Germany: Roller Bearing Market 2024

Roller Bearing Market Size in Germany

The German roller bearing market rose notably to $X in 2022, with an increase of 15% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Roller Bearing Production in Germany

In value terms, roller bearing production totaled $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 7.3%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Roller Bearing Exports

Exports from Germany

In 2022, overseas shipments of roller bearings increased by 1.6% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 72%. The Germany exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, roller bearing exports dropped to $X in 2022. In general, exports, however, continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year. The Germany exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the key exporter of roller bearings in the world, with the volume of exports accounting for X tons, which was approx. 43% of total exports in 2022. Singapore (X tons) took a 9.7% share (based on physical terms) of total exports, which put it in second place, followed by France (6.9%), Slovakia (5.4%), Italy (4.4%) and the United States (0.8%). South Korea (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Turkey (X tons), Poland (X tons), Austria (X tons) and Romania (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to roller bearing exports from China stood at +22.6%. At the same time, Indonesia (+35.7%), Turkey (+8.5%), Poland (+4.3%), Singapore (+1.2%) and Slovakia (+1.1%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of +35.7% from 2012-2022. By contrast, Italy (-1.9%), France (-2.2%), South Korea (-9.7%), Hong Kong SAR (-13.7%), the United States (-18.4%), Austria (-22.3%) and Romania (-22.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Indonesia increased by +37 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing supplying countries from Germany were China ($X), Singapore ($X) and Italy ($X), with a combined 41% share of total exports. The United States, France, Hong Kong SAR, Slovakia, South Korea, Poland, Austria, Turkey, Indonesia and Romania lagged somewhat behind, together comprising a further 25%.

Indonesia, with a CAGR of +16.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Germany amounted to $X per ton, waning by -13.7% against the previous year. In general, the export price saw a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. The Germany export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+16.3%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Germany

In 2022, purchases abroad of roller bearings increased by 28% to X tons, rising for the third year in a row after four years of decline. The total import volume increased at an average annual rate of +2.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, roller bearing imports totaled $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 25% against the previous year. Germany imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons) and Indonesia (X tons) represented roughly 32% of total imports in 2022. It was distantly followed by India (X tons), making up a 4.3% share of total imports. The following importers - Italy (X tons), Canada (X tons), Malaysia (X tons), Spain (X tons), South Korea (X tons), France (X tons), Singapore (X tons), Poland (X tons), Austria (X tons) and Nigeria (X tons) - together made up 22% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +18.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets into Germany were Indonesia ($X), India ($X) and Canada ($X), with a combined 22% share of total imports.

In terms of the main importing countries, Indonesia, with a CAGR of +4.2%, 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 2022, the import price in Germany amounted to $X per ton, shrinking by -21.4% against the previous year. In general, the import price showed a slight curtailment. The growth pace was the most rapid in 2018 when the import price increased by 20%. Germany import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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