Dominican Republic: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in the Dominican Republic

In 2022, the Dominican spherical roller bearing market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Spherical Roller Bearing Exports

Exports from the Dominican Republic

In 2022, the amount of spherical roller bearings exported from the Dominican Republic totaled X kg, approximately equating the previous year's figure. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, spherical roller bearing exports amounted to $X in 2022. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. The the Dominican Republic exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

China represented the main exporting country with an export of about X tons, which resulted at X% of total exports. Germany (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (X%), Japan (X%), Romania (X%) and Belgium (X%). The following exporters - Malaysia (X tons), France (X tons), the UK (X tons), Singapore (X tons), Italy (X tons), the United States (X tons) and Belarus (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2017 to 2022. At the same time, Belgium (X%), Malaysia (X%), Romania (X%), Sweden (X%) and France (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2017-2022. Germany, Japan and Italy experienced a relatively flat trend pattern. By contrast, the UK (X%), Belarus (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.), Belgium (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the global exports, while the UK, Japan, Singapore, Germany and the United States saw its share reduced by X%, X%, X%, X% and X% from 2017 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest spherical roller bearing supplying countries from the Dominican Republic were Sweden ($X), Germany ($X) and China ($X), together comprising X% of total exports. Japan, Belgium, the United States, Romania, Malaysia, the UK, France, Singapore, Italy and Belarus lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Belgium, 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 the Dominican Republic stood at $X per ton in 2022, remaining stable against the previous year. Over the period under review, the export price posted strong growth. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

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 ($X per ton), while China ($X per ton) was amongst the lowest.

From 2017 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.

Spherical Roller Bearing Imports

Imports into the Dominican Republic

In 2022, supplies from abroad of spherical roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports saw a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, spherical roller bearing imports surged to $X in 2022. Over the period under review, imports recorded a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons), China (X tons), the United States (X tons), Germany (X tons), India (X tons), Russia (X tons), France (X tons), Brazil (X tons), Denmark (X tons), South Korea (X tons), Thailand (X tons) and Turkey (X tons) represented the major importer of spherical roller bearings in the world, achieving X% of total import. Italy (X tons) took 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 spherical roller bearing importing markets into the Dominican Republic were China ($X), the United States ($X) and Belgium ($X), with a combined X% share of total imports. India, Germany, France, Brazil, Italy, South Korea, Russia, Turkey, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

Among the main importing countries, India, with a CAGR of X%, recorded 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.

Import Prices by Country

In 2022, the import price in the Dominican Republic amounted to $X per ton, which is down by X% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2014 an increase of X%. The Dominican Republic import price peaked at $X per ton in 2021, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while Thailand ($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 a decline in the import price figures.

Source: IndexBox Platform

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