Report Update Nov 1, 2024

Colombia - Balls, Needles and Rollers for Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Tools For Bearing Market 2024

Tools For Bearing Market Size in Colombia

In 2022, the Colombian tools for bearing market decreased by -0.7% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a slight reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tools For Bearing Exports

Exports from Colombia

In 2022, approx. X tons of balls, needles and rollers for ball or roller bearings were exported from Colombia; surging by 20% compared with the year before. Over the period under review, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 330% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, tools for bearing exports soared to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 112% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X tons), Mexico (X kg) and Brazil (X kg) were the main destinations of tools for bearing exports from Colombia, together comprising 80% 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 Brazil (with a CAGR of +51.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tools for bearing exported from Colombia were the United States ($X), Ecuador ($X) and Brazil ($X), together comprising 77% of total exports.

The United States, with a CAGR of +31.0%, saw the highest growth rate of the value of exports, among 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

The average tools for bearing export price stood at $X per ton in 2022, with an increase of 52% against the previous year. Over the period under review, the export price, however, saw a abrupt decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 62% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Mexico ($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 Trinidad and Tobago (+30.4%), while the prices for the other major destinations experienced a decline.

Tools For Bearing Imports

Imports into Colombia

In 2022, overseas purchases of balls, needles and rollers for ball or roller bearings decreased by -8.6% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a mild reduction. The pace of growth was the most pronounced in 2019 with an increase of 54%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, tools for bearing imports totaled $X in 2022. Over the period under review, imports showed a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 83% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), China (X tons) and the United States (X tons) were the main suppliers of tools for bearing imports to Colombia, with a combined 91% share of total imports. Belgium, India and Italy lagged somewhat behind, together comprising a further 6.8%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +6.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest tools for bearing suppliers to Colombia were China ($X), Taiwan (Chinese) ($X) and the United States ($X), together accounting for 62% of total imports. India, Belgium and Italy lagged somewhat behind, together comprising a further 14%.

Italy, with a CAGR of +6.6%, recorded the highest growth rate of the value of imports, among 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 2022, the average tools for bearing import price amounted to $X per ton, growing by 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 49% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for balls, needles and rollers for ball or roller bearings in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 46% of global consumption. These countries were followed by Japan, Russia, Indonesia, Brazil, France, Germany, Canada, South Korea, Saudi Arabia and Thailand, which together accounted for a further 35%.

What are the largest producers of balls, needles and rollers for ball or roller bearings in the world?

China remains the largest tools for bearing producing country worldwide, accounting for 30% of total volume. Moreover, tools for bearing production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with an 8.7% share.

What are the leading suppliers of balls, needles and rollers for ball or roller bearings to Colombia?

In value terms, Taiwan Chinese), the United States and China were the largest tools for bearing suppliers to Colombia, with a combined 54% share of total imports. India, Belgium, Japan and Italy lagged somewhat behind, together accounting for a further 19%.

What are the leading importers of balls, needles and rollers for ball or roller bearings from Colombia?

In value terms, the United States remains the key foreign market for tools for bearing exports from Colombia, comprising 58% of total exports. The second position in the ranking was occupied by Ecuador, with a 26% share of total exports. It was followed by Guatemala, with a 3.4% share.

What is the average export price for balls, needles and rollers for ball or roller bearings in Colombia?

The average tools for bearing export price stood at $5,667 per ton in 2021, shrinking by -46.1% against the previous year.

What is the average import price for balls, needles and rollers for ball or roller bearings in Colombia?

In 2021, the average tools for bearing import price amounted to $6,898 per ton, rising by 15% against the previous year.

This report provides an in-depth analysis of the tools for bearing market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28153130 - Balls, needles and rollers for ball or roller bearings

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023