Mexico: Cylindrical Roller Bearing Market 2024

Cylindrical Roller Bearing Market Size in Mexico

The Mexican cylindrical roller bearing market skyrocketed to $X in 2022, rising by 20% against the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Mexico consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Cylindrical Roller Bearing Production in Mexico

In value terms, cylindrical roller bearing production surged to $X in 2022 estimated in export price. Over the period under review, production posted a moderate increase. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cylindrical Roller Bearing Exports

Exports from Mexico

In 2022, overseas shipments of cylindrical roller bearings increased by 66% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 107% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, cylindrical roller bearing exports rose notably to $X in 2022. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2018 when exports increased by 114% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of cylindrical roller bearings, namely Germany, China and Japan, represented more than half of total export. Romania (X tons) held a 7.7% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (5.6%). Taiwan (Chinese) (X tons), Kazakhstan (X tons), Canada (X tons), Russia (X tons), Hong Kong SAR (X tons), Poland (X tons), France (X tons) and Italy (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Taiwan (Chinese) (with a CAGR of +43.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest cylindrical roller bearing supplier from Mexico, comprising 27% of global exports. The second position in the ranking was held by Japan ($X), with an 11% share of global exports. It was followed by China, with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Japan (-0.3% per year) and China (+6.6% per year).

Export Prices by Country

The export price in Mexico stood at $X per ton in 2022, falling by -32.3% against the previous year. Over the period under review, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2016 an increase of 36% against the previous year. The Mexico export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.3%), while the other leaders experienced more modest paces of growth.

Cylindrical Roller Bearing Imports

Imports into Mexico

After five years of decline, purchases abroad of cylindrical roller bearings increased by 27% to X tons in 2022. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 53% against the previous year. Mexico imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, cylindrical roller 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 indicated some 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

The countries with the highest levels of cylindrical roller bearing imports in 2022 were China (X tons), Russia (X tons) and Germany (X tons), together resulting at 42% of total import. It was distantly followed by the United States (X tons), committing a 5.7% share of total imports. Spain (X tons), Italy (X tons), Brazil (X tons), Thailand (X tons), South Korea (X tons), Indonesia (X tons), Turkey (X tons), the Czech Republic (X tons) and France (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +20.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of imports in 2022, together comprising 43% of total imports. Italy, France, Brazil, Russia, South Korea, Spain, Indonesia, Turkey, the Czech Republic and Thailand lagged somewhat behind, together accounting for a further 23%.

Spain, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Mexico amounted to $X per ton, declining by -5.4% against the previous year. In general, the import price, however, continues to indicate a measured increase. The most prominent rate of growth was recorded in 2021 when the import price increased by 45% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped in the following year.

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 France ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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