In 2023, Germany led the European import of bearing housings and plain shaft bearings with 63.477 million kilograms, growing 1.37% year-over-year. Italy, France, and the UK followed, highlighting varying trends such as France's slight contraction. Eastern European countries like Poland and Hungary witnessed notable growths of 7.33% and declines respectively. Other significant increases included Greece's remarkable 25.32% rise, indicating diversification in Eastern Europe. Over the past five years, a compound annual growth pattern suggests modest advances across the continent, with countries like Malta, Latvia, and Spain showing robust increases.
Future trends to watch for include:
- Increased demand in Eastern Europe, particularly in Greece and Poland, suggesting emerging markets.
- Continued leadership by Germany, potentially expanding as it consolidates its position.
- Potential shifts in Western European countries as they adjust to new trade policies and economic conditions.
- Technological advancements influencing the production and importation of bearings across Europe.
Top countries in Import of Bearing Housings and Plain Shaft Bearings by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 63,477,000 | 2023 | +6.5% | +1.37% | View data |
| 2 | 2 Italy | 22,152,000 | 2023 | +9.78% | +1.72% | View data |
| 3 | 3 France | 17,100,000 | 2023 | +8.5% | -0.042% | View data |
| 4 | 4 United Kingdom | 15,802,000 | 2023 | +2.29% | +0.13% | View data |
| 5 | 5 Hungary | 14,433,000 | 2023 | +1.85% | -0.66% | View data |
| 6 | 6 Belgium | 13,356,000 | 2023 | +6.9% | +0.47% | View data |
| 7 | 7 Poland | 12,188,000 | 2023 | +4.05% | +7.33% | View data |
| 8 | 8 Spain | 11,917,000 | 2023 | +13.82% | +5.56% | View data |
| 9 | 9 Austria | 11,610,000 | 2023 | +9.92% | +1.51% | View data |
| 10 | 10 Sweden | 11,215,000 | 2023 | +9.51% | +6.38% | View data |
