Bolivia: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Bolivia

The Bolivian cylindrical roller bearing market was finally on the rise to reach $X in 2022, after two years of decline. Overall, the total consumption indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, 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.

Cylindrical Roller Bearing Exports

Exports from Bolivia

Cylindrical roller bearing exports from Bolivia surged to X kg in 2022, jumping by 641% against the year before. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, cylindrical roller bearing exports soared to $X in 2022. In general, exports, however, saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 208%. The Bolivia exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), China (X tons) and Japan (X tons) represented roughly 53% of total exports in 2022. Romania (X tons) ranks next in terms of the total exports with a 7.7% share, followed by Slovakia (5.6%). Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2019 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +79.0%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Bolivia, comprising 27% of global exports. The second position in the ranking was taken by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

From 2019 to 2022, the average annual rate of growth in terms of value in Germany stood at -3.3%. In the other countries, the average annual rates were as follows: Japan (+0.1% per year) and China (+6.8% per year).

Export Prices by Country

The export price in Bolivia stood at $X per ton in 2022, dropping by -80.3% against the previous year. Overall, the export price continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 when the export price increased by 99%. The Bolivia export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+18.6%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Bolivia

Cylindrical roller bearing imports into Bolivia soared to X tons in 2022, surging by 85% compared with 2021. Over the period under review, imports showed a perceptible increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cylindrical roller bearing imports surged to $X in 2022. In general, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Russia (X tons) and Germany (X tons) represented roughly 42% of total imports in 2022. It was distantly followed by the United States (X tons), committing a 5.7% share of total imports. The following importers - Spain (X tons), Mexico (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons) and the Czech Republic (X tons) - together made up 23% 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 Thailand (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cylindrical roller bearing importing markets into Bolivia were China ($X), Germany ($X) and the United States ($X), together comprising 43% of total imports. Mexico, Italy, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together comprising a further 23%.

Spain, with a CAGR of +13.7%, recorded 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.

Import Prices by Country

In 2022, the import price in Bolivia amounted to $X per ton, declining by -13% against the previous year. Over the period under review, the import price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 when the import price increased by 60% against the previous year. Bolivia import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform