Eastern Europe: Roller Bearing Market 2022

Roller Bearing Market Size in Eastern Europe

The East European roller bearing market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Roller Bearing Production in Eastern Europe

In value terms, roller bearing production rose sharply to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Roller Bearing Exports

Exports in Eastern Europe

After two years of decline, shipments abroad of roller bearings increased by 16% to X tons in 2021. Over the period under review, exports, however, saw a noticeable decline. The pace of growth was the most pronounced in 2013 with an increase of 36% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, roller bearing exports skyrocketed to $X in 2021. Overall, exports, however, showed a pronounced descent. The growth pace was the most rapid in 2013 with an increase of 21%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia represented the key exporter of roller bearings in Eastern Europe, with the volume of exports recording X tons, which was near 64% of total exports in 2021. Poland (X tons) ranks second in terms of the total exports with a 17% share, followed by Romania (8.6%). The Czech Republic (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to roller bearing exports from Slovakia stood at +2.5%. At the same time, Bulgaria (+9.5%) and Poland (+5.9%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +9.5% from 2012-2021. By contrast, the Czech Republic (-2.5%) and Romania (-17.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Slovakia and Poland increased by +22 and +8.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Slovakia ($X) remains the largest roller bearing supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was taken by Poland ($X), with a 21% share of total exports. It was followed by Romania, with a 10% share.

In Slovakia, roller bearing exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Poland (+2.8% per year) and Romania (-17.5% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 4.8% against the previous year. In general, the export price, however, continues to indicate a slight setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 18% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($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 Czech Republic (+5.5%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports in Eastern Europe

In 2021, after three years of decline, there was significant growth in purchases abroad of roller bearings, when their volume increased by 29% to X tons. Overall, imports, however, continue to indicate a mild contraction. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, roller bearing imports skyrocketed to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) represented the key importer of roller bearings, comprising 34% of total imports. The Czech Republic (X tons) held the second position in the ranking, followed by Russia (X tons), Romania (X tons), Hungary (X tons) and Slovakia (X tons). All these countries together held near 53% share of total imports. Bulgaria (X tons) followed a long way behind the leaders.

Imports into Poland increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Bulgaria (+7.1%) and Romania (+5.9%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +7.1% from 2012-2021. Slovakia experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.9%), Russia (-5.6%) and Hungary (-14.0%) illustrated a downward trend over the same period. Poland (+11 p.p.), Romania (+5.6 p.p.) and Bulgaria (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Russia and Hungary saw its share reduced by -6.8% and -15% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Romania ($X), with a combined 67% share of total imports. Russia, Hungary, Slovakia and Bulgaria lagged somewhat behind, together comprising a further 24%.

Among the main importing countries, Bulgaria, with a CAGR of +7.3%, 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

The import price in Eastern Europe stood at $X per ton in 2021, surging by 9.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2013 an increase of 18% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: 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 2021, the most notable rate of growth in terms of prices was attained by Hungary (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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