Europe: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Europe

The Europe needle roller bearing market rose significantly to $X in 2021, picking up by 8.9% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Needle Roller Bearing Production in Europe

In value terms, needle roller bearing production expanded sharply to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Needle Roller Bearing Exports

Exports in Europe

In 2021, needle roller bearing exports in Europe rose sharply to X tons, surging by 12% compared with the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, needle roller bearing exports surged to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Germany represented the largest exporter of needle roller bearings in Europe, with the volume of exports finishing at X tons, which was near 37% of total exports in 2021. Slovakia (X tons) took the second position in the ranking, followed by France (X tons), Romania (X tons) and the Czech Republic (X tons). All these countries together held approx. 51% share of total exports. The Netherlands (X tons) and Russia (X tons) held a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key 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 ($X) remains the largest needle roller bearing supplier in Europe, comprising 49% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 15% share of total exports. It was followed by France, with a 12% share.

In Germany, needle roller bearing exports decreased 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

In 2021, the export price in Europe amounted to $X per ton, growing by 5.5% against the previous year. Overall, the export price, however, saw a slight downturn. The pace of growth appeared the most rapid in 2018 when the export price increased by 15% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Europe

In 2021, imports of needle roller bearings in Europe rose notably to X tons, growing by 7.2% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 15%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, needle roller bearing imports soared to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained consistent, 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

In 2021, Germany (X tons) was the largest importer of needle roller bearings, mixing up 42% of total imports. It was distantly followed by France (X tons), the Netherlands (X tons), Austria (X tons), Spain (X tons) and Italy (X tons), together achieving a 27% share of total imports. The Czech Republic (X tons), Sweden (X tons), Poland (X tons), Romania (X tons), the UK (X tons), Hungary (X tons) and Switzerland (X tons) took a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to needle roller bearing imports into Germany stood at +3.6%. At the same time, Romania (+32.4%), Spain (+18.3%), Sweden (+9.9%), Hungary (+7.3%), Poland (+6.6%), Austria (+4.0%), the Czech Republic (+3.9%) and Italy (+2.2%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Europe, with a CAGR of +32.4% from 2012-2021. The Netherlands experienced a relatively flat trend pattern. By contrast, France (-1.3%), Switzerland (-4.5%) and the UK (-7.1%) illustrated a downward trend over the same period. Spain (+3.3 p.p.), Romania (+2.6 p.p.), Germany (+2.3 p.p.) and Sweden (+1.9 p.p.) significantly strengthened its position in terms of the total imports, while Switzerland, France and the UK saw its share reduced by -2%, -3.2% and -4.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported needle roller bearings in Europe, comprising 33% of total imports. The second position in the ranking was taken by France ($X), with a 7.3% share of total imports. It was followed by the Netherlands, with a 6.8% share.

In Germany, needle roller bearing imports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (-1.0% per year) and the Netherlands (-1.1% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, growing by 9.5% against the previous year. Over the period under review, the import price, however, saw a mild setback. Over the period under review, import prices attained the maximum 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 Hungary ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform