Europe: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Europe

The Europe ball bearing parts market reduced to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt shrinkage. 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 Europe

In value terms, ball bearing parts production dropped to $X in 2022 estimated in export price. In general, production saw a deep downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ball Bearing Parts Exports

Exports in Europe

In 2022, the amount of parts of ball or roller bearings exported in Europe fell to X tons, which is down by X% compared with the year before. In general, exports continue to indicate a noticeable decline. The pace of growth was the most pronounced in 2021 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, ball bearing parts exports dropped to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X tons), distantly followed by Romania (X tons), France (X tons), Bosnia and Herzegovina (X tons), Italy (X tons), Slovakia (X tons), Bulgaria (X tons) and Poland (X tons) were the major exporters of parts of ball or roller bearings, together constituting X% of total exports.

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

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

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

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2021, and then declined slightly 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 Germany ($X per ton), while Bosnia and Herzegovina ($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 more modest paces of growth.

Ball Bearing Parts Imports

Imports in Europe

Ball bearing parts imports reduced to X tons in 2022, waning by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, ball bearing parts imports fell modestly to $X in 2022. The total import value increased at an average annual rate of X% 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 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

France (X tons) and Germany (X tons) represented roughly X% of total imports in 2022. Italy (X tons) ranks next in terms of the total imports with a X% share, followed by Austria (X%), Slovakia (X%) and Romania (X%). Sweden (X tons), the UK (X tons), Poland (X tons), Spain (X tons), Russia (X tons), Hungary (X tons) and Bulgaria (X tons) held a little share of total imports.

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

In value terms, Germany ($X), France ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Romania, Austria, Slovakia, the UK, Poland, Spain, Sweden, Hungary, Russia and Bulgaria lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Spain, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Europe stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, 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 Italy ($X per ton), while Slovakia ($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 more modest paces of growth.

Source: IndexBox Platform

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