Brazil: 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 Brazil

The Brazilian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings skyrocketed to $X in 2021, jumping by 21% against the previous year. In general, consumption continues to indicate a buoyant expansion. Bearing housing without ball bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Brazil

In value terms, bearing housing without ball bearing production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. Bearing housing without ball bearing production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports from Brazil

In 2021, shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep slump. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. In general, exports, however, recorded a abrupt slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), Argentina (X tons) and Germany (X tons) were the main destinations of bearing housing without ball bearing exports from Brazil, with a combined 60% share of total exports. These countries were followed by Austria, Italy, India, Mexico, Paraguay, China, Chile and the UK, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +22.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Brazil, comprising 29% of total exports. The second position in the ranking was held by Germany ($X), with a 10% share of total exports. It was followed by Argentina, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-7.1% per year) and Argentina (-3.4% per year).

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, declining by -30.1% against the previous year. In general, the export price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 47% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the 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 Chile ($X per ton), while the average price for exports to Argentina ($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 the United States (+12.0%), 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 Brazil

In 2021, bearing housing without ball bearing imports into Brazil skyrocketed to X tons, rising by 49% compared with the previous year. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. 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.

In value terms, bearing housing without ball bearing imports surged 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest bearing housing without ball bearing supplier to Brazil, accounting for a 46% share of total imports. Moreover, bearing housing without ball bearing imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold. The United States (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.9% per year) and the United States (+2.6% per year).

In value terms, the United States ($X), Germany ($X) and China ($X) appeared to be the largest bearing housing without ball bearing suppliers to Brazil, together comprising 54% of total imports. Italy, Japan, France, South Korea, India, Mexico, Sweden, Taiwan (Chinese) and Argentina lagged somewhat behind, together comprising a further 32%.

India, with a CAGR of +23.1%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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, waning by -7% against the previous year. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2018 when the average import price increased by 3.7%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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