Germany: Ball Bearing Market 2024

Ball Bearing Market Size in Germany

In 2021, the German ball bearing market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, showed a perceptible descent. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Ball Bearing Production in Germany

In value terms, ball bearing production rose sharply to $X in 2021 estimated in export price. Overall, production, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2017 with an increase of 14%. Ball bearing production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Ball Bearing Exports

Exports from Germany

In 2021, overseas shipments of ball bearings were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), Italy (X tons) and Poland (X tons) were the main destinations of ball bearing exports from Germany, with a combined 28% share of total exports. These countries were followed by the Czech Republic, Hungary, the United States, Denmark, France, the Netherlands, Spain, Austria, Belgium and India, which together accounted for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +10.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball bearing exported from Germany were China ($X), the United States ($X) and Italy ($X), with a combined 31% share of total exports.

China, with a CAGR of +10.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ball bearing export price amounted to $X per ton, with an increase of 1.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into Germany

After two years of decline, overseas purchases of ball bearings increased by 29% to X tons in 2021. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ball bearing imports skyrocketed to $X in 2021. Overall, imports saw a relatively flat trend pattern. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest ball bearing supplier to Germany, accounting for a 26% share of total imports. Moreover, ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-8.6% per year) and the Netherlands (+34.5% per year).

In value terms, the largest ball bearing suppliers to Germany were Austria ($X), China ($X) and Italy ($X), together accounting for 42% of total imports. These countries were followed by Slovakia, France, the Netherlands, Japan, South Korea, Portugal, Poland, India and Hungary, which together accounted for a further 37%.

Among the main suppliers, India, with a CAGR of +27.2%, recorded the highest rates of growth with regard to 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 average ball bearing import price amounted to $X per ton, approximately mirroring the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 7.1% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :