Romania: Ball Bearing Market 2024

Ball Bearing Market Size in Romania

In 2021, the Romanian ball bearing market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw strong growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ball Bearing Production in Romania

In value terms, ball bearing production soared to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible slump. Ball bearing production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Ball Bearing Exports

Exports from Romania

In 2021, shipments abroad of ball bearings was finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when exports increased by 19%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, ball bearing exports soared to $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), the United States (X tons) and Germany (X tons) were the main destinations of ball bearing exports from Romania, together comprising 49% of total exports. These countries were followed by the UK, the Netherlands, Italy, Russia and the Czech Republic, which together accounted for a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +66.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ball bearing exported from Romania were France ($X), Germany ($X) and the United States ($X), together accounting for 50% of total exports. The UK, the Netherlands, Russia, Italy and the Czech Republic lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, the UK, with a CAGR of +57.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ball bearing export price stood at $X per ton in 2021, with an increase of 4.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2013 an increase of 15% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($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 Germany (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Imports

Imports into Romania

In 2021, overseas purchases of ball bearings were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 20%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in years to come.

In value terms, ball bearing imports soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, 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.

Imports by Country

Germany (X tons), France (X tons) and China (X tons) were the main suppliers of ball bearing imports to Romania, together accounting for 68% of total imports. Italy, South Korea, Hungary, Poland, Slovakia and Spain lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +73.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of ball bearings to Romania, comprising 42% of total imports. The second position in the ranking was taken by France ($X), with a 10% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.0% per year) and China (+10.0% per year).

Import Prices by Country

The average ball bearing import price stood at $X per ton in 2021, surging by 9.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2013 an increase of 10% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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