Hungary - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Hungary - 2023
Contents:
- Bearing Price in Hungary (CIF) - 2023
- Bearing Price in Hungary (FOB) - 2023
- Bearing Imports in Hungary
- Bearing Exports in Hungary
Bearing Price in Hungary (CIF) - 2023
The average bearing import price stood at $20,883 per ton in August 2023, with an increase of 3.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.8%. The growth pace was the most rapid in April 2023 an increase of 15% m-o-m. The import price peaked in August 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Poland ($29,094 per ton), while the price for India ($5,414 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovakia (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Hungary (FOB) - 2023
The average bearing export price stood at $12,136 per ton in August 2023, falling by -4% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 22% month-to-month. The export price peaked at $13,777 per ton in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($28,884 per ton), while the average price for exports to Sweden ($8,047 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Bearing Imports in Hungary
In 2022, approx. 14K tons of ball and roller bearings were imported into Hungary; remaining relatively unchanged against the year before. The total import volume increased at an average annual rate of +6.7% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 19%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, bearing imports rose modestly to $241M in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Bearing in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Germany | 115 | 119 | 3.5% | ||
| China | 28.1 | 33.8 | 20.3% | ||
| Poland | 15.5 | 10.4 | -32.9% | ||
| Italy | 14.1 | 9.3 | -34.0% | ||
| France | 8.0 | 7.6 | -5.0% | ||
| Belgium | 7.9 | 6.9 | -12.7% | ||
| Netherlands | 9.5 | 5.5 | -42.1% | ||
| Austria | 4.6 | 4.9 | 6.5% | ||
| India | 8.1 | 4.7 | -42.0% | ||
| United States | 7.2 | 3.9 | -45.8% | ||
| Slovakia | 6.5 | 3.7 | -43.1% | ||
| Others | -37.5 | -24.9 | -33.6% | ||
| Total | 187 | 185 | -1.1% | ||
Top Suppliers of Bearing to Hungary in 2022:
- Germany (120.7 tons)
- China (34.2 tons)
- Poland (10.5 tons)
- Italy (9.4 tons)
- France (7.7 tons)
- Belgium (7.0 tons)
- Netherlands (5.6 tons)
- Austria (4.9 tons)
- India (4.7 tons)
- United States (3.9 tons)
- Slovakia (3.8 tons)
Bearing Exports in Hungary
In 2022, approx. 14K tons of ball and roller bearings were exported from Hungary; approximately equating the year before. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 14%. As a result, the exports reached the peak of 14K tons, leveling off in the following year.
In value terms, bearing exports stood at $146M in 2022. The total export value increased at an average annual rate of +1.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Bearing in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Germany | 102 | 85.7 | -16.0% | ||
| Austria | 29.1 | 24.9 | -14.4% | ||
| Romania | 11.6 | 7.9 | -31.9% | ||
| Sweden | 4.8 | 5.2 | 8.3% | ||
| France | 3.5 | 4.5 | 28.6% | ||
| Czech Republic | 3.8 | 4.3 | 13.2% | ||
| China | 8.6 | 4.2 | -51.2% | ||
| Italy | 6.9 | 3.9 | -43.5% | ||
| Ukraine | 2.6 | 3.8 | 46.2% | ||
| Russia | 1.2 | 3.7 | 208.3% | ||
| Others | -34.8 | -27.1 | -22.1% | ||
| Total | 140 | 121 | -13.6% | ||
Top Export Markets for Bearing from Hungary in 2022:
- Ukraine (undefinedK tons)
- Romania (undefinedK tons)
- Italy (undefinedK tons)
- Czech Republic (undefinedK tons)
- Austria (undefinedK tons)
- France (undefinedK tons)
- Sweden (undefinedK tons)
- China (undefinedK tons)
- Russia (undefinedK tons)
- Germany (0.1K tons)
This report provides an in-depth analysis of the bearing market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151030 - Ball bearings
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the bearing market in Hungary.
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This report provides an in-depth analysis of the ball bearing market in Hungary.
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This report provides an in-depth analysis of the tools for bearing market in Hungary.
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This report provides an in-depth analysis of the needle roller bearing market in Hungary.
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This report provides an in-depth analysis of the roller bearing market in Hungary.
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This report provides an in-depth analysis of the spherical roller bearing market in Hungary.
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This report provides an in-depth analysis of the tapered roller bearing market in Hungary.
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This report provides an in-depth analysis of the bearing market in Hungary.
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