Report Update: May 1, 2024

Venezuela - Bearing Housings Incorporating Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Price for Bearing Housing with Ball Bearing in Venezuela - 2022

Price for Bearing Housing with Ball Bearing in Venezuela (CIF) - 2022

The average import price for bearing housings incorporating ball or roller bearings stood at $3,887 per ton in 2022, growing by 4.1% against the previous year. In general, the import price, however, saw a deep reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 55% against the previous year. As a result, import price reached the peak level of $19,404 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($24,868 per ton), while the price for Singapore ($1,945 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the prices for the other major suppliers experienced a decline.

Price for Bearing Housing with Ball Bearing in Venezuela (FOB) - 2022

The average export price for bearing housings incorporating ball or roller bearings stood at $25,824 per ton in 2022, jumping by 67% against the previous year. In general, the export price, however, recorded a abrupt decrease. Over the period under review, the average export prices reached the peak figure at $49,850 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Panama ($41,579 per ton), while the average price for exports to Poland ($17,267 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+48.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bearing Housing with Ball Bearing in Venezuela

In 2022, imports of bearing housings incorporating ball or roller bearings into Venezuela declined remarkably to 53 tons, falling by -22.2% compared with 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 84%. As a result, imports reached the peak of 68 tons, and then contracted remarkably in the following year.

In value terms, bearing housing with ball bearing imports dropped notably to $207K in 2022. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of $256K, and then reduced markedly in the following year.

Import of Bearing Housing with Ball Bearing in Venezuela (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	100	78.9	116	94.3	-1.9%
China	19.5	17.5	44.3	39.3	26.3%
Belarus	22.8	15.8	20.4	14.6	-13.8%
Panama	21.9	2.8	14.2	10.4	-22.0%
Japan	10.8	7.6	10.0	7.3	-12.2%
Singapore	9.6	5.9	6.7	4.2	-24.1%
Taiwan (Chinese)	4.6	2.9	3.4	2.2	-21.8%
Others	39.8	26.9	40.6	34.7	-4.5%
Total	229	158	256	207	-3.3%

Top Suppliers of Bearing Housing with Ball Bearing to Venezuela in 2022:

Hong Kong SAR (21.2 tons)
China (15.8 tons)
Belarus (7.0 tons)
Singapore (2.1 tons)
Japan (2.1 tons)
Taiwan (Chinese) (1.0 tons)
Panama (0.8 tons)

Exports of Bearing Housing with Ball Bearing in Venezuela

In 2022, after three years of growth, there was significant decline in shipments abroad of bearing housings incorporating ball or roller bearings, when their volume decreased by -44.3% to 68 kg. Overall, exports, however, showed moderate growth. The pace of growth was the most pronounced in 2021 when exports increased by 67% against the previous year. As a result, the exports attained the peak of 122 kg, and then dropped markedly in the following year.

In value terms, bearing housing with ball bearing exports shrank to $1.8K in 2022. The total export value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 19%.

Export of Bearing Housing with Ball Bearing in Venezuela (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Panama	763	980	389	790	1.2%
Guatemala	N/A	N/A	N/A	446	0%
Poland	188	162	87.0	259	11.3%
Guyana	N/A	N/A	N/A	183	0%
Costa Rica	78.0	100	39.0	78.0	0.0%
Dominican Republic	N/A	384	N/A	N/A	0%
Jordan	N/A	N/A	1,369	N/A	0%
United Arab Emirates	124	N/A	N/A	N/A	0%
Others	214	N/A	N/A	N/A	0%
Total	1,367	1,626	1,884	1,756	8.7%

Top Export Markets for Bearing Housing with Ball Bearing from Venezuela in 2022:

Guatemala (20.0 kg)
Panama (19.0 kg)
Poland (15.0 kg)
Guyana (10.0 kg)
Costa Rica (4.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for bearing housing with ball bearing in Venezuela. 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 28152330 - Bearing housings incorporating ball or roller bearings

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023