Market research

Ball bearings market in Hungary

Release date: Mar 30, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

In 2018, the Hungarian ball bearings market was characterized by strong activity from international and local manufacturers. SKF Group reinforced its presence through technical support and maintenance services, while HCH (Hungarian Bearing Company) invested over $3.8 million in development to enhance quality and market leadership. The following year, SKF launched a new range of JIS-compliant ball bearing units across Europe, including Hungary, designed to deliver higher performance in general-purpose applications such as agriculture and food processing.

Between 2018 and 2024, the market volume in physical terms surged from 838 t to 4 693 t. This growth was primarily fueled by increasing imports, which rose from 5 794 t in 2018 to a peak of 8 382 t in 2023, before easing to 7 809 t in 2024. Exports declined after 2022, falling from 5 663 t to 2 991 t in 2025, further boosting domestic availability. In value terms, the market dipped to $70.6 million in 2020 but recovered to reach $100.5 million by 2024.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators
1. 4.1. In kind
  1. 4.1.1. Production, 2018, 2020, 2024
  2. 4.1.2. Imports, 2018-2025
  3. 4.1.3. Exports, 2018-2025
  4. 4.1.4. Market size, 2018, 2020, 2024
2. 4.2. In value
  1. 4.2.1. Production, 2018, 2020, 2024
  2. 4.2.2. Imports, 2018-2025
  3. 4.2.3. Exports, 2018-2025
  4. 4.2.4. Market size, 2018, 2020, 2024
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018, 2020, 2024, t
  2. 5.1.2. In value, 2018, 2020, 2024, K $ US
2. 5.2. Production in the EU, 2018-2024
  1. 5.2.1. In kind, 2018-2024, t
  2. 5.2.2. In value, 2018-2024, K $ US
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.1.3. Exports in value, M $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, M $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, M $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's exports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hungary in kind, 2018-2025, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hungary by countries, 2018-2025, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2025
  3. 6.2.3. Exports in value, M $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hungary in value, 2018-2025, M $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hungary by countries, 2018-2025, M $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's exports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hungary, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's exports from Hungary by countries, 2018-2025, $ US/kg
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.1.3. Imports in value, M $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, M $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, M $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.1.4. Average price of product's imports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hungary in kind, 2018-2025, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hungary by countries, 2018-2025, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 7.2.3. Imports in value, M $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hungary in value, 2018-2025, M $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hungary by countries, 2018-2025, M $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 7.2.4. Average price of product's imports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hungary, 2018-2025, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's imports to Hungary by countries, 2018-2025, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, M $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, M $ US
9. Top buying and selling countries, 2018-2025
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production ball bearings in Hungary

In value, 2018-2021, $ US

In 2020, Hungary's ball bearings production was valued at 89 326 US dollars, showing only a marginal fluctuation compared to 2019. Over the period from 2018 to 2020, production surged by 536.5%, with a compound annual growth rate of 85.3%.

Annual dynamics of production in Hungary in value, 2018-2021, $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

In kind, 2018-2021, t

Annual dynamics of production in Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Exports ball bearings from Hungary

Exports in kind, t

Hungary's ball bearings exports increased for the second consecutive year. In 2021, exports reached 5 803 tonnes, marking a strong advance of 24.2% compared to 2020. Between 2018 and 2021, exports grew by 17.1%, equating to an annualized rate of 5.4%. The lowest volume was recorded in 2019 at 3 959 tonnes, which also saw the largest decline of 20.1%.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(20.1%)	18.0%	24.2%	5.4%

Source: SHEV.io

From 2018 to 2021, Germany, Romania, and the Netherlands were the main destinations for Hungary's ball bearings exports in kind. Germany accounted for 62.8% of exports, Romania for 6.6%, and the Netherlands for 3.7%, together absorbing 73.1% of total exports.

Structure of product's exports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in kind, 2018-2021

Source: SHEV.io

Exports in value, M $ US

Ball bearings exports from Hungary increased for the second consecutive year. In 2021, exports totalled 49.2 million US dollars, up by 28.2% compared to 2020. Over the period from 2018 to 2021, exports rose by 27.1%, with a compound annual growth rate of 8.3%. The minimum value was recorded in 2019 at 36.4 million US dollars, which also experienced the largest decline of 5.9%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(5.9%)	5.4%	28.2%	8.3%

Source: SHEV.io

In the period from 2018 to 2021, Germany, Romania, and Czechia were the principal destinations for Hungary's ball bearings exports in value terms. Germany accounted for 41.2% of exports, Romania for 10.8%, and Czechia for 6.8%, jointly representing 58.8% of total flows.

Structure of product's exports in value by countries, 2018-2021

Source: SHEV.io

World map of product's exports from Hungary in value, 2018-2021

Source: SHEV.io

Imports ball bearings to Hungary

Imports in kind, t

Ball bearings imports into Hungary increased for the third consecutive year. In 2021, Hungary imported approximately 7 440 tonnes of ball bearings, constituting a year-on-year increase of 26.0%. Over the period from 2018 to 2021, imports grew by 28.4%, with a compound annual growth rate of 8.7%.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	0.7%	1.2%	26.0%	8.7%

Source: SHEV.io

From 2018 to 2021, Germany, China, and Poland were the main suppliers of ball bearings to Hungary in kind. Germany accounted for 34.4% of imports, China for 21.4%, and Poland for 7.4%, together comprising 63.3% of total imports.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in kind, 2018-2021

Source: SHEV.io

Imports in value, M $ US

After a two-year contraction, ball bearings imports into Hungary increased. In 2021, Hungary imported approximately 140.7 million US dollars of ball bearings, marking an improvement of 29.3% compared to 2020. Over the period from 2018 to 2021, imports rose by 22.4%, with a compound annual growth rate of 7.0%. The minimum value was recorded in 2020 at 108.8 million US dollars, while the largest decline occurred in 2019 at 4.2%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, M $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	(4.2%)	(1.2%)	29.3%	7.0%

Source: SHEV.io

In the period from 2018 to 2021, Germany, China, and Poland were the main destinations in the geographical breakdown of ball bearings imports into Hungary in value terms. Germany accounted for 45.5% of imports, China for 12.3%, and Poland for 7.4%, with a combined share of 65.2% of total flows.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Hungary in value, 2018-2021

Source: SHEV.io