Chile: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Chile

In 2021, the Chilean tapered roller bearing market decreased by -5.5% to $X, falling for the third consecutive year after three years of growth. The market value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Tapered roller bearing consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Tapered Roller Bearing Exports

Exports from Chile

In 2021, shipments abroad of tapered roller bearings decreased by -67.8% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 147% against the previous year. As a result, the exports attained the peak of X tons, and then contracted significantly in the following year.

In value terms, tapered roller bearing exports declined dramatically to $X in 2021. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 165% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons), Peru (X tons) and South Africa (X tons) were the main destinations of tapered roller bearing exports from Chile, with a combined 80% share of total exports. The United States, Brazil, Mali and the Netherlands lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2021, the biggest increases were recorded for Mali (with a CAGR of +636.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tapered roller bearing exported from Chile were Argentina ($X), Peru ($X) and South Africa ($X), together accounting for 80% of total exports. These countries were followed by the United States, Brazil, Mali and the Netherlands, which together accounted for a further 16%.

Mali, with a CAGR of +642.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average tapered roller bearing export price amounted to $X per ton, rising by 2.9% against the previous year. Over the period under review, the export price, however, showed a perceptible decrease. The pace of growth was the most pronounced in 2020 an increase of 7.4%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, the highest price was recorded for prices to Brazil ($X per ton) and Mali ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Peru ($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 Mali (+0.7%), while the prices for the other major destinations experienced a decline.

Tapered Roller Bearing Imports

Imports into Chile

In 2021, supplies from abroad of tapered roller bearings decreased by -5.8% to X tons, falling for the third consecutive year after five years of growth. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -26.1% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 18%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, tapered roller bearing imports contracted to $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) constituted the largest tapered roller bearing supplier to Chile, with a 45% share of total imports. Moreover, tapered roller bearing imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The third position in this ranking was held by Romania (X tons), with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.2% per year) and Romania (+7.4% per year).

In value terms, the United States ($X) constituted the largest supplier of tapered roller bearings to Chile, comprising 45% of total imports. The second position in the ranking was held by China ($X), with an 8.8% share of total imports. It was followed by Romania, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+9.1% per year) and Romania (+4.5% per year).

Import Prices by Country

In 2021, the average tapered roller bearing import price amounted to $X per ton, reducing by -2% against the previous year. In general, the import price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 an increase of 6.4%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from the United States ($X per ton) and Romania ($X per ton), while the price for China ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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