Latin America and the Caribbean: Roller Bearing Market 2024

Roller Bearing Market Size in Latin America and the Caribbean

The Latin American roller bearing market stood at $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Roller Bearing Production in Latin America and the Caribbean

In value terms, roller bearing production rose slightly to $X in 2022 estimated in export price. The total production indicated resilient 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Roller Bearing Exports

Exports in Latin America and the Caribbean

In 2022, after four years of decline, there was significant growth in shipments abroad of roller bearings, when their volume increased by X% to X tons. In general, exports, however, recorded a slight downturn. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, roller bearing exports rose sharply to $X in 2022. Over the period under review, exports, however, recorded a pronounced curtailment. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Guatemala (X tons), Mexico (X tons) and El Salvador (X tons), together recording X% of total export. Brazil (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%). The following exporters - Panama (X tons) and Chile (X tons) - each recorded a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by El Salvador (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest roller bearing supplying countries in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Guatemala ($X), with a combined X% share of total exports.

Among the main exporting countries, Guatemala, 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 2022, the export price in Latin America and the Caribbean amounted to $X per ton, falling by X% against the previous year. In general, the export price recorded a perceptible curtailment. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2019; however, from 2020 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 Brazil ($X per ton), while El Salvador ($X per ton) was amongst the lowest.

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

Roller Bearing Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of roller bearings increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, roller bearing imports expanded notably to $X in 2022. Over the period under review, imports, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of roller bearings, namely Mexico, Bolivia and Brazil, represented more than half of total import. It was distantly followed by Peru (X tons), Argentina (X tons), Ecuador (X tons) and Chile (X tons), together constituting a X% share of total imports. The following importers - Guatemala (X tons), Colombia (X tons), Costa Rica (X tons), Guyana (X tons), Jamaica (X tons) and Panama (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Brazil ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Peru, Colombia, Argentina, Guatemala, Panama, Ecuador, Bolivia, Costa Rica, Guyana and Jamaica lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Ecuador, 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 Latin America and the Caribbean amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price continues to indicate a slight downturn. The growth pace was the most rapid in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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