Slovakia: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

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

After nine years of decline, the Slovak market for bearing housings incorporating ball or roller bearings increased by 50% to $X in 2022. In general, consumption, however, recorded a precipitous setback. Bearing housing with ball bearing consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Slovakia

In value terms, bearing housing with ball bearing production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2021 when the production volume increased by 22%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Slovakia

In 2022, after two years of decline, there was significant growth in overseas shipments of bearing housings incorporating ball or roller bearings, when their volume increased by 8.4% to X tons. Overall, exports saw a remarkable increase. The pace of growth appeared the most rapid in 2019 with an increase of 644%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, bearing housing with ball bearing exports soared to $X in 2022. Over the period under review, exports saw a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 668%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for bearing housing with ball bearing exports from Slovakia, with a 94% share of total exports. Moreover, bearing housing with ball bearing exports to Germany exceeded the volume sent to the second major destination, Poland (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany amounted to +9.4%.

In value terms, Germany ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from Slovakia, comprising 97% of total exports. The second position in the ranking was taken by Poland ($X), with a 1.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at +11.5%.

Export Prices by Country

In 2022, the average export price for bearing housings incorporating ball or roller bearings amounted to $X per ton, picking up by 7.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 20%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Poland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.9%).

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Slovakia

In 2022, after four years of growth, there was significant decline in overseas purchases of bearing housings incorporating ball or roller bearings, when their volume decreased by -31.5% to X tons. Over the period under review, imports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 167%. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, bearing housing with ball bearing imports dropped to $X in 2022. Overall, imports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 72%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, France (X tons) constituted the largest bearing housing with ball bearing supplier to Slovakia, with a 77% share of total imports. Moreover, bearing housing with ball bearing imports from France exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold. The third position in this ranking was taken by Germany (X tons), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume from France stood at +96.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+34.3% per year) and Germany (+0.5% per year).

In value terms, France ($X) constituted the largest supplier of bearing housings incorporating ball or roller bearings to Slovakia, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 10% share of total imports. It was followed by the Czech Republic, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France amounted to +86.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.0% per year) and the Czech Republic (+26.6% per year).

Import Prices by Country

The average import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, surging by 28% against the previous year. Overall, the import price, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2017 when the average import price increased by 30%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($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 (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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