MERCOSUR: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in MERCOSUR

The MERCOSUR cylindrical roller bearing market skyrocketed to $X in 2022, increasing by 23% against the previous year. Over the period under review, consumption saw a remarkable increase. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Cylindrical Roller Bearing Production in MERCOSUR

In value terms, cylindrical roller bearing production amounted to $X in 2022 estimated in export price. Overall, production showed a resilient expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 52%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports in MERCOSUR

In 2022, overseas shipments of cylindrical roller bearings increased by 21% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports enjoyed notable growth. The pace of growth appeared the most rapid in 2019 with an increase of 96%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cylindrical roller bearing exports rose notably to $X in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 82%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, reaching X tons, which was near 89% of total exports in 2022. The following exporters - Chile (X tons) and Argentina (X tons) - each reached a 7.3% share of total exports.

Brazil was also the fastest-growing in terms of the cylindrical roller bearings exports, with a CAGR of +3.9% from 2012 to 2022. At the same time, Chile (+3.1%) displayed positive paces of growth. Argentina experienced a relatively flat trend pattern. From 2012 to 2022, the share of Argentina decreased by -1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest cylindrical roller bearing supplier in MERCOSUR, comprising 94% of total exports. The second position in the ranking was taken by Chile ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +10.0%. In the other countries, the average annual rates were as follows: Chile (+3.1% per year) and Argentina (-5.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, falling by -6.3% against the previous year. Export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cylindrical roller bearing export price decreased by -13.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the export price increased by 57% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Argentina ($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 (+5.8%), while the other leaders experienced a decline in the export price figures.

Cylindrical Roller Bearing Imports

Imports in MERCOSUR

Cylindrical roller bearing imports skyrocketed to X tons in 2022, jumping by 38% compared with the previous year's figure. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.9% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cylindrical roller bearing imports skyrocketed to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil prevails in imports structure, resulting at X tons, which was approx. 73% of total imports in 2022. It was distantly followed by Chile (X tons), Argentina (X tons) and Peru (X tons), together achieving an 18% share of total imports. Colombia (X tons) and Paraguay (X tons) held a minor share of total imports.

Brazil was also the fastest-growing in terms of the cylindrical roller bearings imports, with a CAGR of +4.6% from 2012 to 2022. At the same time, Chile (+4.3%), Paraguay (+3.9%) and Peru (+3.4%) displayed positive paces of growth. Argentina experienced a relatively flat trend pattern. By contrast, Colombia (-2.2%) illustrated a downward trend over the same period. Brazil (+7.6 p.p.) significantly strengthened its position in terms of the total imports, while Argentina and Colombia saw its share reduced by -2.2% and -2.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported cylindrical roller bearings in MERCOSUR, comprising 73% of total imports. The second position in the ranking was taken by Chile ($X), with a 7.5% share of total imports. It was followed by Argentina, with a 6.3% share.

In Brazil, cylindrical roller bearing imports increased at an average annual rate of +4.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+2.4% per year) and Argentina (-1.6% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, reducing by -10.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 7.1%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the import prices failed to regain momentum.

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 Colombia ($X per ton), while Paraguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform