EU: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in the EU

After two years of decline, the EU ball bearing parts market increased by 15% to $X in 2021. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ball Bearing Parts Production in the EU

In value terms, ball bearing parts production expanded significantly to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible shrinkage. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Ball Bearing Parts Exports

Exports in the EU

In 2021, overseas shipments of parts of ball or roller bearings were finally on the rise to reach X tons after two years of decline. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing parts exports surged to $X in 2021. Overall, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Germany represented the key exporting country with an export of around X tons, which accounted for 32% of total exports. France (X tons) ranks second in terms of the total exports with a 14% share, followed by Romania (13%), Italy (7.7%), Bulgaria (7.3%), Slovakia (6.8%) and Poland (5.4%).

From 2012 to 2021, average annual rates of growth with regard to ball bearing parts exports from Germany stood at -2.2%. At the same time, Bulgaria (+8.6%) and Romania (+6.1%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +8.6% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Italy (-3.4%), Poland (-3.9%) and Slovakia (-9.1%) illustrated a downward trend over the same period. While the share of Romania (+6.7 p.p.), Bulgaria (+4.5 p.p.) and France (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Slovakia (-6.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest ball bearing parts supplier in the European Union, comprising 42% of total exports. The second position in the ranking was held by Romania ($X), with a 13% share of total exports. It was followed by France, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +2.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (+6.2% per year) and France (-2.2% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 7.4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2018 when the export price increased by 19% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while Bulgaria ($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 (+8.6%), while the other leaders experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports in the EU

In 2021, purchases abroad of parts of ball or roller bearings increased by 9.9% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ball bearing parts imports soared to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 21%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

France (X tons) and Germany (X tons) represented roughly 51% of total imports in 2021. Austria (X tons) held the next position in the ranking, followed by Italy (X tons), Slovakia (X tons) and Romania (X tons). All these countries together held near 32% share of total imports. Sweden (X tons) took a little share of total imports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of +8.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing parts importing markets in the European Union were Germany ($X), France ($X) and Italy ($X), together accounting for 59% of total imports.

Among the main importing countries, Italy, with a CAGR of +7.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, picking up by 10% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 11%. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while France ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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