Germany: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Germany

In 2021, after two years of decline, there was significant growth in the German ball bearing parts market, when its value increased by 7.2% to $X. Over the period under review, consumption showed a mild downturn. Ball bearing parts consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Ball Bearing Parts Production in Germany

In value terms, ball bearing parts production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Ball Bearing Parts Exports

Exports from Germany

In 2021, the amount of parts of ball or roller bearings exported from Germany soared to X tons, growing by 15% compared with 2020. Overall, exports, however, recorded a perceptible decrease. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ball bearing parts exports soared to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 22%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), Austria (X tons) and Slovakia (X tons) were the main destinations of ball bearing parts exports from Germany, with a combined 43% share of total exports. Romania, Poland, the United States, Italy, France, Hungary, South Korea, Sweden, the Czech Republic and India lagged somewhat behind, together comprising a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +16.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Romania ($X) and the United States ($X) appeared to be the largest markets for ball bearing parts exported from Germany worldwide, with a combined 38% share of total exports. These countries were followed by Austria, Slovakia, Italy, the Czech Republic, Poland, France, India, South Korea, Hungary and Sweden, which together accounted for a further 41%.

In terms of the main countries of destination, Poland, with a CAGR of +10.5%, 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

In 2021, the average ball bearing parts export price amounted to $X per ton, rising by 5.4% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball bearing parts export price decreased by -14.9% against 2018 indices. The pace of growth appeared the most rapid in 2017 an increase of 27%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Austria ($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 Slovakia (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Germany

In 2021, overseas purchases of parts of ball or roller bearings were finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 10%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ball bearing parts imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 24% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Romania (X tons) and Italy (X tons) were the main suppliers of ball bearing parts imports to Germany, with a combined 42% share of total imports. These countries were followed by Slovakia, France, Ukraine, Hungary, South Korea, India, Taiwan (Chinese), Poland, Austria and the Netherlands, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +22.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Slovakia ($X) and China ($X) were the largest ball bearing parts suppliers to Germany, with a combined 45% share of total imports. These countries were followed by Italy, Taiwan (Chinese), France, Ukraine, Austria, Hungary, India, the Netherlands, Poland and South Korea, which together accounted for a further 41%.

The Netherlands, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2021, increasing by 8.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 17%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :