Europe: Tools For Bearing Market 2025

Tools For Bearing Market Size in Europe

In 2022, the Europe tools for bearing market increased by 7.8% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.3% from 2012 to 2022; 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 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Tools For Bearing Production in Europe

In value terms, tools for bearing production shrank to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Tools For Bearing Exports

Exports in Europe

In 2022, exports of balls, needles and rollers for ball or roller bearings in Europe dropped to X tons, shrinking by -10.6% against the previous year. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, tools for bearing exports dropped to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 19% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Poland (X tons) and Italy (X tons) represented roughly 55% of total exports in 2022. Spain (X tons) held the next position in the ranking, followed by Slovakia (X tons) and Hungary (X tons). All these countries together took near 21% share of total exports. Romania (X tons), Sweden (X tons), France (X tons), the Netherlands (X tons), Bosnia and Herzegovina (X tons), the UK (X tons) and Belgium (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +15.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest tools for bearing supplier in Europe, comprising 29% of total exports. The second position in the ranking was held by Poland ($X), with a 13% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+5.7% per year) and Italy (-2.5% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, remaining stable against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 9.4% against the previous year. The level of export peaked at $X per ton in 2012; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.1%), while the other leaders experienced more modest paces of growth.

Tools For Bearing Imports

Imports in Europe

In 2022, imports of balls, needles and rollers for ball or roller bearings in Europe reduced slightly to X tons, waning by -4.9% against the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 16%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tools for bearing imports rose slightly to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

France (X tons) and Germany (X tons) were the major importers of balls, needles and rollers for ball or roller bearings in 2022, finishing at approx. 21% and 21% of total imports, respectively. Slovakia (X tons) ranks next in terms of the total imports with an 11% share, followed by Romania (9.6%), Italy (8.4%) and Austria (5.4%). The following importers - Spain (X tons), Poland (X tons), the UK (X tons), Russia (X tons) and Estonia (X tons) - together made up 15% of total imports.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +43.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and France ($X) were the countries with the highest levels of imports in 2022, together accounting for 51% of total imports. Slovakia, Romania, Austria, the UK, Poland, Spain, Russia and Estonia lagged somewhat behind, together accounting for a further 36%.

Estonia, with a CAGR of +21.6%, saw the highest growth rate of the value of imports, in terms of 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

The import price in Europe stood at $X per ton in 2022, rising by 7.7% against the previous year. Overall, the import price, however, continues to indicate a mild descent. The pace of growth appeared the most rapid in 2021 when the import price increased by 8.5%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform