Hungary - Spherical Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSpherical Roller Bearing Price in Hungary - 2023
Contents:
- Spherical Roller Bearing Price in Hungary (CIF) - 2023
- Spherical Roller Bearing Price in Hungary (FOB) - 2023
- Spherical Roller Bearing Imports in Hungary
- Spherical Roller Bearing Exports in Hungary
Spherical Roller Bearing Price in Hungary (CIF) - 2023
In July 2023, the import price in Hungary amounted to $18,724 per ton, dropping by -3.3% against the previous month. Over the period under review, import price indicated a temperate increase from July 2022 to July 2023: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, spherical roller bearing import price increased by +34.6% against May 2023 indices. The pace of growth appeared the most rapid in April 2023 when the import price increased by 77% month-to-month. As a result, import price reached the peak level of $26,284 per ton. From May 2023 to July 2023, the import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major importing countries. In July 2023, the country with the highest price was Sweden ($36,657 per ton), while Slovenia ($5,880 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sweden (+6.8%), while the other leaders experienced more modest paces of growth.
Spherical Roller Bearing Price in Hungary (FOB) - 2023
The export price in Hungary stood at $16,495 per ton in July 2023, growing by 18% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the export price increased by 25% m-o-m. As a result, the export price reached the peak level of $19,368 per ton. From April 2023 to July 2023, the the export prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Ukraine ($63,993 per ton), while the UK ($5,951 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Ukraine (+7.8%), while the other leaders experienced more modest paces of growth.
Spherical Roller Bearing Imports in Hungary
In 2022, imports of spherical roller bearings into Hungary skyrocketed to 390 tons, jumping by 23% compared with the year before. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, spherical roller bearing imports expanded sharply to $5.8M in 2022. In general, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Spherical Roller Bearing in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 244 | 325 | 306 | 247 | 0.4% |
| United States | 224 | 170 | 182 | 231 | 1.0% |
| India | 120 | 85.1 | 141 | 155 | 8.9% |
| Germany | 123 | 112 | 134 | 144 | 5.4% |
| France | 90.6 | 78.5 | 93.9 | 103 | 4.4% |
| Brazil | 48.5 | 44.0 | 72.4 | 81.6 | 18.9% |
| Italy | 74.3 | 54.6 | 72.4 | 70.8 | -1.6% |
| South Korea | 75.6 | 68.7 | 75.4 | 69.8 | -2.6% |
| Turkey | 35.4 | 41.6 | 50.6 | 68.6 | 24.7% |
| Singapore | 122 | 116 | 97.0 | 68.2 | -17.6% |
| Russia | 56.3 | 51.8 | 55.2 | 53.5 | -1.7% |
| Denmark | 72.2 | 64.2 | 81.2 | 50.9 | -11.0% |
| Thailand | 33.5 | 31.4 | 30.8 | 33.4 | -0.1% |
| Others | -1,313.8 | -1,237.8 | -1,388.0 | -1,371.0 | 1.4% |
| Total | 5.8 | 4.7 | 5.2 | 5.8 | 0.0% |
Top Suppliers of Spherical Roller Bearing to Hungary in 2022:
- China (17.0K tons)
- United States (11.8K tons)
- Germany (10.1K tons)
- India (9.3K tons)
- Russia (7.2K tons)
- France (6.8K tons)
- Brazil (6.6K tons)
- Denmark (6.3K tons)
- South Korea (5.7K tons)
- Thailand (5.2K tons)
- Turkey (5.0K tons)
- Italy (4.3K tons)
- Singapore (4.2K tons)
Spherical Roller Bearing Exports in Hungary
For the third year in a row, Hungary recorded decline in overseas shipments of spherical roller bearings, which decreased by -15.4% to 60 tons in 2022. Over the period under review, exports faced a precipitous descent.
In value terms, spherical roller bearing exports declined to $900K in 2022. In general, exports recorded a sharp shrinkage.
| Export of Spherical Roller Bearing in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 316 | 328 | 377 | 358 | 4.2% |
| Germany | 318 | 379 | 418 | 339 | 2.2% |
| China | 210 | 177 | 248 | 280 | 10.1% |
| Japan | 244 | 215 | 219 | 223 | -3.0% |
| United States | 141 | 117 | 103 | 123 | -4.5% |
| Romania | 109 | 56.8 | 54.9 | 111 | 0.6% |
| United Kingdom | 128 | 84.8 | 38.5 | 95.7 | -9.2% |
| France | 81.4 | 75.4 | 92.1 | 93.1 | 4.6% |
| Malaysia | 55.6 | 54.5 | 87.5 | 71.0 | 8.5% |
| Singapore | 149 | 128 | 118 | 63.9 | -24.6% |
| Italy | 53.7 | 36.1 | 43.4 | 50.1 | -2.3% |
| Czech Republic | 24.4 | 28.9 | 30.8 | 22.6 | -2.5% |
| Belarus | 16.4 | 14.6 | 15.4 | 16.5 | 0.2% |
| Others | -1,843.7 | -1,692.4 | -1,844.9 | -1,846.5 | 0.1% |
| Total | 2.4 | 1.6 | 1.0 | 0.9 | -27.9% |
Top Export Markets for Spherical Roller Bearing from Hungary in 2022:
- China (45.0K tons)
- Germany (19.6K tons)
- Sweden (19.4K tons)
- Japan (18.4K tons)
- Romania (11.5K tons)
- France (4.7K tons)
- Malaysia (3.8K tons)
- United Kingdom (3.6K tons)
- Singapore (3.5K tons)
- Italy (2.7K tons)
- Belarus (2.3K tons)
- Czech Republic (1.9K tons)
- United States (1.7K tons)
This report provides an in-depth analysis of the spherical roller bearing market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151055 - Spherical roller bearings
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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