Germany: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Germany

The German market for bearing housings incorporating ball or roller bearings skyrocketed to $X in 2022, growing by 34% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +35.4% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Germany

In value terms, bearing housing with ball bearing production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.5% over the period from 2012 to 2022; 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 19% against the previous year. Over the period under review, production reached the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Germany

In 2022, shipments abroad of bearing housings incorporating ball or roller bearings increased by 8.6% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 33%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, bearing housing with ball bearing exports reduced to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 34%. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

The Netherlands (X tons), the United States (X tons) and China (X tons) were the main destinations of bearing housing with ball bearing exports from Germany, together comprising 24% of total exports. France, Spain, Turkey, the Czech Republic, Poland, Italy, Russia, Austria, the UK and Hungary lagged somewhat behind, together comprising a further 53%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +29.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and the Netherlands ($X) appeared to be the largest markets for bearing housing with ball bearing exported from Germany worldwide, with a combined 29% share of total exports. The Czech Republic, France, Spain, Italy, the UK, Poland, Russia, Turkey, Austria and Hungary lagged somewhat behind, together comprising a further 44%.

Among the main countries of destination, Turkey, with a CAGR of +19.7%, saw the highest rates of growth with regard to 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

The average export price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, which is down by -10.1% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 8%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Germany

In 2022, overseas purchases of bearing housings incorporating ball or roller bearings increased by 33% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing housing with ball bearing imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 22%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), Vietnam (X tons) and Slovakia (X tons) were the main suppliers of bearing housing with ball bearing imports to Germany, together comprising 77% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +50.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Slovakia ($X) were the largest bearing housing with ball bearing suppliers to Germany, with a combined 63% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +58.5%, recorded 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 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, waning by -12.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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