Poland: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Poland

In 2021, the Polish spherical roller bearing market increased by 14% to $X, rising for the fifth consecutive year after two years of decline. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Spherical Roller Bearing Production in Poland

In value terms, spherical roller bearing production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production recorded a deep setback. The growth pace was the most rapid in 2018 when the production volume increased by 30% against the previous year. Spherical roller bearing production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Poland

After two years of decline, overseas shipments of spherical roller bearings increased by 23% to X tons in 2021. Over the period under review, exports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 81%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, spherical roller bearing exports surged to $X in 2021. In general, exports posted a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of 76% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), Ukraine (X tons) and Romania (X tons) were the main destinations of spherical roller bearing exports from Poland, together accounting for 49% of total exports. Italy, Russia, France, the Czech Republic, Spain, Slovakia, Estonia, Hungary and Finland lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +22.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for spherical roller bearings exports from Poland, comprising 31% of total exports. The second position in the ranking was taken by Italy ($X), with a 13% share of total exports. It was followed by Ukraine, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+26.2% per year) and Ukraine (+18.6% per year).

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, with an increase of 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Finland ($X per ton), while the average price for exports to Romania ($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 (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into Poland

In 2021, approx. X tons of spherical roller bearings were imported into Poland; growing by 25% on the year before. Overall, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spherical roller bearing imports expanded sharply to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 25%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Romania (X tons) constituted the largest spherical roller bearing supplier to Poland, with a 42% share of total imports. Moreover, spherical roller bearing imports from Romania exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. China (X tons) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Romania amounted to +62.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and China (-2.4% per year).

In value terms, the largest spherical roller bearing suppliers to Poland were Germany ($X), Belgium ($X) and Romania ($X), with a combined 65% share of total imports.

Belgium, with a CAGR of +65.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, reducing by -11.5% against the previous year. In general, the import price saw a noticeable decrease. The growth pace was the most rapid in 2020 an increase of 18%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Romania ($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 UK (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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