Argentina: Needle Roller Bearing Market 2024

Needle Roller Bearing Market Size in Argentina

The Argentinian needle roller bearing market reduced to $X in 2021, which is down by -12.4% 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). Overall, consumption continues to indicate a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Needle Roller Bearing Exports

Exports from Argentina

In 2021, shipments abroad of needle roller bearings decreased by -22.8% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 when exports increased by 78% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, needle roller bearing exports dropped dramatically to $X in 2021. In general, exports saw a deep slump. The growth pace was the most rapid in 2017 with an increase of 64%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for needle roller bearing exports from Argentina, with a 79% share of total exports. Moreover, needle roller bearing exports to Brazil exceeded the volume sent to the second major destination, the United States (X kg), eightfold. The third position in this ranking was held by Uruguay (X kg), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brazil amounted to -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+12.3% per year) and Uruguay (-12.8% per year).

In value terms, Brazil ($X) remains the key foreign market for needle roller bearing exports from Argentina, comprising 66% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Paraguay, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brazil totaled -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+21.7% per year) and Paraguay (-10.3% per year).

Export Prices by Country

The average needle roller bearing export price stood at $X per ton in 2021, declining by -35.4% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the average export price increased by 69% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then declined sharply in the following year.

Prices varied noticeably country of destination: the country with the highest price was Paraguay ($X per ton), while the average price for exports to Brazil ($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 Venezuela (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Needle Roller Bearing Imports

Imports into Argentina

In 2021, the amount of needle roller bearings imported into Argentina contracted to X tons, falling by -14.2% on 2020 figures. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, needle roller bearing imports reduced to $X in 2021. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 13%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Slovakia (X tons), China (X tons) and Brazil (X tons) were the main suppliers of needle roller bearing imports to Argentina, together comprising 74% of total imports. Germany, South Korea, Japan and France lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +62.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest needle roller bearing suppliers to Argentina were Slovakia ($X), China ($X) and Brazil ($X), together accounting for 62% of total imports. Germany, Japan, South Korea and France lagged somewhat behind, together accounting for a further 25%.

South Korea, with a CAGR of +48.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average needle roller bearing import price amounted to $X per ton, picking up by 2.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 29% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :