In 2023, Germany led European exports of tapered roller bearings by weight, claiming a significant portion of the market. Austria and Romania also held substantial shares, following Germany. Notably, Romania's export volume saw remarkable growth with a 9.06% increase year-over-year. Conversely, the UK experienced a noticeable decline of 22.21%, and Italy saw a 12.49% decrease. Other countries like Greece and Croatia experienced significant year-over-year increases, driven by competitive pricing and increased demand.
Future trends suggest a potential increase in exports from Eastern European countries due to their expanding manufacturing capabilities and competitive labor costs. Germany is expected to maintain its leadership, while economic and geopolitical factors could influence shifts in market dynamics among smaller exporters.
Top countries in Export of Tapered Roller Bearings Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 30.48 | 2023 | +3.11% | +3.78% | View data |
| 2 | 2 Austria | 14.79 | 2023 | +6.42% | +0.53% | View data |
| 3 | 3 Romania | 12.76 | 2023 | +3.64% | +9.06% | View data |
| 4 | 4 Spain | 8.54 | 2023 | +0.17% | +4.67% | View data |
| 5 | 5 Poland | 8.02 | 2023 | +0.79% | -1.24% | View data |
| 6 | 6 Netherlands | 5.65 | 2023 | +7.68% | +0.35% | View data |
| 7 | 7 Hungary | 5.13 | 2023 | +1.13% | +0.11% | View data |
| 8 | 8 France | 4.33 | 2023 | -12.28% | +2.04% | View data |
| 9 | 9 Slovakia | 2.99 | 2023 | +2.6% | +3.38% | View data |
| 10 | 10 Belgium | 1.64 | 2023 | -3.98% | -4.68% | View data |
