European Bearings Market Report: Production, Manufacturers,

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NEW YORK, May 18, 2022 (GLOBE NEWSWIRE) — IndexBox has just released a new report: “EU Ball & Roller Bearings Market Analysis, Forecast, Size, Trends and Outlook”. Here is a summary of the main findings of the report.

EU ball and roller bearing Market statistics

Imports $10,254.8 million
Exports $12,241.5 million
Main importers Germany, Italy, France
Main exporters Germany, France, Italy

The bearing market size in the European Union totaled $6.5 billion in 2021, up 28% from the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs and intermediary margins, which will be included in the final consumer price). REQUEST FREE DATA

European consumption of ball and roller bearings

Ball and roller bearing consumption was estimated at 502,000 tonnes in 2021. The countries with the highest bearing consumption volumes in 2021 were Germany, Italy and Spain, together accounting for 46% of total consumption. These countries were followed by Belgium, Romania, France, Denmark, Hungary, Sweden, Poland, Austria, the Czech Republic and Slovakia, which together accounted for an additional 45%. REQUEST FREE DATA

European production of ball and roller bearings

The production of ball and roller bearings has been estimated at approx. 432K tons in 2021. In general, however, production continues to indicate a pronounced contraction from 2007 to 2021. REQUEST FREE DATA

The countries with the highest bearing production volumes in 2021 were Italy, Romania and Germany, with a combined share of 48% of total production. France, Spain, Slovakia, Austria and Poland are slightly behind, together accounting for an additional 38%.

Exports of ball and roller bearings from the EU

In 2021, bearing exports to the European Union grew rapidly to reach 674,000 tonnes, up 10% from the previous year. Overall, however, exports have shown a relatively stable trend from 2007 to 2021.

In value, bearing exports jumped to $12.2 billion in 2021. This figure includes trade between EU member countries. The pace of growth was fastest in 2010. The level of exports peaked at $13.3 billion in 2011; however, from 2012 to 2021, exports have not regained momentum.

Exports by country

Germany was the main exporter of ball and roller bearings in the European Union, with a supply volume of 200,000 tonnes, almost 30% of total exports in 2021. France (76,000 tonnes) occupied the second position in the ranking, followed by Italy (74K tons), the Netherlands (48K tons), Poland (43K tons), Romania (43K tons), Austria (35K tons) and Slovakia ( 34K tons). All these countries together held nearly 52% of total supplies.

In terms of value, Germany ($4.7 billion) remains the largest supplier of bearings to the European Union, accounting for 38% of total exports. The second position in the ranking was occupied by France (1.5 billion dollars), with a share of 13% of total supplies. It was followed by Italy, with a share of 9.9%.

In Germany, bearing exports increased at an average annual rate of +1.5% over the period 2007-2021. The other exporting countries recorded the following average annual export growth rates: France (-1.6% per year) and Italy (+0.1% per year).

Export prices by country

In 2021, the export price of bearings to the European Union was $18,157 per ton, up 6.6% from the previous year. Prices varied significantly by country of origin: the country with the highest price was Germany ($23,441 per ton), while Poland ($9,805 per ton) was among the lowest. From 2007 to 2021, the most notable growth rate in terms of prices was achieved by Austria (+2.6%), while the other leaders experienced more modest growth rates.

Imports of ball and roller bearings from the EU

In 2021, overseas purchases of ball and roller bearings increased by 22% to 744,000 tons for the first time since 2018, ending a two-year downward trend. Overall, imports have shown a relatively stable trend from 2007 to 2021.

In value, bearing imports jumped to $10.3 billion in 2021. This figure includes trade between EU member countries. In general, imports recorded a relatively stable trend from 2007 to 2021.

Imports by country

Germany was the main importer of ball and roller bearings in the European Union, with a purchase volume of 225,000 tonnes, or almost 30% of total imports in 2021. Italy (73,000 tonnes) was second in the ranking with 9.7%, followed by France (9.3%), Belgium (7.8%), the Netherlands (7.6%) and Spain (6. 9%). The following importers – Sweden (33,000 tons), Poland (31,000 tons), Denmark (27,000 tons), Czech Republic (19,000 tons), Austria (18,000 tons), Romania (14,000 tons) and Hungary (13 000 tons) – achieved together an increase of 21% of total purchases.

By value, Germany ($3.4 billion) accounted for 33% of total bearing imports. The second position in the ranking is occupied by Italy (1 billion dollars), with a share of 10% of total purchases. It was followed by France, with a share of 10%.

In Germany, imports of bearings increased at an average annual rate of +1.1% over the period 2007-2021. In the other countries, the average annual rates are as follows: Italy (-1.1% per year) and France (-0.1% per year).

Import prices by country

The import price of bearings in the European Union was $13,781 per ton in 2021, stabilizing compared to the previous year. Prices varied significantly depending on the country of destination: the country with the highest price was the Czech Republic ($17,588 per ton), while Spain ($9,934 per ton) was among the lowest. From 2007 to 2021, the most notable growth rate in terms of prices was achieved by Poland (+1.7%), while the other leaders experienced more modest growth rates.

About IndexBox

IndexBox is a market research company developing an AI-powered market intelligence platform that helps business analysts find actionable insights and make data-driven decisions. The platform provides data on consumption, production, trade and prices for over 10,000 different products in 200 countries.

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Product coverage

Ball bearings; tapered, needle, spherical and cylindrical roller bearings; combined ball/roller bearings; other ball and roller bearings.

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Mekhrona Dzhuraeva

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