The Lithuanian market for ball or roller bearings has exhibited a consistent downward trend over the past decade, with the total volume decreasing from 1.0396 million kilograms in 2013 to 0.62208 million kilograms in 2023. Year-on-year variation revealed sporadic gains, such as in 2017, but an overall decline persisted. The five-year CAGR from 2019 to 2023 shows an average annual decline of 5.61%.
Moving forward, watch for potential recovery signals from industrial sectors recovering post-pandemic, technological advancements lowering costs, and any global supply chain impacts. Sustainability initiatives and green technology may also drive future market dynamics.
| # | 8 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 110,000,000 | 2023 | +2.13% | -2.94% | View data |
| 2 | 2 Italy | 78,256,000 | 2023 | +0.29% | -0.19% | View data |
| 3 | 3 Denmark | 32,368,000 | 2023 | +3.93% | +4.53% | View data |
| 4 | 4 United Kingdom | 14,024,000 | 2023 | +0.064% | -0.71% | View data |
| 5 | 5 Czech Republic | 12,762,000 | 2023 | +2.15% | -2.46% | View data |
| 6 | 6 Finland | 6,349,400 | 2023 | +5.2% | -0.67% | View data |
| 7 | 7 France | 4,953,400 | 2023 | -51.19% | -29.04% | View data |
| 8 | 8 Lithuania | 622,080 | 2023 | -5.21% | -5.61% |
