Mexico: Tapered Roller Bearing Market 2024

Tapered Roller Bearing Market Size in Mexico

The Mexican tapered roller bearing market was finally on the rise to reach $X in 2021, after three years of decline. In general, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -35.3% against 2017 indices. Tapered roller bearing consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Tapered Roller Bearing Production in Mexico

In value terms, tapered roller bearing production fell modestly to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2015 when the production volume increased by 45%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Tapered Roller Bearing Exports

Exports from Mexico

After seven years of decline, shipments abroad of tapered roller bearings increased by 117% to X tons in 2021. Overall, exports, however, showed a abrupt curtailment. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, tapered roller bearing exports soared to $X in 2021. In general, exports, however, saw a deep downturn. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for tapered roller bearing exports from Mexico, accounting for a 90% share of total exports. Moreover, tapered roller bearing exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+3.8% per year) and Germany (-17.9% per year).

In value terms, the United States ($X) remains the key foreign market for tapered roller bearings exports from Mexico, comprising 84% of total exports. The second position in the ranking was taken by Belgium ($X), with a 7.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -17.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.3% per year) and Germany (-17.5% per year).

Export Prices by Country

The average tapered roller bearing export price stood at $X per ton in 2021, declining by -26.5% against the previous year. In general, export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tapered roller bearing export price decreased by -29.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Tapered Roller Bearing Imports

Imports into Mexico

Tapered roller bearing imports into Mexico soared to X tons in 2021, with an increase of 40% compared with the previous year. Overall, total imports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.3% against 2015 indices. 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, total imports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.7% against 2018 indices. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

The United States (X tons), China (X tons) and Japan (X tons) were the main suppliers of tapered roller bearing imports to Mexico, with a combined 80% share of total imports. These countries were followed by India, South Korea and Poland, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +35.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of tapered roller bearings to Mexico, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.2% per year) and Japan (+0.8% per year).

Import Prices by Country

The average tapered roller bearing import price stood at $X per ton in 2021, falling by -2.5% against the previous year. Over the period under review, the import price continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2015 an increase of 46% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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