EU: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in the EU

In 2022, after two years of growth, there was decline in the EU cylindrical roller bearing market, when its value decreased by -0.5% to $X. The total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +29.5% against 2018 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Cylindrical Roller Bearing Production in the EU

In value terms, cylindrical roller bearing production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Cylindrical Roller Bearing Exports

Exports in the EU

In 2022, cylindrical roller bearing exports in the European Union declined slightly to X tons, reducing by -2.6% on the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 25%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, cylindrical roller bearing exports contracted modestly to $X in 2022. The total export value increased at an average annual rate of +1.0% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 12%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany represented the key exporting country with an export of around X tons, which amounted to 46% of total exports. Romania (X tons) ranks second in terms of the total exports with a 16% share, followed by Slovakia (12%). Poland (X tons), France (X tons), Italy (X tons), the Netherlands (X tons), Spain (X tons), Sweden (X tons), Austria (X tons) and the Czech Republic (X tons) took a relatively small share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of cylindrical roller bearings. At the same time, Spain (+22.2%), the Czech Republic (+5.7%), Italy (+4.1%), Poland (+3.8%), the Netherlands (+3.6%), Romania (+2.9%), Slovakia (+2.3%) and France (+2.0%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +22.2% from 2012-2022. Austria experienced a relatively flat trend pattern. By contrast, Sweden (-2.1%) illustrated a downward trend over the same period. Romania (+2.8 p.p.) and Spain (+2 p.p.) significantly strengthened its position in terms of the total exports, while Germany saw its share reduced by -3.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier in the European Union, comprising 53% of total exports. The second position in the ranking was taken by Romania ($X), with a 9.2% share of total exports. It was followed by France, with an 8.8% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Romania (+1.3% per year) and France (+5.3% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 17% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.5%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports in the EU

In 2022, the amount of cylindrical roller bearings imported in the European Union shrank modestly to X tons, remaining relatively unchanged against the year before. The total import volume increased at an average annual rate of +3.8% 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 with an increase of 15% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, cylindrical roller bearing imports declined slightly to $X in 2022. The total import value increased at an average annual rate of +2.9% 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 2018 with an increase of 17% against the previous year. The level of import peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, Germany (X tons) represented the largest importer of cylindrical roller bearings, achieving 36% of total imports. It was distantly followed by Spain (X tons), Italy (X tons), the Czech Republic (X tons) and France (X tons), together committing a 29% share of total imports. The Netherlands (X tons), Romania (X tons), Sweden (X tons), Slovakia (X tons), Belgium (X tons), Poland (X tons) and Austria (X tons) held a little share of total imports.

Imports into Germany increased at an average annual rate of +4.3% from 2012 to 2022. At the same time, Spain (+18.5%), Slovakia (+18.4%), Romania (+10.1%), Poland (+6.7%), Austria (+5.2%), the Czech Republic (+2.7%), Italy (+2.5%), France (+1.5%) and the Netherlands (+1.2%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +18.5% from 2012-2022. By contrast, Sweden (-1.6%) and Belgium (-3.6%) illustrated a downward trend over the same period. Spain (+7.5 p.p.), Slovakia (+3 p.p.) and Romania (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Sweden and Belgium saw its share reduced by -3% and -4.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported cylindrical roller bearings in the European Union, comprising 38% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by France, with a 10% share.

In Germany, cylindrical roller bearing imports expanded at an average annual rate of +3.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Italy (+1.5% per year) and France (+6.1% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, declining by -3.9% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 8.1%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices remained at a somewhat 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 France ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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