Poland: Ball Bearing Market 2024

Ball Bearing Market Size in Poland

In 2021, the Polish ball bearing market increased by 6.6% to $X, rising for the fourth consecutive year after five years of decline. Over the period under review, consumption, however, showed a slight shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ball Bearing Production in Poland

In value terms, ball bearing production declined modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a slight decrease. The growth pace was the most rapid in 2018 with an increase of 10% against the previous year. Ball bearing production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Ball Bearing Exports

Exports from Poland

In 2021, after two years of decline, there was significant growth in shipments abroad of ball bearings, when their volume increased by 16% to X tons. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing exports soared to $X in 2021. The total export value increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for ball bearing exports from Poland, with a 55% share of total exports. Moreover, ball bearing exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The third position in this ranking was held by Italy (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.5% per year) and Italy (+5.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for ball bearings exports from Poland, comprising 51% of total exports. The second position in the ranking was held by Germany ($X), with a 9.4% share of total exports. It was followed by Italy, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+13.3% per year) and Italy (+6.5% per year).

Export Prices by Country

In 2021, the average ball bearing export price amounted to $X per ton, with an increase of 6.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Hungary ($X per ton), while the average price for exports to Austria ($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 Hungary (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into Poland

After two years of decline, supplies from abroad of ball bearings increased by 27% to X tons in 2021. The total import volume increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing imports surged to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.5% 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 +18.9% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and Italy (X tons) were the main suppliers of ball bearing imports to Poland, with a combined 72% share of total imports. These countries were followed by Slovakia, France, the Netherlands, Belgium, Japan, the United Arab Emirates and Turkey, which together accounted for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +50.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ball bearings to Poland, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by Italy, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.1% per year) and Italy (-1.8% per year).

Import Prices by Country

In 2021, the average ball bearing import price amounted to $X per ton, with a decrease of -1.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 an increase of 18%. The import price peaked at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for the United Arab Emirates ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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