EU: Ball Bearing Market 2024

Ball Bearing Market Size in the EU

In 2021, after two years of decline, there was significant growth in the EU ball bearing market, when its value increased by 29% to $X. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Ball Bearing Production in the EU

In value terms, ball bearing production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, saw a mild shrinkage. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ball Bearing Exports

Exports in the EU

In 2021, overseas shipments of ball bearings increased by 15% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing exports surged to $X in 2021. In general, exports recorded 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 (X tons) and Italy (X tons) represented roughly 43% of total exports in 2021. It was distantly followed by France (X tons), the Netherlands (X tons) and Poland (X tons), together constituting a 29% share of total exports. Austria (X tons), Spain (X tons), Slovakia (X tons), Belgium (X tons), Romania (X tons), Hungary (X tons), Bulgaria (X tons) and Slovenia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Slovenia (with a CAGR of +12.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest ball bearing supplier in the European Union, comprising 34% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by France, with a 13% share.

In Germany, ball bearing exports expanded at an average annual rate of +2.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+0.2% per year) and France (-1.9% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 5.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 8.7%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while Hungary ($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 (+4.2%), while the other leaders experienced more modest paces of growth.

Ball Bearing Imports

Imports in the EU

In 2021, purchases abroad of ball bearings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing imports soared to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of import peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

Germany was the largest importer of ball bearings in the European Union, with the volume of imports accounting for X tons, which was approx. 30% of total imports in 2021. Italy (X tons) took the second position in the ranking, followed by the Netherlands (X tons), Belgium (X tons), France (X tons) and Spain (X tons). All these countries together took approx. 41% share of total imports. Poland (X tons), Sweden (X tons), the Czech Republic (X tons), Denmark (X tons), Austria (X tons), Romania (X tons) and Hungary (X tons) took a minor share of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of ball bearings. At the same time, Sweden (+8.9%), Belgium (+6.4%), the Netherlands (+5.4%), Hungary (+5.4%), Romania (+5.0%), Poland (+3.4%), Spain (+2.2%), Denmark (+1.6%) and Italy (+1.1%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the European Union, with a CAGR of +8.9% from 2012-2021. France, Austria and the Czech Republic experienced a relatively flat trend pattern. The Netherlands (+2.7 p.p.), Belgium (+2.5 p.p.) and Sweden (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Germany saw its share reduced by -4.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported ball bearings in the European Union, comprising 35% of total imports. The second position in the ranking was held by Italy ($X), with a 10% share of total imports. It was followed by the Netherlands, with a 9.7% share.

In Germany, ball bearing imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Italy (+0.7% per year) and the Netherlands (+3.3% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, shrinking by -3.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 6.3%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per ton), while Sweden ($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 (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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