EU: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in the EU

The EU spherical roller bearing market reached $X in 2021, with an increase of 4.9% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.7% against 2016 indices. Over the period under review, the market attained the peak level in 2021 and is likely to see gradual growth in the immediate term.

Spherical Roller Bearing Production in the EU

In value terms, spherical roller bearing production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 14% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Spherical Roller Bearing Exports

Exports in the EU

In 2021, shipments abroad of spherical roller bearings increased by 5% to X tons, rising for the fourth consecutive year after three years of decline. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 11%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, spherical roller bearing exports expanded rapidly to $X in 2021. Overall, exports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2018 when exports increased by 17%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Germany (X tons) and Sweden (X tons) were the key exporters of spherical roller bearings in the European Union, together comprising 62% of total exports. Belgium (X tons) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Romania (8%) and France (5.8%). The Czech Republic (X tons) and Italy (X tons) took a little 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 +5.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing supplying countries in the European Union were Germany ($X), Sweden ($X) and Belgium ($X), with a combined 74% share of total exports. France, Romania, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 17%.

Among the main exporting countries, France, with a CAGR of +3.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, rising by 7.5% against the previous year. In general, the export price, however, continues to indicate a perceptible curtailment. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was France ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.8%), while the other leaders experienced mixed trends in the export price figures.

Spherical Roller Bearing Imports

Imports in the EU

In 2021, imports of spherical roller bearings in the European Union soared to X tons, growing by 29% on the year before. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, spherical roller bearing imports expanded markedly to $X in 2021. In general, imports, however, recorded a slight setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belgium (X tons), distantly followed by Denmark (X tons), Germany (X tons), France (X tons), Italy (X tons), Poland (X tons) and Spain (X tons) represented the major importers of spherical roller bearings, together constituting 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of +12.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing importing markets in the European Union were Belgium ($X), Germany ($X) and France ($X), with a combined 52% share of total imports. Denmark, Italy, Spain and Poland lagged somewhat behind, together comprising a further 29%.

Spain, with a CAGR of +9.3%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, reducing by -12% against the previous year. Overall, the import price saw a noticeable contraction. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (-1.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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