In 2023, Germany led the European export of spherical roller bearings, comprising 32% of the total share by kilograms, followed by Sweden at approximately 24.26% and Belgium at 10.99%. Romania saw notable growth with a 9.54% year-on-year increase, while Latvia had a significant 25.1% rise, highlighting potential emerging markets. Conversely, France and the UK experienced a decline, with -0.39% and -1.81%, respectively. Over the past five years, the export market has demonstrated diverse trends, with several countries such as Croatia and Luxembourg showing potential for remarkable growth.
Future trends point towards the potential for Eastern European countries to further increase their share, while traditional exporters like Germany and Sweden may face stiffer competition. Developing technological capabilities and expanding into emerging markets will be crucial for maintaining and enhancing export shares in the future.
Top countries in Export of Spherical Roller Bearings Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 32 | 2023 | +1.89% | +3.51% | View data |
| 2 | 2 Sweden | 24.26 | 2023 | +1.62% | +4.12% | View data |
| 3 | 3 Belgium | 10.99 | 2023 | +1.54% | +0.89% | View data |
| 4 | 4 Romania | 9.3 | 2023 | +1.92% | +9.54% | View data |
| 5 | 5 France | 5.2 | 2023 | +0.28% | -0.39% | View data |
| 6 | 6 United Kingdom | 5.12 | 2023 | -1.02% | -1.81% | View data |
| 7 | 7 Italy | 3.19 | 2023 | +3.74% | -3.33% | View data |
| 8 | 8 Czechia | 3 | 2023 | |||
| 9 | 9 Netherlands | 2.45 | 2023 | +3.65% | -2.59% | View data |
| 10 | 10 Austria | 0.86 | 2023 | +7.94% | +5.28% | View data |
