Ecuador: Tapered Roller Bearing Market 2025

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

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