Slovakia: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Slovakia

The Slovak market for bearing housings not incorporating ball or roller bearings, plain shaft bearings skyrocketed to $X in 2021, picking up by 29% against the previous year. In general, consumption saw a strong expansion. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Slovakia

In value terms, bearing housing without ball bearing production soared to $X in 2021 estimated in export price. In general, production recorded a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of 37%. Bearing housing without ball bearing production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Slovakia

In 2021, after two years of decline, there was growth in overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings, when their volume increased by 1.1% to X tons. Overall, exports, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. Over the period under review, total exports indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 46% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for bearing housing without ball bearing exports from Slovakia, with a 40% share of total exports. Moreover, bearing housing without ball bearing exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was held by France (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+6.1% per year) and France (+2.6% per year).

In value terms, Germany ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Slovakia, comprising 30% of total exports. The second position in the ranking was taken by the UK ($X), with a 9.2% share of total exports. It was followed by France, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.5% per year) and France (+6.8% per year).

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, rising by 29% against the previous year. Over the period under review, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +8.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bearing housing without ball bearing export price increased by +32.8% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Romania ($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 (+9.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Slovakia

In 2021, purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings decreased by -43% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 39% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, bearing housing without ball bearing imports reduced to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), South Korea (X tons) and France (X tons) were the main suppliers of bearing housing without ball bearing imports to Slovakia, together comprising 64% of total imports. China, India, Italy, the Czech Republic, Slovenia and Croatia lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +78.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing without ball bearing suppliers to Slovakia were Germany ($X), South Korea ($X) and China ($X), with a combined 68% share of total imports. France, India, Italy, the Czech Republic, Slovenia and Croatia lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, India, with a CAGR of +90.6%, saw the highest rates of growth with regard to 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

The average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, picking up by 68% against the previous year. Over the period under review, the import price recorded a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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