Germany: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Germany

The German tapered roller bearing market reduced to $X in 2021, declining by -13.4% against the previous year. Over the period under review, consumption continues to indicate a deep downturn. Tapered roller bearing consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Tapered Roller Bearing Production in Germany

In value terms, tapered roller bearing production reduced notably to $X in 2021 estimated in export price. In general, production, however, saw a measured increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,393%. As a result, production reached the peak level of $X, and then declined rapidly in the following year.

Tapered Roller Bearing Exports

Exports from Germany

For the third year in a row, Germany recorded growth in overseas shipments of tapered roller bearings, which increased by 9.2% to X tons in 2021. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 18%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, tapered roller bearing exports expanded notably to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

China (X tons) was the main destination for tapered roller bearing exports from Germany, accounting for a 29% share of total exports. Moreover, tapered roller bearing exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. The third position in this ranking was held by Belgium (X tons), with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.5% per year) and Belgium (+0.7% per year).

In value terms, China ($X) remains the key foreign market for tapered roller bearings exports from Germany, comprising 35% of total exports. The second position in the ranking was held by the United States ($X), with a 7.8% share of total exports. It was followed by Belgium, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +19.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+0.2% per year) and Belgium (-2.0% per year).

Export Prices by Country

The average tapered roller bearing export price stood at $X per ton in 2021, remaining stable against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to Sweden ($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 China (+0.1%), while the prices for the other major destinations experienced a decline.

Tapered Roller Bearing Imports

Imports into Germany

In 2021, supplies from abroad of tapered roller bearings increased by 22% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, tapered roller bearing imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Austria (X tons) constituted the largest supplier of tapered roller bearing to Germany, accounting for a 22% share of total imports. Moreover, tapered roller bearing imports from Austria exceeded the figures recorded by the second-largest supplier, Hungary (X tons), twofold. The third position in this ranking was taken by India (X tons), with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from Austria amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-2.4% per year) and India (+15.1% per year).

In value terms, the largest tapered roller bearing suppliers to Germany were Austria ($X), Romania ($X) and France ($X), together comprising 40% of total imports. Hungary, Japan, the Netherlands, India, Slovakia, Poland, China, Ukraine and South Korea lagged somewhat behind, together comprising a further 50%.

The Netherlands, with a CAGR of +20.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 tapered roller bearing import price amounted to $X per ton, falling by -3.3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Romania ($X per ton), while the price for India ($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 (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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