
Ecuador - Tapered Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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Ecuador: Tapered Roller Bearing Market 2022
Tapered Roller Bearing Market Size in Ecuador
In 2021, after three years of decline, there was significant growth in the Ecuadorian tapered roller bearing market, when its value increased by X% to $X. Over the period under review, consumption, however, showed a relatively flat trend pattern. Tapered roller bearing consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.
Tapered Roller Bearing Exports
Exports from Ecuador
In 2021, shipments abroad of tapered roller bearings decreased by -X% to X kg, falling for the second year in a row after two years of growth. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.
In value terms, tapered roller bearing exports declined markedly to $X in 2021. Over the period under review, exports showed a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.
Exports by Country
The United States (X kg), Colombia (X kg) and Peru (X kg) were the main destinations of tapered roller bearing exports from Ecuador, together accounting for X% of total exports.
From 2012 to 2021, the biggest increases were in Peru (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for tapered roller bearing exported from Ecuador were Canada ($X), the United States ($X) and El Salvador ($X), with a combined X% share of total exports. Colombia, Brazil and Peru lagged somewhat behind, together comprising a further X terms of the main countries of destination, Peru, with a CAGR of +X%, saw the highest growth rate of 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
In 2021, the average tapered roller bearing export price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price posted buoyant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Canada ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+X%), while the prices for the other major destinations experienced more modest paces of growth.
Tapered Roller Bearing Imports
Imports into Ecuador
In 2021, supplies from abroad of tapered roller bearings was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Overall, imports, however, recorded a mild downturn. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, tapered roller bearing imports soared to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.
Imports by Country
Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of tapered roller bearing imports to Ecuador, together accounting for X% of total imports.
From 2012 to 2021, the biggest increases were in Japan (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest tapered roller bearing suppliers to Ecuador were Japan ($X), China ($X) and the United States ($X), with a combined X% share of total imports.
Japan, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The average tapered roller bearing import price stood at $X per ton in 2021, surging by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2016 when the average import price increased by X%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the tapered roller bearing market in Ecuador. 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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