MERCOSUR: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in MERCOSUR

In 2021, after three years of decline, there was significant growth in the MERCOSUR tapered roller bearing market, when its value increased by 37% to $X. Over the period under review, consumption, however, recorded a mild reduction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Tapered Roller Bearing Production in MERCOSUR

In value terms, tapered roller bearing production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2014 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Tapered Roller Bearing Exports

Exports in MERCOSUR

In 2021, overseas shipments of tapered roller bearings decreased by -2.8% to X tons, falling for the seventh consecutive year after three years of growth. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 10% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tapered roller bearing exports fell modestly to $X in 2021. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2014 with an increase of 5.1%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, reaching X tons, which was near 91% of total exports in 2021. It was distantly followed by Argentina (X tons), constituting a 5.3% share of total exports. Peru (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to tapered roller bearing exports from Brazil stood at -10.6%. At the same time, Peru (+10.3%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +10.3% from 2012-2021. By contrast, Argentina (-1.3%) illustrated a downward trend over the same period. While the share of Argentina (+3 p.p.) and Peru (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-4.9 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest tapered roller bearing supplier in MERCOSUR, comprising 92% of total exports. The second position in the ranking was held by Peru ($X), with a 3.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to -13.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Peru (+10.9% per year) and Argentina (-8.2% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2021, remaining stable against the previous year. In general, the export price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2018 an increase of 14% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Peru ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+0.5%), while the other leaders experienced a decline in the export price figures.

Tapered Roller Bearing Imports

Imports in MERCOSUR

Tapered roller bearing imports skyrocketed to X tons in 2021, surging by 55% compared with 2020. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tapered roller bearing imports surged to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) represented the largest importer of tapered roller bearings, making up 76% of total imports. It was distantly followed by Argentina (X tons), constituting a 10% share of total imports. Colombia (X tons), Chile (X tons) and Peru (X tons) followed a long way behind the leaders.

Brazil was also the fastest-growing in terms of the tapered roller bearings imports, with a CAGR of +5.9% from 2012 to 2021. At the same time, Chile (+3.4%), Peru (+3.2%) and Argentina (+1.9%) displayed positive paces of growth. Colombia experienced a relatively flat trend pattern. While the share of Brazil (+10 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Colombia (-1.9 p.p.) and Argentina (-2.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported tapered roller bearings in MERCOSUR, comprising 60% of total imports. The second position in the ranking was taken by Argentina ($X), with a 12% share of total imports. It was followed by Colombia, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value in Brazil amounted to +1.2%. In the other countries, the average annual rates were as follows: Argentina (-1.9% per year) and Colombia (-0.3% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, declining by -5.3% against the previous year. In general, the import price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 2.9% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Peru ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform