EU: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in the EU

In 2022, the EU market for bearing housings incorporating ball or roller bearings increased by 8.8% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in the EU

In value terms, bearing housing with ball bearing production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 31%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in the EU

In 2022, bearing housing with ball bearing exports in the European Union expanded modestly to X tons, surging by 1.8% on the previous year. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 17% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, bearing housing with ball bearing exports fell to $X in 2022. The total export value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 22%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced slightly in the following year.

Exports by Country

In 2022, Germany (X tons) represented the major exporter of bearing housings incorporating ball or roller bearings, comprising 34% of total exports. Italy (X tons) ranks second in terms of the total exports with a 19% share, followed by France (12%), Slovakia (6.6%), the Netherlands (5.4%) and Sweden (4.6%). The following exporters - Denmark (X tons) and Poland (X tons) - each finished at a 6.2% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +16.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest bearing housing with ball bearing supplier in the European Union, comprising 46% of total exports. The second position in the ranking was taken by Italy ($X), with a 15% share of total exports. It was followed by France, with an 8.5% share.

In Germany, bearing housing with ball bearing exports expanded at an average annual rate of +3.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Italy (+5.7% per year) and France (+3.5% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, which is down by -5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 9%. The level of export peaked at $X per ton in 2021, and then declined slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+7.3%), while the other leaders experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in the EU

In 2022, approx. X tons of bearing housings incorporating ball or roller bearings were imported in the European Union; with an increase of 9.9% compared with the year before. The total import volume increased at an average annual rate of +4.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, bearing housing with ball bearing imports rose sharply to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period 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 2021 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons) was the largest importer of bearing housings incorporating ball or roller bearings, generating 30% of total imports. Italy (X tons) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by France (8.7%), Poland (6.5%) and the Netherlands (6.1%). Belgium (X tons), Spain (X tons), Hungary (X tons), Denmark (X tons), Austria (X tons), the Czech Republic (X tons), Finland (X tons) and Sweden (X tons) followed a long way behind the leaders.

Imports into Germany increased at an average annual rate of +5.0% from 2012 to 2022. At the same time, Poland (+11.7%), Finland (+8.4%), Spain (+7.7%), Austria (+6.9%), Denmark (+6.2%), Italy (+5.6%), the Czech Republic (+5.2%), Hungary (+4.2%) and the Netherlands (+3.9%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +11.7% from 2012-2022. France and Sweden experienced a relatively flat trend pattern. By contrast, Belgium (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland increased by +3.1 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported bearing housings incorporating ball or roller bearings in the European Union, comprising 33% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by France, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value in Germany amounted to +5.3%. In the other countries, the average annual rates were as follows: Italy (+1.9% per year) and France (+2.7% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, dropping by -1.7% against the previous year. In general, the import price showed a mild contraction. The most prominent rate of growth was recorded in 2020 when the import price increased by 3.6%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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