EU: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in the EU

In 2021, the EU market for bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -10% to $X, falling for the fourth year in a row after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in the EU

In value terms, bearing housing without ball bearing production skyrocketed to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -27.0% against 2017 indices. The growth pace was the most rapid in 2016 with an increase of 29% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports in the EU

In 2021, after two years of decline, there was significant growth in overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume increased by 20% to X tons. The total export volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.7% 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, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) represented the key exporter of bearing housings not incorporating ball or roller bearings, plain shaft bearings, mixing up 35% of total exports. France (X tons) took the second position in the ranking, followed by Italy (X tons), Sweden (X tons) and the Netherlands (X tons). All these countries together held near 29% share of total exports. Spain (X tons), Belgium (X tons), Austria (X tons), Poland (X tons), the Czech Republic (X tons), Slovakia (X tons), Slovenia (X tons) and Portugal (X tons) took a little share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of bearing housings not incorporating ball or roller bearings, plain shaft bearings. At the same time, the Netherlands (+21.6%), Slovenia (+17.4%), the Czech Republic (+14.4%), Italy (+8.6%), Portugal (+8.5%), Spain (+4.7%) and France (+3.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +21.6% from 2012-2021. Poland experienced a relatively flat trend pattern. By contrast, Sweden (-2.2%), Slovakia (-3.3%), Belgium (-3.4%) and Austria (-5.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands, Italy, the Czech Republic, Slovenia and France increased by +3.9, +3.7, +2.4, +1.9 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest bearing housing without ball bearing supplier in the European Union, comprising 49% of total exports. The second position in the ranking was taken by Austria ($X), with a 6.3% share of total exports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2021, the average annual growth rate of value in Germany amounted to +2.0%. In the other countries, the average annual rates were as follows: Austria (-2.0% per year) and the Netherlands (+16.2% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, leveling off at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2013 an increase of 10%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per ton), while Slovenia ($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 (+8.5%), while the other leaders experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports in the EU

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were imported in the European Union; with an increase of 28% on the previous year's figure. The total import volume increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded 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 housing without ball bearing imports surged to $X in 2021. The total import value increased at an average annual rate of +3.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany was the key importer of bearing housings not incorporating ball or roller bearings, plain shaft bearings in the European Union, with the volume of imports finishing at X tons, which was near 29% of total imports in 2021. It was distantly followed by Italy (X tons), France (X tons), Sweden (X tons), Poland (X tons), Hungary (X tons), Belgium (X tons) and Romania (X tons), together comprising a 49% share of total imports. Spain (X tons), the Netherlands (X tons), Austria (X tons), the Czech Republic (X tons) and Denmark (X tons) held a minor share of total imports.

Imports into Germany increased at an average annual rate of +2.8% from 2012 to 2021. At the same time, Romania (+20.6%), Poland (+13.0%), the Netherlands (+11.6%), Italy (+8.2%), Sweden (+6.2%), France (+5.4%), the Czech Republic (+3.7%), Hungary (+2.6%) and Belgium (+1.6%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the European Union, with a CAGR of +20.6% from 2012-2021. Spain experienced a relatively flat trend pattern. By contrast, Austria (-1.5%) and Denmark (-5.8%) illustrated a downward trend over the same period. Romania (+4.4 p.p.), Poland (+3.6 p.p.), Italy (+2.7 p.p.) and the Netherlands (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Spain, Austria, Germany and Denmark saw its share reduced by -2%, -2.2%, -2.6% and -2.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported bearing housings not incorporating ball or roller bearings, plain shaft bearings in the European Union, comprising 25% of total imports. The second position in the ranking was held by Italy ($X), with a 9.1% share of total imports. It was followed by France, with a 9% share.

In Germany, bearing housing without ball bearing imports expanded at an average annual rate of +2.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+5.8% per year) and France (+4.3% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, surging by 2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 7.1% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+7.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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