Hungary: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Hungary

The Hungarian ball bearing parts market soared to $X in 2021, with an increase of 28% against the previous year. Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Ball Bearing Parts Production in Hungary

In value terms, ball bearing parts production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 when the production volume increased by 24%. Ball bearing parts production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Ball Bearing Parts Exports

Exports from Hungary

In 2021, overseas shipments of parts of ball or roller bearings decreased by -12.7% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a mild curtailment. The pace of growth appeared the most rapid in 2013 with an increase of 30% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing parts exports contracted to $X in 2021. Overall, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Austria (X tons), Germany (X tons) and Sweden (X tons) were the main destinations of ball bearing parts exports from Hungary, together comprising 82% of total exports. These countries were followed by France, Romania, Slovakia and Italy, which together accounted for a further 14%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +84.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and France ($X) were the largest markets for ball bearing parts exported from Hungary worldwide, with a combined 79% share of total exports.

France, with a CAGR of +55.9%, saw 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 ball bearing parts export price stood at $X per ton in 2021, rising by 4.3% against the previous year. Overall, the export price, however, saw a mild curtailment. The growth pace was the most rapid in 2016 when the average export price increased by 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria ($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 Italy (+17.0%), while the prices for the other major destinations experienced mixed trend patterns.

Ball Bearing Parts Imports

Imports into Hungary

In 2021, approx. X tons of parts of ball or roller bearings were imported into Hungary; with an increase of 9.3% against the previous year's figure. In general, imports, however, recorded a pronounced decrease. The growth pace was the most rapid in 2017 with an increase of 13%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ball bearing parts imports surged to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 39%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and India (X tons) were the main suppliers of ball bearing parts imports to Hungary, together comprising 88% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +29.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing parts suppliers to Hungary were Germany ($X), China ($X) and India ($X), together accounting for 81% of total imports.

China, with a CAGR of +29.4%, saw the highest growth rate of 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

In 2021, the average ball bearing parts import price amounted to $X per ton, with an increase of 6.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. As a result, import price attained 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, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :