Chile: 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 Chile

After two years of decline, the Chilean market for bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 14% to $X in 2021. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

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

Exports from Chile

For the third year in a row, Chile recorded decline in shipments abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, which decreased by -36.8% to X tons in 2021. In general, exports recorded a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of 76% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports shrank sharply to $X in 2021. Overall, exports saw a pronounced decrease. The growth pace was the most rapid in 2018 when exports increased by 78% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Peru (X tons) was the main destination for bearing housing without ball bearing exports from Chile, with a 39% share of total exports. Moreover, bearing housing without ball bearing exports to Peru exceeded the volume sent to the second major destination, Argentina (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Peru totaled -5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-2.8% per year) and the United States (+4.8% per year).

In value terms, Peru ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Chile, comprising 39% of total exports. The second position in the ranking was held by Argentina ($X), with a 12% share of total exports. It was followed by the United States, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Peru amounted to -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-0.3% per year) and the United States (+7.5% 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, rising by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Indonesia ($X per ton) and South Africa ($X per ton), while the average price for exports to Finland ($X per ton) and Peru ($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 Indonesia (+15.5%), 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 Chile

In 2021, purchases 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, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 31% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of bearing housing without ball bearing to Chile, accounting for a 34% share of total imports. Moreover, bearing housing without ball bearing imports from the United States exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled -1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+2.3% per year) and Germany (-1.2% per year).

In value terms, the United States ($X) constituted the largest supplier of bearing housings not incorporating ball or roller bearings, plain shaft bearings to Chile, comprising 31% of total imports. The second position in the ranking was taken by Sweden ($X), with an 11% share of total imports. It was followed by Germany, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+2.6% per year) and Germany (-1.0% per year).

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, picking up by 13% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and the United States ($X per ton), while the price for Italy ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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