Latin America and the Caribbean: 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 Latin America and the Caribbean

The Latin American market for bearing housings not incorporating ball or roller bearings, plain shaft bearings surged to $X in 2021, increasing by 21% against the previous year. Over the period under review, consumption recorded a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Latin America and the Caribbean

In value terms, bearing housing without ball bearing production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of 57% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

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

Exports in Latin America and the Caribbean

In 2021, overseas shipments of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 88% to X tons, rising for the fourth year in a row after five years of decline. In general, exports, however, continue to indicate a pronounced decline. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a perceptible shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico represented the major exporting country with an export of about X tons, which resulted at 71% of total exports. It was distantly followed by Brazil (X tons), making up a 27% share of total exports.

Mexico was also the fastest-growing in terms of the bearing housings not incorporating ball or roller bearings, plain shaft bearings exports, with a CAGR of +5.3% from 2012 to 2021. Brazil (-13.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico increased by +42 percentage points.

In value terms, Mexico ($X) remains the largest bearing housing without ball bearing supplier in Latin America and the Caribbean, comprising 69% of total exports. The second position in the ranking was taken by Brazil ($X), with a 28% share of total exports.

In Mexico, bearing housing without ball bearing exports increased at an average annual rate of +1.9% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, with a decrease of -37.2% against the previous year. In general, the export price, however, saw a noticeable increase. The most prominent rate of growth was recorded in 2017 an increase of 27% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.6%).

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

Imports in Latin America and the Caribbean

In 2021, overseas purchases of bearing housings not incorporating ball or roller bearings, plain shaft bearings increased by 2.5% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports recorded slight growth. The growth pace was the most rapid in 2014 when imports increased by 48% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, bearing housing without ball bearing imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable 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 represented the largest importing country with an import of around X tons, which accounted for 72% of total imports. It was distantly followed by Brazil (X tons), mixing up a 15% share of total imports. Peru (X tons), Argentina (X tons), Chile (X tons) and Colombia (X tons) followed a long way behind the leaders.

Imports into Mexico increased at an average annual rate of +1.6% from 2012 to 2021. At the same time, Brazil (+5.2%) and Peru (+4.9%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +5.2% from 2012-2021. Colombia and Chile experienced a relatively flat trend pattern. By contrast, Argentina (-2.6%) illustrated a downward trend over the same period. Brazil (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Mexico saw its share reduced by -1.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported bearing housings not incorporating ball or roller bearings, plain shaft bearings in Latin America and the Caribbean, comprising 56% of total imports. The second position in the ranking was held by Brazil ($X), with a 16% share of total imports. It was followed by Peru, with a 6.1% share.

In Mexico, bearing housing without ball bearing imports increased at an average annual rate of +3.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (+1.8% per year) and Peru (+4.7% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, growing by 30% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per ton), while Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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