Report Update Apr 1, 2024

Puerto Rico - Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Bearing Market 2022

Bearing Market Size in Puerto Rico

The Puerto Rican bearing market declined slightly to $X in 2021, reducing by -3.2% against the previous year. Overall, consumption showed a perceptible descent. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Bearing Production in Puerto Rico

In value terms, bearing production shrank modestly to $X in 2021 estimated in export price. In general, production saw a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by 12% against the previous year. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Bearing Exports

Exports by Country

In 2021, China (X tons) was the major exporter of ball or roller bearings, creating 31% of total exports. It was distantly followed by Japan (X tons), Germany (X tons) and the United States (X tons), together making up a 28% share of total exports. The following exporters - France (X tons), Italy (X tons), South Korea (X tons), the Netherlands (X tons), Poland (X tons), Romania (X tons), Austria (X tons), Slovakia (X tons) and Singapore (X tons) - together made up 23% of total exports.

China was also the fastest-growing in terms of the ball or roller bearings exports, with a CAGR of +17.2% from 2012 to 2021. At the same time, the United States (+7.8%), the Netherlands (+4.7%), Poland (+4.0%), South Korea (+3.0%) and Germany (+1.9%) displayed positive paces of growth. Romania, Italy, Japan and France experienced a relatively flat trend pattern. By contrast, Slovakia (-1.4%), Singapore (-2.1%) and Austria (-3.5%) illustrated a downward trend over the same period. China (+20 p.p.) and the United States (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while Austria, France, Germany and Japan saw its share reduced by -1.8%, -2.2%, -2.3% and -4.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2021, together comprising 48% of total exports.

In terms of the main exporting countries, China, with a CAGR of +5.3%, recorded 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

The export price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.0%), while the other leaders experienced more modest paces of growth.

Bearing Imports

Imports by Country

In 2021, the United States (X tons) was the key importer of ball or roller bearings, creating 37% of total imports. Germany (X tons) held the second position in the ranking, followed by China (X tons). All these countries together held near 14% share of total imports. Mexico (X tons), Brazil (X tons), Italy (X tons), Russia (X tons), France (X tons), Vietnam (X tons), the Netherlands (X tons), India (X tons), Indonesia (X tons) and Thailand (X tons) took a minor share of total imports.

The United States was also the fastest-growing in terms of the ball or roller bearings imports, with a CAGR of +23.2% from 2012 to 2021. At the same time, Vietnam (+21.4%), Thailand (+8.3%), China (+5.2%), Brazil (+4.7%), India (+4.7%), the Netherlands (+3.4%), Mexico (+3.4%), Indonesia (+2.6%) and Italy (+1.6%) displayed positive paces of growth. France, Germany and Russia experienced a relatively flat trend pattern. While the share of the United States (+27 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of France (-1.6 p.p.), Russia (-1.8 p.p.) and Germany (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of imports in 2021, with a combined 35% share of total imports.

China, with a CAGR of +5.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.3%), while the other leaders experienced mixed trends in the import price figures.

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Frequently Asked Questions (FAQ) :

What are the largest markets for ball or roller bearings in the world?

The countries with the highest volumes of consumption in 2021 were Thailand, the United States and China, with a combined 68% share of global consumption.

What are the largest producers of ball or roller bearings in the world?

The countries with the highest volumes of production in 2021 were Thailand, China and Japan, together accounting for 75% of global production.

What are the leading suppliers of ball or roller bearings to Puerto Rico?

In value terms, China, Germany and the United States constituted the countries with the highest levels of imports in 2021, with a combined 35% share of total imports.

What are the leading importers of ball or roller bearings from Puerto Rico?

In value terms, the largest bearing supplying countries from Puerto Rico were China, Germany and Japan, with a combined 48% share of total exports.

What is the average export price for ball or roller bearings in Puerto Rico?

The export price in Puerto Rico stood at less than $0.1 per ton in 2021, approximately mirroring the previous year.

What is the average import price for ball or roller bearings in Puerto Rico?

In 2021, the import price in Puerto Rico amounted to less than $0.1 per ton, remaining stable against the previous year.

This report provides an in-depth analysis of the bearing market in Puerto Rico. 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.

Product coverage:

Prodcom 28151030 - Ball bearings
Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
Prodcom 28151055 - Spherical roller bearings
Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
Prodcom 28151070 - Needle roller bearings
Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023