Mexico - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMexico's Bearing Price Slumps 24%, Averaging $11.0 per Kg
Mexico Bearing Import Price in July 2022
In July 2022, the bearing price stood at $11.0 per kg (CIF, Mexico), reducing by -24.4% against the previous month. In general, the import price recorded a perceptible contraction. The growth pace was the most rapid in May 2022 an increase of 879% month-to-month. The import price peaked at $15.2 per kg in February 2022; however, from March 2022 to July 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In July 2022, the country with the highest price was Germany ($47.0 per kg), while the price for China ($5.7 per kg) was amongst the lowest.
From January 2022 to July 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Mexico Bearing Imports
In July 2022, after two months of decline, there was significant growth in overseas purchases of ball and roller bearings, when their volume increased by 34% to 9K tons. Overall, imports enjoyed prominent growth. The pace of growth was the most pronounced in April 2022 with an increase of 794% month-to-month. As a result, imports attained the peak of 70K tons. From May 2022 to July 2022, the growth of imports remained at a somewhat lower figure.
In value terms, bearing imports rose modestly to $100M (IndexBox estimates) in July 2022. The total import value increased at an average monthly rate of +4.2% from January 2022 to July 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in March 2022 when imports increased by 21% against the previous month. As a result, imports attained the peak of $112M. From April 2022 to July 2022, the growth of imports failed to regain momentum.
Mexico Bearing Imports by Country
In July 2022, China (5.4K tons) constituted the largest bearing supplier to Mexico, accounting for a 60% share of total imports. Moreover, bearing imports from China exceeded the figures recorded by the second-largest supplier, the United States (1.3K tons), fourfold. The third position in this ranking was held by Japan (532 tons), with a 5.9% share.
From January 2022 to July 2022, the average monthly growth rate of volume from China totaled +13.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: the United States (+3.1% per month) and Japan (-0.5% per month).
In value terms, China ($31M), the United States ($25M) and Germany ($8.2M) constituted the largest bearing suppliers to Mexico, with a combined 65% share of total imports. These countries were followed by Japan, South Korea, India and Poland, which together accounted for a further 18%.
In terms of the main suppliers, Poland, with a CAGR of +18.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Bearing Market Overview
Roller bearings come in a variety of types, each with their own advantages and disadvantages. The most common types of roller bearings are ball bearings, needle bearings, and tapered bearings. Ball bearings are the most versatile and can be used in a wide variety of applications. Needle bearings are well-suited for high-speed applications. Tapered bearings are designed to handle heavy loads and can be found in many industrial applications.
In recent years, the price of roller bearings in Mexico has been on the rise. This is due to a number of factors, including the increasing cost of raw materials, the rising cost of labor, and the strengthening of the Mexican peso. As a result of these factors, many companies that use roller bearings in their manufacturing processes have been forced to either raise prices or pass on the increased costs to their customers.
Despite the increase in prices, demand for roller bearings remains high in Mexico. This is due to the country's growing manufacturing sector, which is using more and more roller bearings in its production processes.
This report provides an in-depth analysis of the bearing market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28151030 - Ball bearings
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
