Poland: Ball Bearing Parts Market 2022

Ball Bearing Parts Market Size in Poland

In 2021, the Polish ball bearing parts market increased by 11% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Ball Bearing Parts Production in Poland

In value terms, ball bearing parts production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Ball Bearing Parts Exports

Exports from Poland

After two years of decline, shipments abroad of parts of ball or roller bearings increased by 29% to X tons in 2021. Over the period under review, exports, however, showed a noticeable decline. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing parts exports skyrocketed to $X in 2021. In general, exports, however, showed a pronounced contraction. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden (X tons), the UK (X tons) and Germany (X tons) were the main destinations of ball bearing parts exports from Poland, with a combined 82% share of total exports. France, Brazil and Austria lagged somewhat behind, together accounting for a further 9.3%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +20.6%), while the other leaders experienced a decline.

In value terms, the largest markets for ball bearing parts exported from Poland were Sweden ($X), the UK ($X) and Germany ($X), with a combined 75% share of total exports. France, Brazil and Austria lagged somewhat behind, together comprising a further 12%.

Among the main countries of destination, Brazil, with a CAGR of +18.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average ball bearing parts export price stood at $X per ton in 2021, increasing by 4.2% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 19%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Austria ($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 France (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Ball Bearing Parts Imports

Imports into Poland

In 2021, supplies from abroad of parts of ball or roller bearings increased by 72% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports enjoyed a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ball bearing parts imports surged to $X in 2021. Overall, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), China (X tons) and South Korea (X tons) were the main suppliers of ball bearing parts imports to Poland, together comprising 58% of total imports. These countries were followed by India, Turkey, Japan, Bulgaria, Ukraine, Slovakia and the United States, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +150.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ball bearing parts to Poland, comprising 34% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by Japan, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and Japan (-6.7% per year).

Import Prices by Country

The average ball bearing parts import price stood at $X per ton in 2021, falling by -5.2% against the previous year. Over the period under review, the import price saw a perceptible contraction. The growth pace was the most rapid in 2013 an increase of 9.6%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Bulgaria ($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 (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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