Ecuador: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2025

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Ecuador

The Ecuadorian market for bearing housings not incorporating ball or roller bearings, plain shaft bearings soared to $X in 2021, with an increase of 169% 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, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -14.7% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

Exports from Ecuador

In 2021, approx. X tons of bearing housings not incorporating ball or roller bearings, plain shaft bearings were exported from Ecuador; growing by 26% on 2020 figures. Overall, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 452%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, bearing housing without ball bearing exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant increase. The growth pace was the most rapid in 2020 with an increase of 792% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Colombia (X tons) and Canada (X kg) were the main destinations of bearing housing without ball bearing exports from Ecuador, with a combined 91% share of total exports. Peru lagged somewhat behind, accounting for a further 5.6%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +90.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), the United States ($X) and Canada ($X) appeared to be the largest markets for bearing housing without ball bearing exported from Ecuador worldwide, with a combined 89% share of total exports.

The United States, with a CAGR of +99.8%, recorded the highest rates of growth with regard to 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 export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings stood at $X per ton in 2021, dropping by -4.4% against the previous year. In general, the export price, however, showed strong growth. The pace of growth appeared the most rapid in 2020 an increase of 61%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States ($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 United States (+18.8%), 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 Ecuador

In 2021, overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, bearing housing without ball bearing imports surged to $X in 2021. Over the period under review, total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.5% 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 -16.1% against 2019 indices. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of bearing housing without ball bearing to Ecuador, accounting for a 36% share of total imports. Moreover, bearing housing without ball bearing imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.7% per year) and the United States (-9.8% per year).

In value terms, the United States ($X), Japan ($X) and China ($X) appeared to be the largest bearing housing without ball bearing suppliers to Ecuador, together accounting for 55% of total imports. Singapore, Germany, Brazil, South Korea, Sweden, Taiwan (Chinese), India and Colombia lagged somewhat behind, together accounting for a further 26%.

India, with a CAGR of +39.7%, recorded the highest growth rate of the value of imports, in terms of 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 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, waning by -21% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 31% against the previous year. The import price peaked at $X per ton in 2020, and then plummeted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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