Poland: Bearing Market 2024

Bearing Market Size in Poland

The Polish bearing market surged to $X in 2021, increasing by 50% against the previous year. In general, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +61.0% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bearing Production in Poland

In value terms, bearing production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Bearing Exports

Exports from Poland

In 2021, overseas shipments of ball and roller bearings were finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing exports soared to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of bearing exports from Poland, with a combined 0.1% share of total exports. These countries were followed by France, the UK, Italy, Austria, the United States, Hungary, Ukraine, Romania, the Czech Republic and Slovakia, which together accounted for a further 0.1%.

From 2012 to 2020, the biggest increases were recorded for Hungary (with a CAGR of -4.7%), while shipments for the other leaders experienced a decline.

In value terms, the Netherlands ($X), Sweden ($X) and Germany ($X) were the largest markets for bearing exported from Poland worldwide, with a combined 69% share of total exports. France, the UK, Italy, Austria, the United States, Hungary, Ukraine, Romania, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further 47%.

Hungary, with a CAGR of +9.5%, saw 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 2020, the average bearing export price amounted to $X per ton, increasing by 5% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2020, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2020, amid the top suppliers, the countries with the highest prices were the Netherlands ($X per ton) and Sweden ($X per ton), while the average price for exports to Slovakia ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports

Imports into Poland

In 2021, overseas purchases of ball and roller bearings increased by 29% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; 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, bearing imports skyrocketed to $X in 2021. Overall, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +23.0% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Germany (X tons) constituted the largest supplier of bearing to Poland, accounting for a 0.1% share of total imports. Moreover, bearing imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. France (X tons) ranked third in terms of total imports with less than 0.1% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from Germany stood at +32.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.5% per year) and France (+27.2% per year).

In value terms, Germany ($X) constituted the largest supplier of ball and roller bearings to Poland, comprising 49% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by France, with an 11% share.

From 2012 to 2020, the average annual growth rate of value from Germany totaled +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.1% per year) and France (+2.5% per year).

Import Prices by Country

In 2020, the average bearing import price amounted to $X per ton, rising by 3.3% against the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2013 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 2014 to 2020, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2020, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and China ($X per ton), while the price for the UK ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Belgium (-19.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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