Eastern Europe: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Eastern Europe

The East European ball bearing parts market rose to $X in 2022, growing by X% against the previous year. In general, consumption, however, recorded a abrupt decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ball Bearing Parts Production in Eastern Europe

In value terms, ball bearing parts production stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Ball Bearing Parts Exports

Exports in Eastern Europe

In 2022, approx. X tons of parts of ball or roller bearings were exported in Eastern Europe; falling by X% on 2021 figures. Overall, exports recorded a slight downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, ball bearing parts exports contracted to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Romania was the largest exporter of parts of ball or roller bearings in Eastern Europe, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. Slovakia (X tons) ranks second in terms of the total exports with a X% share, followed by Bulgaria (X%), Poland (X%) and Ukraine (X%). The following exporters - Latvia (X tons) and the Czech Republic (X tons) - each resulted at an X% share of total exports.

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

In value terms, Romania ($X) remains the largest ball bearing parts supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

In Romania, ball bearing parts exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Slovakia (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

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 ($X per ton), while Latvia ($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.

Ball Bearing Parts Imports

Imports in Eastern Europe

After four years of decline, purchases abroad of parts of ball or roller bearings increased by X% to X tons in 2022. Total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ball bearing parts imports shrank modestly to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Slovakia (X tons) and Romania (X tons) represented roughly X% of total imports in 2022. Poland (X tons) took the next position in the ranking, followed by Russia (X tons), Hungary (X tons), Bulgaria (X tons) and Latvia (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing parts importing markets in Eastern Europe were Romania ($X), Slovakia ($X) and Poland ($X), with a combined X% share of total imports. Hungary, Russia, Bulgaria and Latvia lagged somewhat behind, together comprising a further X%.

Latvia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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, declining by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2021, and then declined in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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