Balls, needles and rollers for ball or roller bearings market in Slovakia

Earlier Report Observations

The market volume for balls, needles and rollers for ball or roller bearings in Slovakia declined significantly over the 2018–2024 period, from 27 680 t to 11 024 t. The most pronounced contraction occurred in 2020, when market size fell by 32% to 16 951 t, coinciding with the global COVID-19 pandemic which disrupted industrial supply chains and dampened demand across manufacturing sectors.

A partial recovery to 19 593 t followed in 2021, but the downward trend resumed, with volume dropping to 17 826 t in 2022 and 13 058 t in 2023. By 2024, the market reached 11 024 t, while proposed amendments to construction and environmental regulations were under discussion, potentially affecting industrial demand indirectly. Established manufacturers like ZVL SLOVAKIA continued to supply a range of specialized bearing components, emphasizing quality and technical parameters such as load capacity and lubrication.

Production balls, needles and rollers for ball or roller bearings in Slovakia

In value, 2017-2020, K $ US

In Slovakia, the production value of balls, needles, and rollers for ball or roller bearings reached 53 428 K $ US in 2020, marking a 6.1% decrease compared to the previous year. Over the period from 2017 to 2020, production grew by 8.7%, with an average annual growth rate of 2.8%. The lowest value was recorded in 2018 at 45 914 K $ US, while the highest was in 2019 at 56 903 K $ US. The most significant decline occurred in 2018, with a drop of 6.6%, whereas the largest increase was in 2019, with a rise of 23.9%.

Annual dynamics of production in Slovakia in value, 2017-2020, K $ US

In kind, 2017-2020, t

Following two years of growth, Slovakia's production volume of balls, needles, and rollers for ball or roller bearings experienced a decline. In 2020, the country produced 8 508 t, representing a 26.2% year-over-year decrease. From 2017 to 2020, production fell by 23.4%, which translates to an annualized decline rate of 8.5%. The peak volume was recorded in 2019 at 11 522 t, and the largest increase occurred in 2018, with a rise of 3.1%.

Annual dynamics of production in Slovakia in kind, 2017-2020, t

Exports balls, needles and rollers for ball or roller bearings from Slovakia

Exports in kind, t

Exports of balls, needles, and rollers for ball or roller bearings from Slovakia declined for the second year in a row. In 2020, the export volume stood at 7 148 t, showing a sharp decrease of 25.4% compared to the previous year. Between 2017 and 2020, exports dropped by 34.4%, equating to an annualized decline of 13.1%. The highest export volume was in 2018 at 10 927 t, and the largest increase was also recorded in 2018, with a modest rise of 0.3%.

Annual dynamics of product's exports from Slovakia in kind, 2017-2020, t

From 2017 to 2020, Germany and France served as the primary markets for Slovakia's exports in kind, together accounting for 84.3% of total flows. Other destinations held relatively smaller shares during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Slovakia in kind, 2017-2020

Exports in value, M $ US

Exports of balls, needles, and rollers for ball or roller bearings from Slovakia fell for the second consecutive year. In 2020, exports amounted to 43.5 M $ US, down by 12.3% from 2019. Over the 2017-2020 period, exports decreased by 16.1%, with an average annual decline of 5.7%. The peak value was recorded in 2018 at 53.5 M $ US, and the largest increase occurred in 2018, with a rise of 3.1%.

Annual dynamics of product's exports from Slovakia in value, 2017-2020, M $ US

Between 2017 and 2020, Germany and France were the two leading markets for Slovakia's exports in value terms, jointly representing 86.2% of total exports. The remaining share was distributed across a variety of other countries.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Slovakia in value, 2017-2020

Imports balls, needles and rollers for ball or roller bearings to Slovakia

Imports in kind, t

Slovakia's imports of balls, needles, and rollers for ball or roller bearings declined for the third year in a row. In 2020, the country imported 15 591 t, indicating a 32.1% decrease compared to the previous year. From 2017 to 2020, imports fell by 43.5%, which corresponds to an annualized decline rate of 17.3%.

Annual dynamics of product's imports to Slovakia in kind, 2017-2020, t

During the 2017-2020 period, Germany and Italy were the dominant suppliers of balls, needles, and rollers for ball or roller bearings to Slovakia, together accounting for 87.9% of total imports in kind. Other partners contributed to a lesser extent.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Slovakia in kind, 2017-2020

Imports in value, M $ US

Imports of balls, needles, and rollers for ball or roller bearings into Slovakia declined for the second consecutive year. In 2020, imports totaled 79.7 M $ US, reflecting a notable reduction of 21.2% from the previous year. Over the 2017-2020 span, imports decreased by 25.7%, with an average annual decline of 9.4%. The highest value was recorded in 2018 at 113.2 M $ US, and the largest increase occurred in 2018, with a rise of 5.5%.

Annual dynamics of product's imports to Slovakia in value, 2017-2020, M $ US

From 2017 to 2020, Germany and Italy played key roles in Slovakia's imports in value terms, with a combined share of 84.0% of total flows. The remaining portion was spread among other countries.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Slovakia in value, 2017-2020