Mexico - Cylindrical Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMexican Imports of Cylindrical Roller Bearings Soar to $12M in October 2023
Mexico Cylindrical Roller Bearing Imports
In October 2023, purchases abroad of cylindrical roller bearings increased by 23% to 865 tons, rising for the fourth consecutive month after three months of decline. Over the period under review, total imports indicated a modest increase from October 2022 to October 2023: its volume increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, imports increased by +90.9% against June 2023 indices. The most prominent rate of growth was recorded in February 2023 when imports increased by 64% against the previous month.
In value terms, cylindrical roller bearing imports rose remarkably to $12M (IndexBox estimates) in October 2023. In general, imports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in February 2023 when imports increased by 20% against the previous month.
| COUNTRY | Import Value of Cylindrical Roller Bearing in Mexico (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| United States | 7.0 | 4.7 | 4.1 | 3.8 | 4.1 | 4.3 | 3.6 | 4.1 | 4.3 | 3.6 | 4.1 | 4.1 | 4.6 |
| China | 2.2 | 1.7 | 2.3 | 1.1 | 2.3 | 2.3 | 1.6 | 2.4 | 2.6 | 1.7 | 2.2 | 2.8 | 2.0 |
| Germany | 1.4 | 1.6 | 1.6 | 2.1 | 1.4 | 2.2 | 1.7 | 1.5 | 1.6 | 2.0 | 1.6 | 1.6 | 1.5 |
| South Korea | 0.2 | 0.4 | 0.4 | 0.2 | 0.3 | 0.3 | 0.1 | 0.3 | 0.1 | 0.2 | 0.3 | 0.2 | 0.3 |
| Others | 2.6 | 3.2 | 2.8 | 1.9 | 2.8 | 3.4 | 2.8 | 2.1 | 2.9 | 2.3 | 3.1 | 2.4 | 3.2 |
| Total | 13.4 | 11.5 | 11.3 | 9.1 | 10.9 | 12.4 | 9.9 | 10.4 | 11.6 | 9.8 | 11.4 | 11.1 | 11.7 |
Imports by Country
In October 2023, the United States (212 tons) and China (502 tons) were the main importers of cylindrical roller bearingsaround the world, together accounting for approximately 17% of total imports. It was followed by Germany (39,479 kg), constituting a 1% share of total imports. South Korea (19,798 kg) followed a long way behind the leaders.
From October 2022 to October 2023, cylindrical roller bearing imports into expanded with a China of +1.6%, while the United States (+1.0%) experienced a slight expansion unchanged over the same period. At the same time, South Korea (+1.9%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in the world, with a CAGR of +1.9% from October 2022-October 2023. By contrast, Germany (-3.3%) illustrated a downward trend over the same period. While the share of China (+9.2 p.p.) and the United States (+3.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($4.6M) constitutes the largest market for imported cylindrical roller bearings into Mexico, comprising 3.4% of global imports. The second position in the ranking was taken by China ($2M), with a 1.5% share of global imports. It was followed by Germany, with a 1.1% share.
From October 2022 to October 2023, the average monthly growth rate of value in the United States amounted to -3.4%. The remaining importing countries recorded the following average monthly rates of imports growth: China (-0.6% per month) and Germany (+0.6% per month).
Import Prices by Country
In October 2023, the cylindrical roller bearing price amounted to $13,466 per ton (CIF, Mexico), reducing by -14.2% against the previous month. In general, the import price showed a noticeable slump. The pace of growth was the most pronounced in June 2023 an increase of 54% m-o-m. As a result, import price attained the peak level of $25,599 per ton. From July 2023 to October 2023, the import prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($38,012 per ton), while China ($4,056 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the other leaders experienced a decline in the import price figures.
This report provides an in-depth analysis of the cylindrical roller bearing market in Mexico. 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 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
