Romania: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Romania

The Romanian spherical roller bearing market amounted to $X in 2021, remaining constant against the previous year. In general, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.5% against 2019 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the immediate term.

Spherical Roller Bearing Production in Romania

In value terms, spherical roller bearing production fell rapidly to $X in 2021 estimated in export price. In general, production continues to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by 36%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Romania

In 2021, overseas shipments of spherical roller bearings decreased by -10.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 47% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, spherical roller bearing exports declined modestly to $X in 2021. Overall, exports showed a perceptible contraction. The pace of growth appeared the most rapid in 2019 when exports increased by 46% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Denmark (X tons) and Spain (X tons) were the main destinations of spherical roller bearing exports from Romania, with a combined 64% share of total exports. These countries were followed by India, France, China, the United States, Poland, South Korea, Italy, Turkey and the United Arab Emirates, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +19.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for spherical roller bearings exports from Romania, comprising 33% of total exports. The second position in the ranking was taken by Spain ($X), with a 14% share of total exports. It was followed by Denmark, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+11.0% per year) and Denmark (-8.0% per year).

Export Prices by Country

In 2021, the average spherical roller bearing export price amounted to $X per ton, increasing by 7.9% against the previous year. Overall, the export price, however, recorded a pronounced slump. The export price peaked at $X per ton in 2012; however, from 2013 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 China ($X per ton), while the average price for exports to Denmark ($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 the United Arab Emirates (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into Romania

In 2021, the amount of spherical roller bearings imported into Romania skyrocketed to X tons, picking up by 93% compared with 2020. In general, imports, however, continue to indicate a mild reduction. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spherical roller bearing imports shrank to $X in 2021. Overall, imports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 40%. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of spherical roller bearing to Romania, accounting for a 49% share of total imports. Moreover, spherical roller bearing imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Poland (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.1% per year) and Poland (+9.9% per year).

In value terms, the largest spherical roller bearing suppliers to Romania were Germany ($X), China ($X) and France ($X), with a combined 65% share of total imports. Sweden, Poland, the Netherlands, Italy and Bulgaria lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, the Netherlands, with a CAGR of +25.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average spherical roller bearing import price amounted to $X per ton, which is down by -54.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 74% against the previous year. As a result, import price attained the peak level of $X per ton, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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