Mexico: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Mexico

In 2022, the Mexican spherical roller bearing market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Mexico

In 2022, overseas shipments of spherical roller bearings decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, spherical roller bearing exports expanded sharply to $X in 2022. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The Mexico exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China was the key exporting country with an export of around X tons, which accounted for X% of total exports. Germany (X tons) ranks second in terms of the total exports with a X% share, 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.

China was also the fastest-growing in terms of the spherical roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), Romania (X%) and France (X%) displayed positive paces of growth. Italy, Japan and Germany experienced a relatively flat trend pattern. By contrast, Sweden (X%), Belgium (X%), the UK (X%), Belarus (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China, Romania and Malaysia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Germany ($X) and China ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Japan, Belgium, the United States, Romania, Malaysia, the UK, France, Singapore, Italy and Belarus lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, recorded 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 Mexico stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, export price indicated modest 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. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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 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.

Spherical Roller Bearing Imports

Imports into Mexico

In 2022, purchases abroad of spherical roller bearings was finally on the rise to reach X tons after three years of decline. Over the period under review, imports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Mexico imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, spherical roller bearing imports rose markedly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of spherical roller bearing imports in 2022 were 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), together finishing at X% of total import. Italy (X tons) took a minor share of total imports.

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

In value terms, the largest spherical roller bearing importing markets into Mexico were China ($X), the United States ($X) and Belgium ($X), together accounting for X% of total imports. India, Germany, France, Brazil, Italy, South Korea, Russia, Turkey, Denmark and Thailand lagged somewhat behind, together comprising a further X%.

In terms of 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 Mexico amounted to $X per ton, increasing by X% against the previous year. In general, import price indicated modest 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. Based on 2022 figures, spherical roller bearing import price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Mexico import price peaked in 2022 and is expected to retain growth in the near future.

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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