Brazil: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Brazil

The Brazilian market for bearing housings incorporating ball or roller bearings reduced modestly to $X in 2022, remaining stable against the previous year. In general, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -2.4% against 2019 indices. Bearing housing with ball bearing consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Brazil

In value terms, bearing housing with ball bearing production shrank to $X in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.9% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 27% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Brazil

In 2022, shipments abroad of bearing housings incorporating ball or roller bearings increased by 5.6% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +48.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 41%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, bearing housing with ball bearing exports rose remarkably to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons), Argentina (X tons) and South Africa (X tons) were the main destinations of bearing housing with ball bearing exports from Brazil, together accounting for 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bearing housing with ball bearing exported from Brazil were the United States ($X), Argentina ($X) and South Africa ($X), with a combined 89% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +12.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, increasing by 8.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 12% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Brazil

Bearing housing with ball bearing imports into Brazil skyrocketed to X tons in 2022, jumping by 21% against 2021. In general, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.2% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by 52% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, bearing housing with ball bearing imports stood at $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.1% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 30% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of bearing housing with ball bearing to Brazil, accounting for a 43% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+23.2% per year) and the United States (+0.7% per year).

In value terms, the United States ($X), China ($X) and Italy ($X) constituted the largest bearing housing with ball bearing suppliers to Brazil, with a combined 57% share of total imports. Germany, Japan, Slovakia, India and Sweden lagged somewhat behind, together accounting for a further 24%.

In terms of the main suppliers, India, with a CAGR of +43.7%, 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

The average import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, with a decrease of -5.8% against the previous year. Overall, the import price saw a slight decline. The pace of growth appeared the most rapid in 2020 when the average import price increased by 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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