Serbia: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2025

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Serbia

In 2022, the Serbian market for bearing housings incorporating ball or roller bearings decreased by -21.6% to $X, falling for the second consecutive year after three years of growth. In general, consumption saw a mild descent. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Serbia

In value terms, bearing housing with ball bearing production stood at $X in 2022 estimated in export price. In general, production showed a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of 42%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Serbia

For the third consecutive year, Serbia recorded growth in shipments abroad of bearing housings incorporating ball or roller bearings, which increased by 21% to X tons in 2022. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 36%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, bearing housing with ball bearing exports surged to $X in 2022. In general, exports saw a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 28%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia (X tons), Italy (X tons) and the Czech Republic (X tons) were the main destinations of bearing housing with ball bearing exports from Serbia, with a combined 86% share of total exports. Poland lagged somewhat behind, comprising a further 6.7%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +52.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from Serbia, comprising 53% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at +22.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+4.4% per year) and the Czech Republic (+29.3% per year).

Export Prices by Country

The average export price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, picking up by 3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 12% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Serbia

In 2022, the amount of bearing housings incorporating ball or roller bearings imported into Serbia skyrocketed to X tons, jumping by 29% on the year before. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.3% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 34%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, bearing housing with ball bearing imports soared to $X in 2022. Overall, imports posted a prominent increase. The pace of growth appeared the most rapid in 2020 when imports increased by 34% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bearing housing with ball bearing to Serbia, with a 50% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Turkey (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.2% per year) and Turkey (+19.7% per year).

In value terms, China ($X) constituted the largest supplier of bearing housings incorporating ball or roller bearings to Serbia, comprising 30% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Turkey, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.0% per year) and Turkey (+19.4% per year).

Import Prices by Country

In 2022, the average import price for bearing housings incorporating ball or roller bearings amounted to $X per ton, falling by -4.8% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bearing housing with ball bearing import price increased by +10.7% against 2014 indices. The most prominent rate of growth was recorded in 2014 an increase of 36%. The import price peaked at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform