Peru: Roller Bearing Market 2024

Roller Bearing Market Size in Peru

In 2022, the Peruvian roller bearing market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption posted a measured expansion. Peru consumption peaked in 2022 and is likely to see gradual growth in the near future.

Roller Bearing Exports

Exports from Peru

In 2022, approx. X tons of roller bearings were exported from Peru; growing by X% on the previous year. Overall, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The Peru exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, roller bearing exports surged to $X in 2022. In general, exports showed a strong expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China was the main exporter of roller bearings in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Singapore (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), France (X%), Slovakia (X%) and the United States (X%). 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) took a little share of total exports.

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. China (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the global exports, while Singapore, France, Germany, Hong Kong SAR, the United States, South Korea and Austria saw its share reduced by X%, X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest roller bearing supplying countries from Peru were China ($X), Germany ($X) and Singapore ($X), 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 accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 Peru stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price recorded a pronounced decrease. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. The Peru export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Peru

Roller bearing imports into Peru soared to X tons in 2022, with an increase of X% against the previous year. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, roller bearing imports shrank to $X in 2022. Over the period under review, imports showed modest growth. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Indonesia (X tons), followed by Germany (X tons) and Thailand (X tons) were the major importers of roller bearings, together generating 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 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 roller bearing importing markets into Peru 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%.

In terms of the main importing countries, Austria, with a CAGR of X%, saw 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

The import price in Peru stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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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