EU: Ball Bearing Market 2024

Ball Bearing Market Size in the EU

The EU ball bearing market dropped to $X in 2022, waning by X% against the previous year. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Ball Bearing Production in the EU

In value terms, ball bearing production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

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Ball Bearing Exports

Exports in the EU

In 2022, overseas shipments of ball bearings increased by X% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, ball bearing exports shrank slightly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) and Italy (X tons) represented roughly X% of total exports in 2022. France (X tons) held the next position in the ranking, followed by the Netherlands (X tons) and Poland (X tons). All these countries together took approx. X% share of total exports. Spain (X tons), Austria (X tons), Slovakia (X tons), Belgium (X tons), Romania (X tons), Bulgaria (X tons), Hungary (X tons) and Portugal (X tons) followed a long way behind the leaders.

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

In value terms, Germany ($X) remains the largest ball bearing supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

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

Ball Bearing Imports

Imports in the EU

In 2022, purchases abroad of ball bearings increased by X% to X tons, rising for the second year in a row after two years of decline. The total import 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 in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, ball bearing imports reached $X in 2022. The total import value 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 observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Germany was the largest importer of ball bearings in the European Union, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Italy (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by the Netherlands (X%), France (X%), Belgium (X%), Spain (X%) and Poland (X%). Austria (X tons), Sweden (X tons), the Czech Republic (X tons), Denmark (X tons), Hungary (X tons) and Romania (X tons) took a relatively small share of total imports.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%), Hungary (X%), Belgium (X%), Sweden (X%), Spain (X%), Romania (X%), Poland (X%), Italy (X%), Austria (X%) and France (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Denmark and the Czech Republic experienced a relatively flat trend pattern. While the share of the Netherlands (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported ball bearings in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

In Germany, ball bearing imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per ton, falling by X% against the previous year. Overall, the import price continues to indicate a slight decline. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Denmark ($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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