Slovakia: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Slovakia

The Slovak ball bearing parts market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a noticeable curtailment. Ball bearing parts consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Ball Bearing Parts Production in Slovakia

In value terms, ball bearing parts production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 with an increase of 155% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ball Bearing Parts Exports

Exports from Slovakia

After two years of decline, overseas shipments of parts of ball or roller bearings increased by 6.3% to X tons in 2021. Overall, exports, however, saw a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing parts exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a slight shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 48%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for ball bearing parts exports from Slovakia, with a 64% share of total exports. Moreover, ball bearing parts exports to Germany exceeded the volume sent to the second major destination, the Czech Republic (X tons), tenfold. Poland (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+4.6% per year) and Poland (+46.4% per year).

In value terms, Germany ($X) remains the key foreign market for parts of ball or roller bearings exports from Slovakia, comprising 73% of total exports. The second position in the ranking was held by Romania ($X), with a 5.2% share of total exports. It was followed by Austria, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled -2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+17.3% per year) and Austria (+36.9% per year).

Export Prices by Country

In 2021, the average ball bearing parts export price amounted to $X per ton, growing by 8.9% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 29% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Italy ($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 France (+17.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Slovakia

In 2021, overseas purchases of parts of ball or roller bearings increased by 17% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when imports increased by 26% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, ball bearing parts imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest ball bearing parts supplier to Slovakia, with a 63% share of total imports. Moreover, ball bearing parts imports from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was taken by the Czech Republic (X tons), with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.0% per year) and the Czech Republic (-2.2% per year).

In value terms, Germany ($X) constituted the largest supplier of parts of ball or roller bearings to Slovakia, comprising 54% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by the Czech Republic, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.9% per year) and the Czech Republic (+11.3% per year).

Import Prices by Country

In 2021, the average ball bearing parts import price amounted to $X per ton, increasing by 17% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball bearing parts import price decreased by -15.4% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 37%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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