EU: Bearing Market 2024

Bearing Market Size in the EU

The EU bearing market shrank slightly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a noticeable decrease. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Bearing Production in the EU

In value terms, bearing production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Bearing Exports

Exports in the EU

In 2022, the amount of ball or roller bearings exported in the European Union reduced modestly to X tons, approximately reflecting the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, bearing exports contracted to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany was the largest exporter of ball or roller bearings in the European Union, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Italy (X tons), France (X tons), Romania (X tons), the Netherlands (X tons), Poland (X tons), Slovakia (X tons) and Austria (X tons), together creating a X% share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of ball or roller bearings. At the same time, the Netherlands (X%), Poland (X%) and Romania (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Italy, Slovakia and France experienced a relatively flat trend pattern. By contrast, Austria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Romania and Poland increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, bearing exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: France (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

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

Bearing Imports

Imports in the EU

In 2022, approx. X tons of ball or roller bearings were imported in the European Union; approximately reflecting 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then shrank slightly in the following year.

In value terms, bearing imports fell to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

Germany was the largest importer of ball or roller bearings in the European Union, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. Italy (X tons) took the second position in the ranking, followed by France (X tons), the Netherlands (X tons) and Spain (X tons). All these countries together held approx. X% share of total imports. Poland (X tons), Sweden (X tons), Austria (X tons), Denmark (X tons), the Czech Republic (X tons), Belgium (X tons), Slovakia (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bearing imports into Germany stood at X%. At the same time, Spain (X%), Romania (X%), the Netherlands (X%), Poland (X%), Denmark (X%), Sweden (X%), Italy (X%) and Austria (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. France and the Czech Republic experienced a relatively flat trend pattern. By contrast, Slovakia (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Slovakia (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, 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: Italy (X% per year) and France (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price saw a slight decrease. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Austria ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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