In 2023, Germany led the European import of bearings, gears, gearing, and driving elements with a 26.38% share by weight, followed by France at 10.23%, and Italy at 9.42%. The UK and Spain trailed with 7.06% and 5.6% shares, respectively. Year-on-year, Germany's contribution grew by 0.62%, while France saw a notable 3.02% increase. Notably, Denmark experienced significant growth at 3.2%, while Lithuania had the largest surge at 4.21%. Conversely, Slovakia's import share faced a significant 4.51% decline. The five-year CAGR indicates a steady growth across major economies, showcasing resilience in demand.
Future trends to watch include potential shifts due to technological advancements like smart bearings and the growing emphasis on sustainability, which could impact import patterns. Additionally, geopolitical factors may influence trade agreements and regulations, affecting the distribution of imports across European countries.
Top countries in Import of Bearings, Gears, Gearing and Driving Elements Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 26.38 | 2023 | +6.34% | +0.62% | View data |
| 2 | 2 France | 10.23 | 2023 | +3.35% | +3.02% | View data |
| 3 | 3 Italy | 9.42 | 2023 | +6.53% | +1.11% | View data |
| 4 | 4 United Kingdom | 7.06 | 2023 | +1.04% | +0.046% | View data |
| 5 | 5 Spain | 5.6 | 2023 | +7.21% | +0.18% | View data |
| 6 | 6 Poland | 5.06 | 2023 | +2.25% | +2.36% | View data |
| 7 | 7 Austria | 4.78 | 2023 | +7.76% | +1.29% | View data |
| 8 | 8 Sweden | 4.39 | 2023 | +7.37% | +0.67% | View data |
| 9 | 9 Netherlands | 4.26 | 2023 | +4.78% | +0.56% | View data |
| 10 | 10 Denmark | 3.81 | 2023 | +2.06% | +3.2% | View data |
