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

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

In 2022, the Greek market for bearing housings incorporating ball or roller bearings increased by 2.2% to $X, rising for the fourth year in a row after three years of decline. Over the period under review, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +79.2% against 2018 indices. Bearing housing with ball bearing consumption peaked in 2022 and is likely to continue growth in the near future.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Greece

Bearing housing with ball bearing exports from Greece expanded slightly to X tons in 2022, with an increase of 4.7% compared with the year before. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 130%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, bearing housing with ball bearing exports amounted to $X in 2022. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 166% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Poland (X tons), Cyprus (X tons) and France (X tons) were the main destinations of bearing housing with ball bearing exports from Greece, with a combined 61% share of total exports. Italy, Bulgaria, Germany, Austria, Lithuania, Estonia and Spain lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +1,482.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing housing with ball bearing exported from Greece were Bulgaria ($X), Poland ($X) and Cyprus ($X), together accounting for 51% of total exports. Italy, France, Germany, Estonia, Austria, Spain and Lithuania lagged somewhat behind, together accounting for a further 39%.

Austria, with a CAGR of +3,044.0%, recorded the highest growth rate of the value of exports, in terms of 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 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, continues to indicate a slight descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 16%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Lithuania ($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 Austria (+98.7%), 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 Greece

After four years of growth, overseas purchases of bearing housings incorporating ball or roller bearings decreased by -9.4% to X tons in 2022. In general, imports, however, continue to indicate perceptible growth. The pace of growth appeared the most rapid in 2014 when imports increased by 61% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then contracted in the following year.

In value terms, bearing housing with ball bearing imports expanded markedly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bearing housing with ball bearing to Greece, accounting for a 32% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-3.7% per year) and the Netherlands (+12.2% per year).

In value terms, China ($X), Germany ($X) and Belgium ($X) constituted the largest bearing housing with ball bearing suppliers to Greece, with a combined 50% share of total imports. The Netherlands, France, Austria, Italy, Poland, Sweden, Brazil and Slovenia lagged somewhat behind, together accounting for a further 28%.

Austria, with a CAGR of +99.7%, 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 import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, surging by 23% against the previous year. In general, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bearing housing with ball bearing import price increased by +39.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 58%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, 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 Germany ($X per ton), while the price for Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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