Report Update Nov 1, 2024

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

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Ecuador: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Ecuador

In 2021, after three years of decline, there was significant growth in the Ecuadorian tapered roller bearing market, when its value increased by 68% to $X. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Tapered Roller Bearing Exports

Exports from Ecuador

In 2021, overseas shipments of tapered roller bearings decreased by -61.5% to X kg, falling for the second year in a row after two years of growth. Over the period under review, exports showed a deep reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 142% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, tapered roller bearing exports dropped remarkably to $X in 2021. In general, exports continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 129%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg), Colombia (X kg) and Canada (X kg) were the main destinations of tapered roller bearing exports from Ecuador, together comprising 78% of total exports. El Salvador, Brazil and Peru lagged somewhat behind, together comprising a further 21%.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +28.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), the United States ($X) and El Salvador ($X) were the largest markets for tapered roller bearing exported from Ecuador worldwide, with a combined 86% share of total exports. Colombia, Brazil and Peru lagged somewhat behind, together comprising a further 13%.

Peru, with a CAGR of +28.5%, 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

In 2021, the average tapered roller bearing export price amounted to $X per ton, surging by 105% against the previous year. Over the period under review, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 140% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Colombia ($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 Canada (+103.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tapered Roller Bearing Imports

Imports into Ecuador

After three years of decline, supplies from abroad of tapered roller bearings increased by 60% to X tons in 2021. Over the period under review, imports, however, showed a mild setback. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tapered roller bearing imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 81%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of tapered roller bearing imports to Ecuador, with a combined 78% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +52.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest tapered roller bearing suppliers to Ecuador were Japan ($X), China ($X) and the United States ($X), together accounting for 77% of total imports. Germany, Spain, India, the United Arab Emirates, South Korea, Hong Kong SAR and Panama lagged somewhat behind, together accounting for a further 14%.

The United Arab Emirates, with a CAGR of +46.3%, 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 tapered roller bearing import price amounted to $X per ton, increasing by 5.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2016 an increase of 14%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Panama ($X per ton), while the price for Hong Kong SAR ($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 United Arab Emirates (+18.7%), 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 tapered roller bearings in the world?

The country with the largest volume of tapered roller bearing consumption was South Africa, accounting for 42% of total volume. Moreover, tapered roller bearing consumption in South Africa exceeded the figures recorded by the second-largest consumer, China, threefold. The third position in this ranking was occupied by the United States, with an 8.5% share.

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

The country with the largest volume of tapered roller bearing production was China, comprising approx. 31% of total volume. Moreover, tapered roller bearing production in China exceeded the figures recorded by the second-largest producer, Japan, threefold. India ranked third in terms of total production with an 11% share.

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

In value terms, Japan, China and the United States were the largest tapered roller bearing suppliers to Ecuador, with a combined 79% share of total imports.

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

In value terms, Canada, the United States and El Salvador constituted the largest markets for tapered roller bearing exported from Ecuador worldwide, with a combined 86% share of total exports. Colombia, Brazil and Peru lagged somewhat behind, together accounting for a further 13%.

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

In 2021, the average tapered roller bearing export price amounted to $41,644 per ton, growing by 143% against the previous year.

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

In 2021, the average tapered roller bearing import price amounted to $18,178 per ton, surging by 4.8% against the previous year.

This report provides an in-depth analysis of the tapered 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 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)

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