, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 6.7%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Needle Roller Bearing Exports

Exports in Eastern Europe

Needle roller bearing exports expanded remarkably to X tons in 2021, picking up by 7.2% compared with the previous year. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 22%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, needle roller bearing exports amounted to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 24%. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Slovakia (X tons) represented the main exporter of needle roller bearings, generating 58% of total exports. It was distantly followed by Romania (X tons) and the Czech Republic (X tons), together comprising a 33% share of total exports. The following exporters - Russia (X tons) and Poland (X tons) - together made up 6% of total exports.

From 2012 to 2021, average annual rates of growth with regard to needle roller bearing exports from Slovakia stood at -1.2%. At the same time, the Czech Republic (+18.3%), Russia (+2.9%) and Poland (+1.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +18.3% from 2012-2021. Romania experienced a relatively flat trend pattern. The Czech Republic (+11 p.p.) significantly strengthened its position in terms of the total exports, while Slovakia saw its share reduced by -11.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) remains the largest needle roller bearing supplier in Eastern Europe, comprising 63% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 15% share of total exports. It was followed by Romania, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Slovakia totaled -2.3%. The remaining exporting countries recorded the following average annual rates of exports growth: the Czech Republic (+7.6% per year) and Romania (-0.4% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, picking up by 7% against the previous year. Overall, the export price, however, saw a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 8%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while Romania ($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 (+1.4%), while the other leaders experienced a decline in the export price figures.

Needle Roller Bearing Imports

Imports in Eastern Europe

In 2021, the amount of needle roller bearings imported in Eastern Europe rose to X tons, picking up by 3.9% on 2020 figures. The total import volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when imports increased by 53%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, needle roller bearing imports rose significantly to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.0% 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 increased by +76.3% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 29% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of needle roller bearing imports in 2021 were the Czech Republic (X tons), Poland (X tons), Romania (X tons) and Hungary (X tons), together recording 74% of total import. It was distantly followed by Belarus (X tons) and Russia (X tons), together making up a 16% share of total imports. Slovakia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +32.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), the Czech Republic ($X) and Romania ($X) were the countries with the highest levels of imports in 2021, together comprising 60% of total imports.

Among the main importing countries, Romania, with a CAGR of +33.4%, saw 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 2021, the import price in Eastern Europe amounted to $X per ton, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2014 when the import price increased by 22%. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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