Europe: Ball Bearing Market 2024

Ball Bearing Market Size in Europe

In 2021, the Europe ball bearing market increased by 24% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Ball Bearing Production in Europe

In value terms, ball bearing production rose remarkably to $X in 2021 estimated in export price. Overall, production, however, showed a mild reduction. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ball Bearing Exports

Exports in Europe

In 2021, shipments abroad of ball bearings increased by 15% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a relatively flat trend pattern. 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, ball bearing exports surged to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X tons) and Italy (X tons) represented roughly 40% of total exports in 2021. It was distantly followed by France (X tons), the Netherlands (X tons) and Poland (X tons), together committing a 28% share of total exports. Austria (X tons), Spain (X tons), Slovakia (X tons), Belgium (X tons), the UK (X tons), Romania (X tons), Hungary (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +5.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest ball bearing supplier in Europe, comprising 32% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by France, with a 12% share.

In Germany, ball bearing exports increased at an average annual rate of +2.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+0.2% per year) and France (-1.9% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, increasing by 5.3% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 8.8% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while Hungary ($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 (+4.2%), while the other leaders experienced more modest paces of growth.

Ball Bearing Imports

Imports in Europe

In 2021, supplies from abroad of ball bearings was finally on the rise to reach X tons after two years of decline. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing imports soared to $X in 2021. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed 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 represented the main importer of ball bearings in Europe, with the volume of imports accounting for X tons, which was near 27% of total imports in 2021. Italy (X tons) held the second position in the ranking, followed by the Netherlands (X tons), Belgium (X tons), France (X tons) and Russia (X tons). All these countries together held approx. 38% share of total imports. Spain (X tons), Poland (X tons), Sweden (X tons), the Czech Republic (X tons), Denmark (X tons), Austria (X tons) and the UK (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of imports of ball bearings. At the same time, Sweden (+8.9%), Belgium (+6.4%), Russia (+5.7%), the Netherlands (+5.4%), Poland (+3.4%), Spain (+2.2%), Denmark (+1.6%) and Italy (+1.1%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in Europe, with a CAGR of +8.9% from 2012-2021. France, Austria and the Czech Republic experienced a relatively flat trend pattern. By contrast, the UK (-2.3%) illustrated a downward trend over the same period. The Netherlands (+2.5 p.p.), Belgium (+2.3 p.p.), Sweden (+1.7 p.p.) and Russia (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Germany saw its share reduced by -3.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported ball bearings in Europe, comprising 31% of total imports. The second position in the ranking was held by Italy ($X), with a 9.3% share of total imports. It was followed by the Netherlands, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Italy (+0.7% per year) and the Netherlands (+3.3% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, reducing by -2.2% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 7.7% against the previous year. Over the period under review, import prices hit record highs 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 the UK ($X per ton), while Russia ($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 Czech Republic (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform