Market research

Tapered roller 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 opening of Timken Company's new manufacturing facility in nearby Romania and its acquisition of ABC Bearings expanded regional production capacity and competition, coinciding with Hungary's production of 24 896 t and a market volume of 19 013 t. Production and market volume then declined over the next two years, falling to 15 369 t and 11 194 t respectively by 2020.

The market rebounded strongly in 2021, aided by a surge in global trade for tapered roller bearings where worldwide imports and exports grew by 29% and 35%. This buoyed Hungarian production to 18 684 t and increased market volume to 14 162 t. Hungary's position as a leading EU producer and exporter helped sustain export growth into 2022.

After trade volumes peaked in 2023, the market underwent a correction in 2024 with imports falling to 2 942 t and exports to 9 337 t, reflecting an adjustment following the high volumes of 2022. Throughout this period, Hungary maintained the highest per capita consumption of tapered roller bearings in Europe, indicating robust underlying domestic demand.

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 and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2021, 2024
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2021, 2024
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2021, 2024
    2. 4.1.2.2. Imports, 2018-2025
    3. 4.1.2.3. Exports, 2018-2025
    4. 4.1.2.4. Market size, 2018-2021, 2024
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hungary
  1. 5.1.1. In kind, 2018-2021, 2024, t
  2. 5.1.2. In value, 2018-2021, 2024, M $ 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, M $ 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 tapered roller bearings in Hungary

In value, 2018-2021, M $ US

After a two-year decline, tapered roller bearings production in Hungary increased. In 2021, output was valued at 140.6 million US dollars, showing a sharp rise of 32.5% compared to 2020. The minimum value was recorded in 2020 at 106.1 million US dollars, which also saw the largest decline of 18.5%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(7.3%)	(18.5%)	32.5%	0.1%

Source: SHEV.io

In kind, 2018-2021, t

Following a two-year drop, Hungary's tapered roller bearings production volume increased. In 2021, 18,684 tonnes were produced, reflecting a solid advance of 21.6% from the previous year. Between 2018 and 2021, production decreased by 25%, equating to an annualized rate of 9.1%. The minimum volume was recorded in 2020 at 15,369 tonnes, while the largest decline occurred in 2019 with a 25.5% drop.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(25.5%)	(17.1%)	21.6%	(9.1%)

Source: SHEV.io

Exports tapered roller bearings from Hungary

Exports in kind, t

After a two-year fall, Hungary's tapered roller bearings export volume increased. In 2021, export volume amounted to 8,377 tonnes, marking a significant rise of 11.6% compared to 2020. Over the period 2018-2021, exports decreased by 7.1%, with a compound annual growth rate of 2.4%. The minimum value was recorded in 2020 at 7,509 tonnes, which also saw the largest decline of 14.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(2.7%)	(14.4%)	11.6%	(2.4%)

Source: SHEV.io

From 2018 to 2021, Germany absorbed 78.7% of Hungary's total tapered roller bearings exports in kind, with the remaining share distributed across a wide range of smaller destinations.

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

After a two-year contraction, tapered roller bearings exports from Hungary increased. In 2021, Hungary exported 124.8 million US dollars worth of tapered roller bearings, indicating a sharp advance of 41.7% compared to the previous year. Between 2018 and 2021, exports increased by 29.3%, equating to an annualized rate of 9.0%. The minimum value was recorded in 2020 at 88.0 million US dollars, which also saw the largest decline of 7.4%.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	(1.5%)	(7.4%)	41.7%	9.0%

Source: SHEV.io

Throughout 2018-2021, Germany, China, and India were the key destinations for Hungary's tapered roller bearings exports in value terms, accounting for 66.8%, 7.5%, and 6.3% respectively. Together, they represented 80.6% of total export 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 tapered roller bearings to Hungary

Imports in kind, t

Hungary imported approximately 3,854 tonnes of tapered roller bearings in 2021, marking a robust uptick of 15.6% year-on-year. Between 2018 and 2021, imports increased by 23%, equating to an annualized rate of 7.1%. The largest decline was recorded in 2020 with a 2.4% drop.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	9.0%	(2.4%)	15.6%	7.1%

Source: SHEV.io

In 2018-2021, three principal markets—Germany, China, and Italy—together accounted for 82.7% of Hungary's total tapered roller bearings imports in kind.

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

Hungary imported a total of 33.5 million US dollars worth of tapered roller bearings in 2021, reflecting an increase of 20.1% compared to the previous year. Between 2018 and 2021, imports increased by 21.6%, equating to an annualized rate of 6.7%. The largest decline was recorded in 2020 with a 10.5% drop.

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

Parameter		2019	2020	2021	CAGR
1	Change from last year	13.1%	(10.5%)	20.1%	6.7%

Source: SHEV.io

Over 2018-2021, Germany, China, and Italy led the ranking of suppliers of tapered roller bearings to Hungary in value terms, with shares of 52.8%, 10.2%, and 8.2% respectively. Their combined share reached 71.2% of total imports in value terms.

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