Latin America and the Caribbean: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2025

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Latin America and the Caribbean

The Latin American market for bearing housings incorporating ball or roller bearings stood at $X in 2022, rising by 2.3% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -3.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Bearing Housings Incorporating Ball Or Roller Bearings in Latin America and the Caribbean

In value terms, bearing housing with ball bearing production reached $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 40%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in overseas shipments of bearing housings incorporating ball or roller bearings, which increased by 30% to X tons in 2022. Over the period under review, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 50%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, bearing housing with ball bearing exports reached $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.3% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 66%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Mexico represented the major exporter of bearing housings incorporating ball or roller bearings in Latin America and the Caribbean, with the volume of exports resulting at X tons, which was approx. 74% of total exports in 2022. It was distantly followed by Brazil (X tons), mixing up a 23% share of total exports. Panama (X tons) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the bearing housings incorporating ball or roller bearings exports, with a CAGR of +7.8% from 2012 to 2022. At the same time, Brazil (+5.2%) displayed positive paces of growth. By contrast, Panama (-2.6%) illustrated a downward trend over the same period. While the share of Mexico (+6.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Panama (-2.4 p.p.) and Brazil (-3.7 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest bearing housing with ball bearing supplier in Latin America and the Caribbean, comprising 68% of total exports. The second position in the ranking was held by Brazil ($X), with a 29% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at +5.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+5.1% per year) and Panama (-4.4% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, with a decrease of -15.1% against the previous year. Overall, the export price showed a mild slump. The most prominent rate of growth was recorded in 2014 when the export price increased by 16%. Over the period under review, the export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Panama ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of bearing housings incorporating ball or roller bearings increased by 12% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 31%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, bearing housing with ball bearing imports surged to $X in 2022. The total import value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico prevails in imports structure, amounting to X tons, which was approx. 60% of total imports in 2022. Brazil (X tons) took the second position in the ranking, followed by Argentina (X tons). All these countries together held approx. 16% share of total imports. The following importers - Colombia (X tons), Peru (X tons), Chile (X tons), Guatemala (X tons) and Ecuador (X tons) - together made up 17% of total imports.

From 2012 to 2022, average annual rates of growth with regard to bearing housing with ball bearing imports into Mexico stood at +5.5%. At the same time, Guatemala (+7.6%), Brazil (+6.3%), Argentina (+3.1%), Chile (+2.8%), Colombia (+2.5%), Ecuador (+2.3%) and Peru (+1.8%) displayed positive paces of growth. Moreover, Guatemala emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +7.6% from 2012-2022. While the share of Mexico (+9.7 p.p.) and Brazil (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported bearing housings incorporating ball or roller bearings in Latin America and the Caribbean, comprising 58% of total imports. The second position in the ranking was taken by Brazil ($X), with a 12% share of total imports. It was followed by Argentina, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +5.4%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+5.0% per year) and Argentina (+2.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, surging by 3.5% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 6.8% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (-0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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