In 2023, Germany led the European import market for bearing housings not incorporating ball or roller bearings, plain shaft bearings, accounting for 26.72% of the share by weight, maintaining its position with a slight increase of 0.5%. Italy and the United Kingdom followed, with Italy experiencing a 1.27% rise. Poland showed a remarkable growth of 8.0%, indicating a strong upward trend. France, however, saw a decline of 4.66%, while Spain and the Netherlands increased by 6.25% and 6.33%, respectively, reflecting climbing demand.
As we look towards the future, the following trends are anticipated:
- Germany's market dominance is expected to continue, supported by its robust industrial sector.
- Southern European countries like Greece and Spain might experience further growth, buoyed by recent positive shifts in import activities.
- Eastern European countries could play a larger role as cost-effective manufacturing hubs.
- Sustainability and environmental regulations may increasingly influence import patterns across Europe.
Top countries in Import of Bearing Housings Not Incorporating Ball or Roller Bearings, Plain Shaft Bearings Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26.72 | 2023 | +1.83% | +0.5% | View data |
| 2 | 2 Italy | 8.43 | 2023 | +9.46% | +1.27% | View data |
| 3 | 3 United Kingdom | 6.89 | 2023 | +1.97% | +0.47% | View data |
| 4 | 4 Hungary | 6.58 | 2023 | +1.32% | -0.98% | View data |
| 5 | 5 Austria | 6.07 | 2023 | +10.81% | +2.76% | View data |
| 6 | 6 France | 5.91 | 2023 | +0.51% | -4.66% | View data |
| 7 | 7 Spain | 5.66 | 2023 | +13.27% | +6.25% | View data |
| 8 | 8 Poland | 5.43 | 2023 | +3.91% | +8% | View data |
| 9 | 9 Sweden | 5.21 | 2023 | +12.48% | +4.64% | View data |
| 10 | 10 Belgium | 4.91 | 2023 | +4.19% | -1.5% | View data |
