Brazil: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Brazil

After three years of decline, the Brazilian tapered roller bearing market increased by 43% to $X in 2021. Over the period under review, consumption, however, saw a slight decrease. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Tapered Roller Bearing Production in Brazil

In value terms, tapered roller bearing production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Tapered Roller Bearing Exports

Exports from Brazil

In 2021, after six years of decline, there was growth in shipments abroad of tapered roller bearings, when their volume increased by 2.7% to X tons. Over the period under review, exports, however, saw a deep downturn. The growth pace was the most rapid in 2014 when exports increased by 11%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, tapered roller bearing exports rose to $X in 2021. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 6.2%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Argentina (X tons), Germany (X tons) and the United States (X tons) were the main destinations of tapered roller bearing exports from Brazil, with a combined 58% share of total exports. Bolivia, Colombia, Paraguay and Peru lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Colombia (with a CAGR of +8.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tapered roller bearing exported from Brazil were Argentina ($X), Germany ($X) and the United States ($X), with a combined 54% share of total exports. Colombia, Paraguay, Bolivia and Peru lagged somewhat behind, together accounting for a further 25%.

Among the main countries of destination, Colombia, with a CAGR of +5.3%, 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 a decline.

Export Prices by Country

The average tapered roller bearing export price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period under review, the export price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 15%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the highest price was recorded for prices to the United States ($X per ton) and Peru ($X per ton), while the average price for exports to Bolivia ($X per ton) and Colombia ($X per ton) were 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 (+1.0%), while the prices for the other major destinations experienced a decline.

Tapered Roller Bearing Imports

Imports into Brazil

Tapered roller bearing imports into Brazil soared to X tons in 2021, with an increase of 69% against the year before. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. 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, tapered roller bearing imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a modest expansion from 2012 to 2021: its value 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. 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 supplier of tapered roller bearing to Brazil, with a 60% share of total imports. Moreover, tapered roller bearing imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), ninefold. The third position in this ranking was taken by India (X tons), with a 6.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.4% per year) and India (+4.9% per year).

In value terms, China ($X) constituted the largest supplier of tapered roller bearings to Brazil, comprising 34% of total imports. The second position in the ranking was taken by the United States ($X), with a 17% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.9% per year) and Germany (+2.1% per year).

Import Prices by Country

In 2021, the average tapered roller bearing import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price showed a pronounced contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 1.5% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 Hong Kong SAR (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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