EU: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in the EU

The EU needle roller bearing market was estimated at $X in 2021, picking up by 11% against the previous year. The market value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Needle Roller Bearing Production in the EU

In value terms, needle roller bearing production soared to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Needle Roller Bearing Exports

Exports in the EU

In 2021, overseas shipments of needle roller bearings were finally on the rise to reach X tons after three years of decline. Overall, exports showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, needle roller bearing exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany represented the main exporting country with an export of about X tons, which amounted to 38% of total exports. Slovakia (X tons) held the second position in the ranking, followed by France (X tons), Romania (X tons) and the Czech Republic (X tons). All these countries together took near 52% share of total exports. The Netherlands (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of +18.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest needle roller bearing supplier in the European Union, comprising 51% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 15% share of total exports. It was followed by France, with a 12% share.

In Germany, needle roller bearing exports declined by an average annual rate of -1.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (-2.3% per year) and France (-1.0% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, growing by 5.2% against the previous year. In general, the export price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2018 an increase of 15%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per ton), while Romania ($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 Netherlands (+3.0%), while the other leaders experienced a decline in the export price figures.

Needle Roller Bearing Imports

Imports in the EU

In 2021, approx. X tons of needle roller bearings were imported in the European Union; surging by 9% on the previous year's figure. Total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -16.5% against 2019 indices. The growth pace was the most rapid in 2013 when imports increased by 19%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, needle roller bearing imports surged to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany was the key importer of needle roller bearings in the European Union, with the volume of imports accounting for X tons, which was approx. 46% of total imports in 2021. It was distantly followed by France (X tons), the Netherlands (X tons), Austria (X tons), Spain (X tons), Italy (X tons), the Czech Republic (X tons) and Sweden (X tons), together committing a 39% share of total imports.

Imports into Germany increased at an average annual rate of +3.6% from 2012 to 2021. At the same time, Spain (+18.3%), Sweden (+9.9%), Austria (+4.0%), the Czech Republic (+3.9%) and Italy (+2.2%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of +18.3% from 2012-2021. The Netherlands experienced a relatively flat trend pattern. By contrast, France (-1.3%) illustrated a downward trend over the same period. Spain (+3.5 p.p.) and Sweden (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Germany, the Netherlands and France saw its share reduced by -1.9%, -2.1% and -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported needle roller bearings in the European Union, comprising 37% of total imports. The second position in the ranking was held by France ($X), with an 8.1% share of total imports. It was followed by the Netherlands, with a 7.5% share.

In Germany, needle roller bearing imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: France (-1.0% per year) and the Netherlands (-1.1% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, rising by 7.7% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The growth pace was the most rapid in 2020 when the import price increased by 9.7%. 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 Italy ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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