Poland: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Poland

The Polish needle roller bearing market totaled $X in 2021, picking up by 13% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Needle roller bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Needle Roller Bearing Production in Poland

In value terms, needle roller bearing production rose modestly to $X in 2021 estimated in export price. In general, production, however, saw a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 17%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Needle Roller Bearing Exports

Exports from Poland

In 2021, overseas shipments of needle roller bearings were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, exports showed a slight increase. The pace of growth appeared the most rapid in 2015 when exports increased by 28% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, needle roller bearing exports soared to $X in 2021. Overall, total exports indicated notable growth 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, exports decreased by -21.1% against 2018 indices. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X tons), the Netherlands (X tons) and Slovakia (X tons) were the main destinations of needle roller bearing exports from Poland, together accounting for 66% of total exports.

From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +147.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and the Netherlands ($X) appeared to be the largest markets for needle roller bearing exported from Poland worldwide, together accounting for 58% of total exports.

Japan, with a CAGR of +128.0%, saw the highest rates of growth with regard to 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 2021, the average needle roller bearing export price amounted to $X per ton, with an increase of 12% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, needle roller bearing export price increased by +65.9% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Slovakia ($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 Russia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Needle Roller Bearing Imports

Imports into Poland

In 2021, imports of needle roller bearings into Poland rose notably to X tons, picking up by 8% on the previous year. In general, imports showed strong growth. The pace of growth appeared the most rapid in 2015 with an increase of 41% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, needle roller bearing imports surged to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.0% against 2019 indices. Over the period under review, imports hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Germany (X tons) constituted the largest needle roller bearing supplier to Poland, accounting for a 47% share of total imports. Moreover, needle roller bearing imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.2% per year) and Japan (+7.3% per year).

In value terms, Germany ($X) constituted the largest supplier of needle roller bearing to Poland, comprising 42% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.0% per year) and Japan (+1.5% per year).

Import Prices by Country

The average needle roller bearing import price stood at $X per ton in 2021, increasing by 12% against the previous year. Over the period under review, the import price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2020 an increase of 36% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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