
Puerto Rico - Hot-Rolled Bars in Bearing Steels - Market Analysis, Forecast, Size, Trends and Insights
Puerto Rico: Market for Hot-Rolled Bars In Bearing Steels 2023
Exports of Hot-Rolled Bars In Bearing Steels
Exports by Country
In 2021, China (X tons) represented the key exporter of hot-rolled bars in bearing steels, comprising 39% of total exports. Japan (X tons) ranks second in terms of the total exports with a 7.5% share, followed by Germany (6.3%), Russia (4.9%) and Italy (4.6%). South Korea (X tons), Canada (X tons), Turkey (X tons), Chile (X tons), Belgium (X tons), Poland (X tons), the Czech Republic (X tons) and Romania (X tons) followed a long way behind the leaders.
From 2012 to 2021, average annual rates of growth with regard to hot-rolled bearing steel bar exports from China stood at -5.7%. At the same time, Chile (+115.6%), Romania (+26.6%), Poland (+13.2%), Turkey (+12.1%), Italy (+9.7%), South Korea (+8.1%), Belgium (+5.5%), Germany (+4.9%), Russia (+4.9%) and Japan (+1.3%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in the world, with a CAGR of +115.6% from 2012-2021. Canada experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy, Chile, Germany, South Korea, Turkey, Russia, Japan and Romania increased by +2.9, +2.8, +2.7, +2.5, +2.2, +2.1, +1.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X) remains the largest hot-rolled bearing steel bar supplier from Puerto Rico, comprising 31% of global exports. The second position in the ranking was taken by Japan ($X), with an 8.4% share of global exports. It was followed by Germany, with an 8.1% share.
From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -3.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-0.5% per year) and Germany (+2.7% per year).
Imports of Hot-Rolled Bars In Bearing Steels
Imports by Country
Germany (X tons), South Korea (X tons), Mexico (X tons), Israel (X tons), Thailand (X tons), Italy (X tons), Indonesia (X tons), China (X tons), Peru (X tons), Taiwan (Chinese) (X tons), France (X tons) and Poland (X tons) represented roughly 51% of total imports in 2021. Canada (X tons) followed a long way behind the leaders.
From 2012 to 2021, the biggest increases were in Israel (with a CAGR of +63.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest hot-rolled bearing steel bar importing markets into Puerto Rico were Germany ($X), Israel ($X) and Mexico ($X), with a combined 19% share of total imports.
Israel, with a CAGR of +54.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar 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.
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
Recommended reports
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in Asia.
This report provides an in-depth analysis of the global market for hot-rolled bearing steel bar.
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in the EU.
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in the U.S..
This report provides an in-depth analysis of the market for hot-rolled bearing steel bar in China.
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 22nd, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, February 8th, 2022 @ 04:00 pm ET
Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!
Tuesday, January 25th, 2022 @ 04:00 pm ET