Argentina: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2024

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Argentina

The Argentinian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings soared to $X in 2021, jumping by 57% 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). The market value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Argentina

In 2021, bearing housing without ball bearing exports from Argentina fell dramatically to X tons, shrinking by -15.6% on the year before. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, bearing housing without ball bearing exports shrank to $X in 2021. Overall, exports faced a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 1.2%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons), Chile (X tons) and Bolivia (X tons) were the main destinations of bearing housing without ball bearing exports from Argentina, with a combined 59% share of total exports. The United States, Paraguay, Uruguay, Belgium, Mexico, Colombia and Germany lagged somewhat behind, together comprising a further 36%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +10.3%), while shipments for the other leaders experienced a decline.

In value terms, Brazil ($X), the United States ($X) and Chile ($X) were the largest markets for bearing housing without ball bearing exported from Argentina worldwide, together comprising 62% of total exports.

The United States, with a CAGR of +4.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, growing by 1.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 41%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Argentina

After two years of decline, purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 61% to X tons in 2021. Overall, imports, however, saw a noticeable reduction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, bearing housing without ball bearing imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest bearing housing without ball bearing supplier to Argentina, with a 34% share of total imports. Moreover, bearing housing without ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), twofold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-14.1% per year) and the United States (+2.5% per year).

In value terms, the United States ($X), Brazil ($X) and China ($X) constituted the largest bearing housing without ball bearing suppliers to Argentina, together accounting for 45% of total imports. Germany, Japan, Italy, Thailand, Mexico, Sweden, Poland, Spain and India lagged somewhat behind, together accounting for a further 36%.

In terms of the main suppliers, India, with a CAGR of +32.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, dropping by -7.6% against the previous year. In general, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bearing housing without ball bearing import price decreased by -23.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :