Combined ball and roller bearings market in Slovakia

Earlier Report Observations

The market for combined ball and roller bearings in Slovakia experienced a substantial contraction in volume terms between 2018 and 2024. Over this seven-year period, domestic market size fell from 4 613 t to 861 t, representing a decline of more than 80%. The downward trend was nearly continuous, with only a minor interruption in 2021.

The most pronounced drops occurred in 2019, when volume shrank by one-third, and again in 2024, with a further 33% reduction. The temporary rebound in 2021 saw volume edge up by 4% to 2 291 t, accompanied by a notable increase in market value to 29.5 million USD. However, this recovery proved short-lived, as volume resumed its decline in the following years. In value terms, the market's contraction was less severe, falling from 35.4 million USD in 2018 to 14.3 million USD in 2024, indicating a shift toward higher-value products or changes in pricing dynamics.

Production combined ball and roller bearings in Slovakia

In value, 2017-2020, K $ US

Slovakia's production of combined ball and roller bearings declined for the second year in a row. In 2020, the output was valued at 57 215 thousand US dollars, marking a 15.9% decrease from the previous year. From 2018 to 2020, production fell by 34.3%, which translates to an annualized decline of 13.1%.

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

In kind, 2017-2020, t

Slovakia's production of combined ball and roller bearings dropped for the second consecutive year. In 2020, the country produced 5 906 tonnes, showing a significant 17.3% decline compared to 2019. Between 2018 and 2020, production decreased by 38.1%, equivalent to an annualized rate of 14.8%.

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

Exports combined ball and roller bearings from Slovakia

Exports in kind, t

Slovakia's exports of combined ball and roller bearings fell for the second year running. In 2020, the country exported 3 946 tonnes, which is 18.2% less than in the previous year. Over the period from 2017 to 2020, exports dropped by 24.7%, with a compound annual growth rate of -9.0%. The highest export volume was recorded in 2018 at 5 254 tonnes, with the largest increase of 0.3% also occurring that year.

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

From 2017 to 2020, Germany dominated Slovakia's exports in kind, accounting for 71.1% of the total. The remaining exports were spread across a diverse group of smaller countries.

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, K $ US

Slovakia's exports of combined ball and roller bearings declined for the third consecutive year. In 2020, exports amounted to 37 052 thousand US dollars, reflecting a sharp 23.2% decrease from the year before. Between 2017 and 2020, exports fell by 40.3%, with a compound annual growth rate of -15.8%.

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

From 2017 to 2020, Germany, Italy, and France were the key players in Slovakia's exports by value. Germany led with 57.0%, followed by Italy at 14.9%, and France at 6.1%. Together, these three countries accounted for 77.9% of total export flows.

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

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

Imports combined ball and roller bearings to Slovakia

Imports in kind, t

The market displayed volatility during the observed period. Imports reached their lowest point in 2020 at 245 tonnes, after peaking in 2019 at 758 tonnes, with a 3.1-fold difference between these years. In 2020, import volume contracted by 67.6% compared to the prior year. The largest increase was recorded in 2019 at 134.0%.

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

Between 2017 and 2020, Germany, Italy, and Czechia were the main sources for Slovakia's imports in kind. Germany accounted for 46.6%, Italy for 12.6%, and Czechia for 12.3%, together making up 71.5% of total import flows.

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, K $ US

Slovakia's imports of combined ball and roller bearings decreased for the third year in a row. In 2020, imports totaled 4 467 thousand US dollars, showing a strong 17.2% decline from the previous year. From 2017 to 2020, imports fell by 29.5%, with a compound annual growth rate of -11.0%.

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

From 2017 to 2020, Germany, Italy, and Czechia were the leading destinations in Slovakia's import structure by value. Germany held 25.5%, Italy 14.4%, and Czechia 14.0%, collectively representing 54.0% of total import flows.

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

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