Peru - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Peru - 2021
Contents:
- Bearing Price in Peru (CIF) - 2021
- Bearing Price in Peru (FOB) - 2022
- Bearing Imports in Peru
- Bearing Exports in Peru
Bearing Price in Peru (CIF) - 2021
The average bearing import price stood at $16,456 per ton in April 2020, with a decrease of -23.4% against the previous month. Over the last three-month period, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in March 2020 an increase of 37% against the previous month. As a result, import price attained the peak level of $21,476 per ton, and then declined sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In April 2020, the country with the highest price was the United States ($30,360 per ton), while the price for China ($6,946 per ton) was amongst the lowest.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Belgium (+59.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Peru (FOB) - 2022
In 2020, the average bearing export price amounted to $19,504 per ton, declining by -2.2% against the previous year. Over the period under review, the export price recorded a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices reached the maximum at $26,814 per ton in 2013; however, from 2014 to 2020, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2020, amid the top suppliers, the country with the highest price was Chile ($859,460 per ton), while the average price for exports to Namibia ($5,182 per ton) was amongst the lowest.
From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-8.7%), while the prices for the other major destinations experienced a decline.
Bearing Imports in Peru
In 2022, bearing imports into Peru dropped rapidly to 2K tons, falling by -57.8% against 2021 figures. Overall, imports saw a sharp setback. The pace of growth appeared the most rapid in 2021 when imports increased by 20%. As a result, imports reached the peak of 4.9K tons, and then reduced rapidly in the following year.
In value terms, bearing imports shrank notably to $40M in 2022. In general, imports showed a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year.
| Import of Bearing in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| United States | 21.3 | 15.2 | -28.6% | ||
| Japan | 17.3 | 12.7 | -26.6% | ||
| China | 12.4 | 10.3 | -16.9% | ||
| Germany | 10.9 | 7.7 | -29.4% | ||
| Sweden | 4.2 | 3.0 | -28.6% | ||
| Italy | 2.7 | 2.2 | -18.5% | ||
| India | 3.3 | 2.1 | -36.4% | ||
| Romania | 3.1 | 1.6 | -48.4% | ||
| South Korea | 1.7 | 1.3 | -23.5% | ||
| France | 1.9 | 1.1 | -42.1% | ||
| Austria | 1.7 | 1.1 | -35.3% | ||
| Singapore | N/A | 0.2 | 0% | ||
| Suriname | N/A | N/A | 0% | ||
| Others | -4.6 | -0.4 | -91.3% | ||
| Total | 76.0 | 58.2 | -23.4% | ||
Top Suppliers of Bearing to Peru in 2022:
- United States (9.1 tons)
- Japan (7.6 tons)
- China (6.2 tons)
- Germany (4.6 tons)
- Sweden (1.8 tons)
- Singapore (1.7 tons)
- Italy (1.3 tons)
- India (1.3 tons)
- Romania (1.0 tons)
- South Korea (0.8 tons)
- Austria (0.7 tons)
- Suriname (0.7 tons)
- France (0.6 tons)
Bearing Exports in Peru
In 2022, bearing exports from Peru contracted notably to 32 tons, with a decrease of -42.7% on the previous year. Overall, exports saw a dramatic decline. The smallest decline of -30.8% was in 2020.
In value terms, bearing exports soared to $1.5M in 2022. Over the period under review, exports recorded a deep slump.
| Export of Bearing in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 | ||
| Chile | 432 | 764 | 76.9% | ||
| United States | 394 | 431 | 9.4% | ||
| Panama | 190 | 200 | 5.3% | ||
| Belgium | 14.6 | 136 | 831.5% | ||
| Zambia | 361 | 125 | -65.4% | ||
| Colombia | 92.2 | 44.2 | -52.1% | ||
| Ecuador | 119 | 39.4 | -66.9% | ||
| Netherlands | 148 | 37.1 | -74.9% | ||
| Cuba | 1.0 | 20.0 | 1900.0% | ||
| Sweden | 147 | 8.7 | -94.1% | ||
| Kuwait | N/A | 4.1 | 0% | ||
| Mexico | 166 | 1.4 | -99.2% | ||
| Namibia | 278 | 0.1 | -100.0% | ||
| Others | 397 | 44.6 | -88.8% | ||
| Total | 2,740 | 1,856 | -32.3% | ||
Top Export Markets for Bearing from Peru in 2022:
- Netherlands (undefined tons)
- Mexico (undefined tons)
- Sweden (undefined tons)
- Namibia (undefined tons)
- Ecuador (undefined tons)
- Panama (1.3 tons)
- Chile (0.9 tons)
- United States (0.5 tons)
- Cuba (0.3 tons)
- Belgium (0.3 tons)
- Zambia (0.3 tons)
- Colombia (0.1 tons)
- Kuwait (0.1 tons)
This report provides an in-depth analysis of the bearing market in Peru. 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:
- Peru
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Peru
- 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
-
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
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This report provides an in-depth analysis of the bearing market in Peru.
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