Report Update May 1, 2024

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

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Puerto Rico: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Puerto Rico

In 2021, the Puerto Rican tapered roller bearing market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, showed a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Tapered Roller Bearing Production in Puerto Rico

In value terms, tapered roller bearing production surged to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2017 when the production volume increased by 35% against the previous year. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports by Country

China represented the largest exporter of tapered roller bearings in the world, with the volume of exports resulting at X tons, which was near 27% of total exports in 2021. Japan (X tons) ranks second in terms of the total exports with a 12% share, followed by Germany (12%), France (5.6%) and Austria (4.8%). The following exporters - Romania (X tons), South Korea (X tons), Poland (X tons), India (X tons), the United States (X tons), the Netherlands (X tons), Singapore (X tons) and Hungary (X tons) - together made up 24% of total exports.

China was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of +17.1% from 2012 to 2021. At the same time, India (+13.6%), South Korea (+8.3%), Romania (+6.2%), Germany (+4.3%), Poland (+3.6%), Singapore (+3.5%) and the Netherlands (+3.0%) displayed positive paces of growth. Hungary, Japan and France experienced a relatively flat trend pattern. By contrast, Austria (-4.9%) and the United States (-12.0%) illustrated a downward trend over the same period. While the share of China (+19 p.p.), India (+2.1 p.p.), Germany (+1.7 p.p.) and South Korea (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of France (-1.9 p.p.), Japan (-3.9 p.p.), Austria (-4.6 p.p.) and the United States (-6.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tapered roller bearing supplying countries from Puerto Rico were Germany ($X), Japan ($X) and China ($X), together accounting for 44% of total exports. These countries were followed by the United States, France, Romania, India, Austria, South Korea, Poland, the Netherlands, Singapore and Hungary, which together accounted for a further 43%.

India, with a CAGR of +12.1%, recorded 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.

Tapered Roller Bearing Imports

Imports by Country

In 2021, Germany (X tons), the United States (X tons) and China (X tons) represented the key importer of tapered roller bearings in the world, achieving 35% of total import. Brazil (X tons) took the next position in the ranking, followed by France (X tons) and Mexico (X tons). All these countries together held approx. 17% share of total imports. Italy (X tons), Russia (X tons), Sweden (X tons), India (X tons), Belgium (X tons), the Netherlands (X tons) and Spain (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +11.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 38% of total imports.

China, with a CAGR of +11.7%, 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.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tapered roller bearings in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, with a combined 47% share of global consumption.

What are the largest producers of tapered roller bearings in the world?

China remains the largest tapered roller bearing producing country worldwide, comprising approx. 32% of total volume. Moreover, tapered roller bearing production in China exceeded the figures recorded by the second-largest producer, Japan, threefold. The third position in this ranking was held by India, with a 10% share.

What are the leading suppliers of tapered 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 38% share of total imports.

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

In value terms, the largest tapered roller bearing supplying countries from Puerto Rico were Germany, Japan and China, with a combined 44% share of total exports. The United States, France, Romania, India, Austria, South Korea, Poland, the Netherlands, Singapore and Hungary lagged somewhat behind, together comprising a further 43%.

This report provides an in-depth analysis of the tapered roller 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 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)

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