Eastern Europe: Bearing Market 2024

Bearing Market Size in Eastern Europe

The East European bearing market fell to $X in 2022, dropping by X% against the previous year. In general, consumption showed a noticeable setback. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Bearing Production in Eastern Europe

In value terms, bearing production reduced slightly to $X in 2022 estimated in export price. Overall, production recorded a mild descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Bearing Exports

Exports in Eastern Europe

In 2022, bearing exports in Eastern Europe rose rapidly to X tons, growing by X% against the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, bearing exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons), Poland (X tons) and Slovakia (X tons) represented roughly X% of total exports in 2022. Hungary (X tons) ranks next in terms of the total exports with a X% share, followed by Russia (X%) and the Czech Republic (X%). Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest bearing supplying countries in Eastern Europe were Romania ($X), Slovakia ($X) and Poland ($X), together comprising X% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of X%, recorded the highest growth rate of 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 2022, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 the Czech Republic ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Bearing Imports

Imports in Eastern Europe

In 2022, the amount of ball and roller bearings imported in Eastern Europe dropped modestly to X tons, shrinking by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined modestly in the following year.

In value terms, bearing imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Russia (X tons) was the major importer of ball and roller bearings, creating X% of total imports. Poland (X tons) took the second position in the ranking, followed by the Czech Republic (X tons), Slovakia (X tons), Romania (X tons) and Hungary (X tons). All these countries together held approx. X% share of total imports. Ukraine (X tons) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to bearing imports into Russia stood at X%. At the same time, Slovakia (X%), Romania (X%), Poland (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Ukraine (X%) illustrated a downward trend over the same period. Poland (X p.p.), Slovakia (X p.p.), Romania (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total imports, while Ukraine saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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 Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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