Romania: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Romania

The Romanian needle roller bearing market contracted to $X in 2021, which is down by -14.3% against the previous year. Overall, consumption saw a relatively flat trend pattern. Needle roller bearing consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Needle Roller Bearing Production in Romania

In value terms, needle roller bearing production surged to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2019 with an increase of 657%. Needle roller bearing production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Needle Roller Bearing Exports

Exports from Romania

In 2021, the amount of needle roller bearings exported from Romania soared to X tons, jumping by 25% compared with 2020 figures. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 213%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, needle roller bearing exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 206%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Germany (X tons) and Slovenia (X tons) were the main destinations of needle roller bearing exports from Romania, with a combined 89% share of total exports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +8.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), France ($X) and Slovenia ($X) were the largest markets for needle roller bearing exported from Romania worldwide, with a combined 92% share of total exports.

Germany, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average needle roller bearing export price stood at $X per ton in 2021, growing by 7.9% against the previous year. Over the period under review, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. Over the period under review, the average export prices attained the peak figure 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 export markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 (+3.5%), while the prices for the other major destinations experienced a decline.

Needle Roller Bearing Imports

Imports into Romania

In 2021, purchases abroad of needle roller bearings decreased by -1.7% to X tons, falling for the third year in a row after seven years of growth. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2014 with an increase of 118%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, needle roller bearing imports totaled $X in 2021. In general, imports, however, posted a significant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 144% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of needle roller bearing to Romania, with a 84% share of total imports. Moreover, needle roller bearing imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled +44.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+27.0% per year) and Japan (+157.5% per year).

In value terms, Germany ($X) constituted the largest supplier of needle roller bearing to Romania, comprising 84% of total imports. The second position in the ranking was held by China ($X), with a 5.7% share of total imports. It was followed by Japan, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +41.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+41.6% per year) and Japan (+130.2% per year).

Import Prices by Country

In 2021, the average needle roller bearing import price amounted to $X per ton, picking up by 3% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21%. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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