Hungary: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Hungary

In 2021, after three years of decline, there was significant growth in the Hungarian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings, when its value increased by 18% to $X. In general, the total consumption indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Bearing housing without ball bearing consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Hungary

In value terms, bearing housing without ball bearing production amounted to $X in 2021 estimated in export price. Overall, production recorded a mild decrease. The most prominent rate of growth was recorded in 2016 with an increase of 324% against the previous year. Bearing housing without ball bearing production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Hungary

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were exported from Hungary; picking up by 5.1% compared with 2020 figures. In general, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2018 with an increase of 59% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports expanded remarkably to $X in 2021. Over the period under review, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +106.3% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 83%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Belgium (X tons), Germany (X tons) and Poland (X tons) were the main destinations of bearing housing without ball bearing exports from Hungary, with a combined 50% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +117.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing housing without ball bearing exported from Hungary were Germany ($X), Belgium ($X) and Poland ($X), together accounting for 46% of total exports.

Belgium, with a CAGR of +104.9%, recorded the highest growth rate of the value of exports, among 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

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, remaining stable against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 33%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Saudi Arabia ($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 (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Hungary

After four years of decline, overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 13% to X tons in 2021. In general, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, bearing housing without ball bearing imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest bearing housing without ball bearing supplier to Hungary, accounting for a 28% share of total imports. Moreover, bearing housing without ball bearing imports from Germany exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. France (X tons) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+14.5% per year) and France (+31.1% per year).

In value terms, Germany ($X) constituted the largest supplier of bearing housings not incorporating ball or roller bearings, plain shaft bearings to Hungary, comprising 32% of total imports. The second position in the ranking was held by Poland ($X), with a 13% share of total imports. It was followed by Japan, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+14.1% per year) and Japan (+10.8% per year).

Import Prices by Country

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, growing by 3% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2018 when the average import price increased by 20% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 Poland ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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