EU: Bearing Market 2025

Bearing Market Size in the EU

In 2021, the EU bearing market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Bearing Production in the EU

In value terms, bearing production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 8.5%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Bearing Exports

Exports in the EU

After two years of decline, overseas shipments of ball and roller bearings increased by 10% to X tons in 2021. In general, exports recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, bearing exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany represented the key exporter of ball and roller bearings in the European Union, with the volume of exports finishing at X tons, which was approx. 30% of total exports in 2021. France (X tons) held the second position in the ranking, followed by Italy (X tons), the Netherlands (X tons), Poland (X tons), Romania (X tons), Austria (X tons) and Slovakia (X tons). All these countries together held approx. 52% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to bearing exports from Germany stood at +1.9%. At the same time, the Netherlands (+4.4%) and Poland (+4.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +4.4% from 2012-2021. Romania, Italy and France experienced a relatively flat trend pattern. By contrast, Slovakia (-1.4%) and Austria (-3.5%) illustrated a downward trend over the same period. Germany (+3.2 p.p.), the Netherlands (+2 p.p.) and Poland (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while France and Austria saw its share reduced by -1.7% and -2.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest bearing supplier in the European Union, comprising 38% of total exports. The second position in the ranking was taken by France ($X), with a 13% share of total exports. It was followed by Italy, with a 10% share.

In Germany, bearing exports expanded at an average annual rate of +1.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: France (-0.8% per year) and Italy (+0.8% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 6.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 10%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.0%), while the other leaders experienced more modest paces of growth.

Bearing Imports

Imports in the EU

In 2021, after two years of decline, there was significant growth in purchases abroad of ball and roller bearings, when their volume increased by 21% to X tons. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany represented the main importer of ball and roller bearings in the European Union, with the volume of imports reaching X tons, which was approx. 31% of total imports in 2021. Italy (X tons) took a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by France (9.4%), the Netherlands (7.7%), Spain (6.6%), Belgium (6.1%) and Sweden (4.5%). Poland (X tons), Denmark (X tons), the Czech Republic (X tons), Austria (X tons), Romania (X tons) and Hungary (X tons) took a little share of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of ball and roller bearings. At the same time, Spain (+8.8%), Denmark (+8.7%), Romania (+6.0%), Sweden (+4.4%), Poland (+4.4%), the Netherlands (+3.4%), Hungary (+3.3%) and Italy (+1.4%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +8.8% from 2012-2021. France, Belgium, the Czech Republic and Austria experienced a relatively flat trend pattern. Spain (+2.8 p.p.) and Denmark (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Belgium, France and Germany saw its share reduced by -1.5%, -1.7% and -4.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported ball and roller bearings in the European Union, comprising 33% of total imports. The second position in the ranking was taken by France ($X), with a 10% share of total imports. It was followed by Italy, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: France (-0.1% per year) and Italy (+0.4% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, increasing by 1.6% against the previous year. In general, the import price, however, showed a slight contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 8.1% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, 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 ($X per ton), while Sweden ($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 (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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