Report Update Nov 1, 2024

Ecuador - Spherical Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: Spherical Roller Bearing Market 2024

Spherical Roller Bearing Market Size in Ecuador

In 2021, the Ecuadorian spherical roller bearing market decreased by -32.6% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption continues to indicate a deep slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Spherical Roller Bearing Exports

Exports from Ecuador

In 2021, shipments abroad of spherical roller bearings decreased by -30.4% to X kg, falling for the third consecutive year after two years of growth. Overall, exports, however, showed a tangible increase. The most prominent rate of growth was recorded in 2015 with an increase of 1,001%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, spherical roller bearing exports dropped significantly to $X in 2021. In general, exports, however, posted a measured expansion. The growth pace was the most rapid in 2015 with an increase of 1,374% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X kg), Sudan (X kg) and Canada (X kg) were the main destinations of spherical roller bearing exports from Ecuador, with a combined 80% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +39.5%), while the other leaders experienced more modest paces of growth.

In value terms, Sudan ($X) remains the key foreign market for spherical roller bearings exports from Ecuador, comprising 68% of total exports. The second position in the ranking was taken by Belgium ($X), with an 18% share of total exports. It was followed by Canada, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sudan totaled +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+19.0% per year) and Canada (+41.9% per year).

Export Prices by Country

In 2021, the average spherical roller bearing export price amounted to $X per ton, remaining constant against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 49%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Sudan ($X per ton), while the average price for exports to Colombia ($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 Sudan (+15.0%), while the prices for the other major destinations experienced mixed trend patterns.

Spherical Roller Bearing Imports

Imports into Ecuador

In 2021, supplies from abroad of spherical roller bearings decreased by -38% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 with an increase of 87% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, spherical roller bearing imports dropped markedly to $X in 2021. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2016 when imports increased by 150%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Sweden (X tons) and Australia (X tons) were the main suppliers of spherical roller bearing imports to Ecuador, together accounting for 53% of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +28.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing suppliers to Ecuador were Sweden ($X), China ($X) and Germany ($X), together accounting for 52% of total imports. The UK, the United States, Australia, Japan, Panama and Romania lagged somewhat behind, together accounting for a further 37%.

In terms of the main suppliers, Australia, with a CAGR of +24.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, picking up by 12% against the previous year. Overall, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2016 an increase of 34%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for spherical roller bearings in the world?

China remains the largest spherical roller bearing consuming country worldwide, comprising approx. 24% of total volume. Moreover, spherical roller bearing consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.1% share.

What are the largest producers of spherical roller bearings in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, with a combined 41% share of global production. Sweden, Germany, India, Romania, South Africa, Russia, France, Malaysia and the UK lagged somewhat behind, together comprising a further 45%.

What are the leading suppliers of spherical roller bearings to Ecuador?

In value terms, Sweden, China and Germany constituted the largest spherical roller bearing suppliers to Ecuador, together accounting for 58% of total imports. The UK, the United States, Japan and Spain lagged somewhat behind, together comprising a further 33%.

What are the leading importers of spherical roller bearings from Ecuador?

In value terms, the United States $44) remains the key foreign market for spherical roller bearing exports from Ecuador.

What is the average export price for spherical roller bearings in Ecuador?

In 2021, the average spherical roller bearing export price amounted to $14,667 per ton, shrinking by -59.2% against the previous year.

What is the average import price for spherical roller bearings in Ecuador?

In 2021, the average spherical roller bearing import price amounted to $20,655 per ton, picking up by 3.9% against the previous year.

This report provides an in-depth analysis of the spherical roller bearing market in Ecuador. 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 28151055 - Spherical roller bearings

Country coverage:

Ecuador

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ecuador
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