Europe: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Europe

In 2023, after two years of growth, there was decline in the Europe tapered roller bearing market, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then shrank in the following year.

Tapered Roller Bearing Production in Europe

In value terms, tapered roller bearing production contracted to $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Tapered Roller Bearing Exports

Exports in Europe

In 2023, exports of tapered roller bearings in Europe shrank to X tons, with a decrease of X% on 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, tapered roller bearing exports expanded remarkably to $X in 2023. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

In 2023, Germany (X tons), distantly followed by Austria (X tons), Romania (X tons), France (X tons), Poland (X tons), the Netherlands (X tons) and Hungary (X tons) were the largest exporters of tapered roller bearings, together comprising X% of total exports. Italy (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing supplying countries in Europe were Germany ($X), France ($X) and Romania ($X), together comprising X% of total exports.

In terms of the main exporting countries, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports in Europe

In 2023, supplies from abroad of tapered roller bearings decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then fell in the following year.

In value terms, tapered roller bearing imports rose markedly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany was the key importing country with an import of about X tons, which reached X% of total imports. France (X tons) ranks second in terms of the total imports with a X% share, followed by Italy (X%), Sweden (X%), the Netherlands (X%), Russia (X%) and Belgium (X%). The following importers - Spain (X tons), the UK (X tons), Hungary (X tons), Poland (X tons), the Czech Republic (X tons) and Austria (X tons) - together made up X% of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of tapered roller bearings. At the same time, Spain (X%), Russia (X%), Hungary (X%), the Netherlands (X%), Sweden (X%), Italy (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. France and the UK experienced a relatively flat trend pattern. By contrast, Austria (X%) and Belgium (X%) illustrated a downward trend over the same period. Russia (X p.p.) significantly strengthened its position in terms of the total imports, while Germany saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported tapered roller bearings in Europe, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports. It was followed by Italy, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Germany totaled X%. In the other countries, the average annual rates were as follows: France (X% per year) and Italy (X% per year).

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, growing by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform