Slovakia: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Slovakia

In 2022, the Slovak cylindrical roller bearing market decreased by -44.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption, however, posted significant growth. As a result, consumption reached the peak level of $X, and then fell significantly in the following year.

Cylindrical Roller Bearing Production in Slovakia

In value terms, cylindrical roller bearing production contracted slightly to $X in 2022 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth appeared the most rapid in 2018 when the production volume increased by 152%. Over the period under review, production attained the maximum level at $X in 2021, and then reduced modestly in the following year.

Cylindrical Roller Bearing Exports

Exports from Slovakia

In 2022, shipments abroad of cylindrical roller bearings was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cylindrical roller bearing exports totaled $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 15%. The Slovakia exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Germany (X tons), China (X tons) and Japan (X tons), together recording 53% of total export. It was distantly followed by Romania (X tons), constituting a 7.7% share of total exports. The following exporters - Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons), Italy (X tons) and India (X tons) - together made up 21% of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Slovakia, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

In Germany, cylindrical roller bearing exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Slovakia stood at $X per ton in 2022, waning by -15.4% against the previous year. Overall, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 when the export price increased by 31%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Slovakia

In 2022, overseas purchases of cylindrical roller bearings increased by 16% to X tons, rising for the second year in a row after three years of decline. In general, imports continue to indicate resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 151% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, cylindrical roller bearing imports reached $X in 2022. Overall, imports showed resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 195% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), Russia (X tons) and Germany (X tons) represented the major importer of cylindrical roller bearings in the world, achieving 42% of total import. It was distantly followed by the United States (X tons), making up a 5.7% share of total imports. Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into Slovakia were China ($X), Germany ($X) and the United States ($X), together comprising 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further 23%.

Spain, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Slovakia stood at $X per ton in 2022, which is down by -2.6% against the previous year. Overall, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2014 when the import price increased by 18%. Slovakia import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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