Europe: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Europe

The Europe spherical roller bearing market rose significantly to $X in 2021, with an increase of 12% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +26.7% against 2016 indices. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Spherical Roller Bearing Production in Europe

In value terms, spherical roller bearing production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 19%. The level of production peaked at $X in 2020, and then reduced in the following year.

Spherical Roller Bearing Exports

Exports in Europe

In 2021, shipments abroad of spherical roller bearings increased by 1.6% to X tons, rising for the fifth year in a row after four years of decline. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 7.8% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, spherical roller bearing exports rose rapidly to $X in 2021. Over the period under review, exports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 15%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Germany (X tons) and Sweden (X tons) represented the largest exporters of spherical roller bearings in Europe, together creating 58% of total exports. Belgium (X tons) ranks next in terms of the total exports with a 9.6% share, followed by Romania (7.6%) and France (5.5%). The Czech Republic (X tons) and Belarus (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +5.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2021, together comprising 70% of total exports. France, Romania, the Czech Republic and Belarus lagged somewhat behind, together comprising a further 14%.

In terms of the main exporting countries, France, with a CAGR of +3.6%, saw the highest growth rate of 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 Europe amounted to $X per ton, surging by 6.5% against the previous year. In general, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2018 an increase of 6.9%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat 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 ($X per ton), while Belarus ($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 (+1.1%), while the other leaders experienced a decline in the export price figures.

Spherical Roller Bearing Imports

Imports in Europe

For the third year in a row, Europe recorded growth in overseas purchases of spherical roller bearings, which increased by 23% to X tons in 2021. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spherical roller bearing imports reached $X in 2021. Overall, imports, however, showed a mild setback. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Belgium (X tons), distantly followed by Denmark (X tons), Germany (X tons), Russia (X tons), France (X tons), Italy (X tons) and Poland (X tons) represented the major importers of spherical roller bearings, together generating 76% of total imports. Spain (X tons), the Netherlands (X tons), Ukraine (X tons), Finland (X tons) and the UK (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 44% of total imports. These countries were followed by Denmark, Italy, Russia, Spain, Poland, the UK, Finland, the Netherlands and Ukraine, which together accounted for a further 43%.

Among the main importing countries, Spain, with a CAGR of +9.3%, saw the highest growth rate of 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

In 2021, the import price in Europe amounted to $X per ton, falling by -8.2% against the previous year. Overall, the import price continues to indicate a noticeable decline. The growth pace was the most rapid in 2018 when the import price increased by 15% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Netherlands (+0.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform