Eastern Europe: Bearing Market 2024

Bearing Market Size in Eastern Europe

The East European bearing market contracted modestly to $X in 2022, remaining constant against the previous year. Overall, consumption, however, saw a perceptible reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Bearing Production in Eastern Europe

In value terms, bearing production contracted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Bearing Exports

Exports in Eastern Europe

Bearing exports was estimated at X tons in 2022, increasing by X% against 2021 figures. Overall, 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. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, bearing exports expanded notably to $X in 2022. The total export 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 recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Romania (X tons), Poland (X tons) and Slovakia (X tons), together resulting at X% of total export. It was distantly followed by Hungary (X tons) and the Czech Republic (X tons), together committing a X% share of total exports. Bulgaria (X tons), Latvia (X tons), Russia (X tons) and Belarus (X tons) held a relatively small share of total exports.

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

In value terms, Romania ($X), Slovakia ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. The Czech Republic, Hungary, Bulgaria, Russia, Belarus and Latvia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Latvia, with a CAGR of X%, saw the highest rates of growth with regard to 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, rising by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: 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 Belarus (X%), while the other leaders experienced more modest paces of growth.

Bearing Imports

Imports in Eastern Europe

In 2022, approx. X tons of ball or roller bearings were imported in Eastern Europe; declining by X% compared with the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then shrank slightly in the following year.

In value terms, bearing imports shrank 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 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Russia (X tons) represented the main importer of ball or roller bearings, comprising X% of total imports. Poland (X tons) ranks second in terms of the total imports with a X% share, followed by the Czech Republic (X%), Slovakia (X%), Romania (X%) and Hungary (X%). Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to bearing imports into Russia stood at X%. At the same time, Romania (X%), Poland (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Romania 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, Slovakia (X%) and Belarus (X%) illustrated a downward trend over the same period. Russia (X p.p.), Poland (X p.p.), Romania (X p.p.) and Hungary (X p.p.) significantly strengthened its position in terms of the total imports, while Slovakia and Belarus saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

Romania, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of 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

In 2022, the import price in Eastern 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 pace of growth appeared the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per ton in 2021, and then declined slightly in the following year.

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

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

Source: IndexBox Platform

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