Eastern Europe: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Eastern Europe

The East European tapered roller bearing market shrank to $X in 2022, with a decrease of -8.5% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Tapered Roller Bearing Production in Eastern Europe

In value terms, tapered roller bearing production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Tapered Roller Bearing Exports

Exports in Eastern Europe

In 2022, the amount of tapered roller bearings exported in Eastern Europe was estimated at X tons, rising by 13% against the previous year. The total export volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 20% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, tapered roller bearing exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 28% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Romania (X tons), distantly followed by Poland (X tons), Hungary (X tons), Slovakia (X tons), Russia (X tons) and Ukraine (X tons) represented the largest exporters of tapered roller bearings, together creating 95% of total exports. Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +69.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the largest tapered roller bearing supplier in Eastern Europe, comprising 45% of total exports. The second position in the ranking was taken by Hungary ($X), with an 18% share of total exports. It was followed by Poland, with an 18% share.

From 2012 to 2022, the average annual growth rate of value in Romania stood at +6.7%. In the other countries, the average annual rates were as follows: Hungary (+5.4% per year) and Poland (+3.2% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, picking up by 6.9% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 7.1%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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 ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+0.9%), while the other leaders experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports in Eastern Europe

In 2022, overseas purchases of tapered roller bearings increased by 0.5% to X tons, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 35%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, tapered roller bearing imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 30%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Russia represented the largest importer of tapered roller bearings in Eastern Europe, with the volume of imports accounting for X tons, which was near 36% of total imports in 2022. Poland (X tons) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (11%), Hungary (11%), the Czech Republic (8.8%), Belarus (7.3%) and Ukraine (5.8%).

From 2012 to 2022, average annual rates of growth with regard to tapered roller bearing imports into Russia stood at +2.9%. At the same time, Slovakia (+12.6%), Hungary (+5.1%) and Poland (+3.9%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +12.6% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Ukraine (-2.5%) and Belarus (-8.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Slovakia, Russia, Hungary and Poland increased by +7.1, +4, +3 and +2.3 percentage points, 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) constituted the countries with the highest levels of imports in 2022, with a combined 58% share of total imports. Hungary, Slovakia, Belarus and Ukraine lagged somewhat behind, together comprising a further 32%.

Slovakia, with a CAGR of +9.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 2022, approximately equating the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by 13%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 Belarus (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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