Argentina: Roller Bearing Market 2024

Roller Bearing Market Size in Argentina

The Argentinian roller bearing market contracted to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level of $X, and then fell in the following year.

Roller Bearing Exports

Exports from Argentina

In 2022, approx. X kg of roller bearings were exported from Argentina; increasing by X% on the year before. In general, exports, however, faced a sharp contraction. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, roller bearing exports surged to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the key exporter of roller bearings in the world, with the volume of exports recording X tons, which was near X% of total exports in 2022. Singapore (X tons) held the second position in the ranking, followed by Germany (X tons), France (X tons), Slovakia (X tons) and the United States (X tons). All these countries together took near X% share of total exports. Italy (X tons), Vietnam (X tons), South Korea (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), Indonesia (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to roller bearing exports from China stood at X%. At the same time, Indonesia (X%), Vietnam (X%), the United Arab Emirates (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Italy (X%), France (X%), Germany (X%), South Korea (X%), Hong Kong SAR (X%), the United States (X%) and Austria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Singapore ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Italy, the United States, Vietnam, France, Hong Kong SAR, Slovakia, South Korea, Austria, the United Arab Emirates and Indonesia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Argentina stood at $X per ton in 2022, declining by X% against the previous year. In general, the export price, however, showed noticeable growth. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The Argentina export price peaked at $X per ton in 2021, and then fell markedly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Indonesia ($X 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 (X%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Argentina

In 2022, the amount of roller bearings imported into Argentina contracted to X tons, dropping by X% against 2021. Over the period under review, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, roller bearing imports reduced to $X in 2022. In general, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2022, Indonesia (X tons), followed by Germany (X tons) and Thailand (X tons) were the largest importers of roller bearings, together constituting X% of total imports. India (X tons), Italy (X tons), Nigeria (X tons), Canada (X tons), South Korea (X tons), Spain (X tons), France (X tons), Poland (X tons), Singapore (X tons) and Austria (X tons) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing importing markets into Argentina were Germany ($X), India ($X) and Indonesia ($X), with a combined X% share of total imports. Canada, Thailand, South Korea, Italy, France, Poland, Singapore, Austria, Spain and Nigeria lagged somewhat behind, together comprising a further X%.

Austria, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Argentina stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Argentina import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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