Peru: Market for Bearing Housings Incorporating Ball Or Roller Bearings 2024

Market Size for Bearing Housings Incorporating Ball Or Roller Bearings in Peru

The Peruvian market for bearing housings incorporating ball or roller bearings reduced remarkably to $X in 2022, shrinking by -21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Exports of Bearing Housings Incorporating Ball Or Roller Bearings

Exports from Peru

In 2022, the amount of bearing housings incorporating ball or roller bearings exported from Peru soared to X tons, picking up by 21% against the previous year's figure. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 437% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, bearing housing with ball bearing exports rose markedly to $X in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 343%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Bolivia (X tons), Costa Rica (X kg) and Zambia (X kg) were the main destinations of bearing housing with ball bearing exports from Peru, together comprising 59% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +107.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X) remains the key foreign market for bearing housings incorporating ball or roller bearings exports from Peru, comprising 53% of total exports. The second position in the ranking was taken by Bolivia ($X), with a 14% share of total exports. It was followed by the United States, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Zambia amounted to +110.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+73.9% per year) and the United States (+42.5% per year).

Export Prices by Country

The average export price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, shrinking by -11.5% against the previous year. Over the period under review, the export price recorded a perceptible decline. The pace of growth was the most pronounced in 2019 when the average export price increased by 163%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while the average price for exports to Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Incorporating Ball Or Roller Bearings

Imports into Peru

After two years of growth, supplies from abroad of bearing housings incorporating ball or roller bearings decreased by -19.4% to X tons in 2022. In general, imports, however, showed modest growth. The growth pace was the most rapid in 2021 when imports increased by 76%. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, bearing housing with ball bearing imports dropped dramatically to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 75%. As a result, imports attained the peak of $X, and then dropped sharply in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest bearing housing with ball bearing supplier to Peru, with a 64% share of total imports. Moreover, bearing housing with ball bearing imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold. The third position in this ranking was taken by Japan (X tons), with a 6.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.8% per year) and Japan (-1.6% per year).

In value terms, the largest bearing housing with ball bearing suppliers to Peru were China ($X), the United States ($X) and Japan ($X), together accounting for 64% of total imports. Panama, Italy, Romania, Brazil and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 23%.

In terms of the main suppliers, Romania, with a CAGR of +168.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for bearing housings incorporating ball or roller bearings stood at $X per ton in 2022, with a decrease of -2.5% against the previous year. In general, the import price recorded a slight curtailment. The pace of growth appeared the most rapid in 2014 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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