Colombia: 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 Colombia

The Colombian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings surged to $X in 2021, increasing by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

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

Exports from Colombia

In 2021, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings exported from Colombia dropped markedly to X tons, reducing by -28.4% against the year before. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of 73%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports dropped markedly to $X in 2021. Over the period under review, exports recorded a mild decrease. The pace of growth was the most pronounced in 2019 with an increase of 48% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Ecuador (X tons) and Venezuela (X tons) were the main destinations of bearing housing without ball bearing exports from Colombia, with a combined 87% share of total exports. These countries were followed by Mexico and the Dominican Republic, which together accounted for a further 3.1%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +26.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X) remains the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Colombia, comprising 58% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 21% share of total exports. It was followed by Mexico, with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (-3.7% per year) and Mexico (+11.9% per year).

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, remaining constant against the previous year. In general, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 61% against the previous year. The export price peaked at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Venezuela ($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 Dominican Republic (+9.5%), 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 Colombia

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were imported into Colombia; with an increase of 17% compared with 2020. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 20% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. In general, imports, however, saw a slight setback. The growth pace was the most rapid in 2017 with an increase of 39% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United States (X tons) and Japan (X tons) were the main suppliers of bearing housing without ball bearing imports to Colombia, together accounting for 68% of total imports. Brazil, Mexico, Turkey, India, Germany, South Korea, Taiwan (Chinese), Sweden and Italy lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of bearing housings not incorporating ball or roller bearings, plain shaft bearings to Colombia, comprising 33% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States amounted to -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.0% per year) and China (+9.7% 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, stabilizing at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 16%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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