Venezuela: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Venezuela

The Venezuelan tapered roller bearing market rose notably to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, faced a sharp descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports from Venezuela

In 2022, the amount of tapered roller bearings exported from Venezuela rose slightly to X kg, increasing by X% on the previous year's figure. Over the period under review, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tapered roller bearing exports rose to $X in 2022. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The Venezuela exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China was the key exporter of tapered roller bearings in the world, with the volume of exports accounting for X tons, which was approx. X% of total exports in 2022. Japan (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), Romania (X%), France (X%) and Austria (X%). South Korea (X tons), India (X tons), Poland (X tons), the United States (X tons), the Netherlands (X tons), Singapore (X tons) and Italy (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the tapered roller bearings exports, with a CAGR of X% from 2012 to 2022. At the same time, India (X%), Romania (X%), South Korea (X%), Singapore (X%), the Netherlands (X%), Poland (X%), Germany (X%) and Italy (X%) displayed positive paces of growth. Japan and France experienced a relatively flat trend pattern. By contrast, Austria (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.), India (X p.p.), Romania (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the global exports, while France, Austria, Japan and the United States saw its share reduced by 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, Germany ($X), China ($X) and the United States ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Japan, France, Romania, India, Austria, South Korea, Poland, Singapore, the Netherlands and Italy lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the export price in Venezuela amounted to $X per ton, remaining stable against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2013 an increase of X%. The Venezuela export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

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.

Tapered Roller Bearing Imports

Imports into Venezuela

In 2022, supplies from abroad of tapered roller bearings increased by X% to X tons, rising for the third year in a row after seven years of decline. In general, imports, however, recorded a sharp downturn. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Venezuela imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, tapered roller bearing imports reached $X in 2022. Overall, imports, however, faced a significant contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X tons) and the United States (X tons) represented roughly X% of total imports in 2022. It was distantly followed by China (X tons), Brazil (X tons), France (X tons) and Mexico (X tons), together mixing up a X% share of total imports. The following importers - Italy (X tons), Sweden (X tons), Turkey (X tons), Australia (X tons), India (X tons), Russia (X tons) and the Netherlands (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Australia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing importing markets into Venezuela were Germany ($X), the United States ($X) and China ($X), together accounting for X% of total imports. France, Mexico, Brazil, Italy, Australia, India, Sweden, Russia, Turkey and the Netherlands lagged somewhat behind, together accounting for a further X%.

Russia, with a CAGR of X%, saw the highest growth rate of 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 2022, the import price in Venezuela amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price, however, showed a drastic downturn. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the 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 China ($X per ton), while Brazil ($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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