In 2023, Slovakia led European exports of bearing housings and plain shaft bearings, showing a significant year-on-year growth of 75.14%. Germany and Italy followed, despite Germany experiencing a slight decline of 0.34%. France saw a 3.89% decrease, whereas Belgium, the Netherlands, and Spain demonstrated positive growth rates. Notably, Finland's exports surged by 18.23%, and Cyprus experienced a remarkable increase of 14.07%. Conversely, countries like the United Kingdom and Estonia faced decline.
Looking forward, Slovakia is expected to maintain its leading position due to substantial growth. The trend suggests increasing export diversification in smaller European markets could drive further development despite potential challenges in global supply chains. Monitoring innovations and automation in the manufacturing processes will be crucial in sustaining competitiveness and expanding market shares globally.
Top countries in Export of Bearing Housings and Plain Shaft Bearings by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Slovakia | 105,730,000 | 2023 | +7.13% | +75.14% | View data |
| 2 | 2 Germany | 56,070,000 | 2023 | +7.09% | -0.34% | View data |
| 3 | 3 Italy | 14,007,000 | 2023 | +6.13% | +0.24% | View data |
| 4 | 4 France | 12,378,000 | 2023 | +5.97% | -3.89% | View data |
| 5 | 5 Sweden | 10,872,000 | 2023 | +5.31% | +3.16% | View data |
| 6 | 6 Belgium | 10,714,000 | 2023 | +16.52% | +7.18% | View data |
| 7 | 7 Czechia | 8,121,800 | 2023 | |||
| 8 | 8 United Kingdom | 7,717,300 | 2023 | -1.68% | -5.34% | View data |
| 9 | 9 Netherlands | 7,076,500 | 2023 | +6.03% | +5.45% | View data |
| 10 | 10 Spain | 6,843,200 | 2023 | +5.35% | +7.89% | View data |
