In 2023, Germany led the European export of spherical roller bearings with 27.885 million kilograms, followed by Sweden at 21.134 million. Major contributors also included Belgium and Romania with 9.579 and 8.1049 million kilograms respectively. Year-on-year variation showed Germany, Sweden, and Romania experiencing positive growth at 3.51%, 4.12%, and 9.54%. Noteworthy growth was observed in smaller economies like Latvia (25.1%), Denmark (11.19%), Slovenia (10.48%), and Luxembourg (23.85%). Contrarily, France and the United Kingdom faced contractions. The sector exhibits a mixed trend with significant growth potential among emerging exporters and existing market leaders experiencing moderate growth.
Looking forward, Europe's export of spherical roller bearings is set to maintain current growth trajectories, with emerging exporters potentially capturing more market share. Technological advancements, coupled with sustainable manufacturing practices, could drive Europe's export competitiveness. Monitoring shifts in global demand, particularly from industries such as automotive and machinery, and adapting to trade policies, will be crucial for sustaining growth.
Top countries in Export of Spherical Roller Bearings by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 27,885,000 | 2023 | +1.89% | +3.51% | View data |
| 2 | 2 Sweden | 21,134,000 | 2023 | +1.62% | +4.12% | View data |
| 3 | 3 Belgium | 9,579,000 | 2023 | +1.54% | +0.89% | View data |
| 4 | 4 Romania | 8,104,900 | 2023 | +1.92% | +9.54% | View data |
| 5 | 5 France | 4,529,200 | 2023 | +0.28% | -0.39% | View data |
| 6 | 6 United Kingdom | 4,460,300 | 2023 | -1.02% | -1.81% | View data |
| 7 | 7 Italy | 2,781,700 | 2023 | +3.74% | -3.33% | View data |
| 8 | 8 Czechia | 2,616,100 | 2023 | |||
| 9 | 9 Netherlands | 2,135,200 | 2023 | +3.65% | -2.59% | View data |
| 10 | 10 Austria | 752,590 | 2023 | +7.94% | +5.28% | View data |
