Slovakia: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Slovakia

After five years of growth, the Slovak spherical roller bearing market decreased by -79.1% to $X in 2021. In general, consumption continues to indicate a abrupt curtailment. Spherical roller bearing consumption peaked at $X in 2020, and then reduced rapidly in the following year.

Spherical Roller Bearing Production in Slovakia

In value terms, spherical roller bearing production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a abrupt contraction. Spherical roller bearing production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Spherical Roller Bearing Exports

Exports from Slovakia

In 2021, approx. X tons of spherical roller bearings were exported from Slovakia; growing by 5.4% on 2020 figures. In general, total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -14.4% against 2019 indices. The pace of growth appeared the most rapid in 2015 when exports increased by 38%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, spherical roller bearing exports stood at $X in 2021. Over the period under review, exports, however, recorded a mild reduction. The pace of growth was the most pronounced in 2016 with an increase of 36%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Czech Republic (X tons), Poland (X tons) and Bulgaria (X tons) were the main destinations of spherical roller bearing exports from Slovakia, with a combined 64% share of total exports. These countries were followed by Italy, Germany, Belarus, Hungary, Ukraine, Russia, Serbia, China and India, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +142.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Poland ($X) and Italy ($X) appeared to be the largest markets for spherical roller bearing exported from Slovakia worldwide, together comprising 60% of total exports.

Italy, with a CAGR of +124.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average spherical roller bearing export price stood at $X per ton in 2021, growing by 5.1% against the previous year. Overall, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Hungary ($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 China (+15.5%), while the prices for the other major destinations experienced mixed trend patterns.

Spherical Roller Bearing Imports

Imports into Slovakia

Spherical roller bearing imports into Slovakia surged to X tons in 2021, jumping by 31% on the year before. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -20.5% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 111% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, spherical roller bearing imports soared to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Slovenia (X tons) and the Czech Republic (X tons) were the main suppliers of spherical roller bearing imports to Slovakia, with a combined 59% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +223.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Slovenia ($X) appeared to be the largest spherical roller bearing suppliers to Slovakia, together comprising 54% of total imports.

Slovenia, with a CAGR of +154.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, jumping by 19% against the previous year. Overall, the import price, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2020 an increase of 23%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: 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 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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