Report Update Nov 1, 2024

Puerto Rico - Ball Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Ball Bearing Market 2024

Ball Bearing Market Size in Puerto Rico

The Puerto Rican ball bearing market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a pronounced decrease. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Ball Bearing Production in Puerto Rico

In value terms, ball bearing production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 when the production volume increased by 36% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Ball Bearing Exports

Exports by Country

China represented the key exporting country with an export of around X tons, which accounted for 44% of total exports. It was distantly followed by Japan (X tons), Germany (X tons) and Italy (X tons), together achieving a 23% share of total exports. The following exporters - South Korea (X tons), France (X tons), the Netherlands (X tons), Poland (X tons), Thailand (X tons), the United States (X tons), Slovakia (X tons) and Singapore (X tons) - together made up 17% of total exports.

China was also the fastest-growing in terms of the ball bearings exports, with a CAGR of +18.6% from 2012 to 2021. At the same time, Thailand (+8.3%), the Netherlands (+5.5%), Poland (+4.1%) and South Korea (+2.3%) displayed positive paces of growth. Italy, Japan and Germany experienced a relatively flat trend pattern. By contrast, France (-2.1%), Slovakia (-6.4%), Singapore (-6.5%) and the United States (-21.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +30 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ball bearing supplying countries from Puerto Rico were China ($X), Japan ($X) and Germany ($X), with a combined 50% share of total exports. Italy, France, the United States, the Netherlands, South Korea, Thailand, Singapore, Poland and Slovakia lagged somewhat behind, together comprising a further 29%.

Thailand, with a CAGR of +9.0%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Ball Bearing Imports

Imports by Country

The countries with the highest levels of ball bearing imports in 2021 were Germany (X tons), China (X tons) and the United States (X tons), together amounting to 28% of total import. It was distantly followed by Mexico (X tons), creating a 4.7% share of total imports. Italy (X tons), the Netherlands (X tons), Brazil (X tons), Belgium (X tons), France (X tons), Indonesia (X tons), Russia (X tons), South Korea (X tons) and India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +6.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ball bearing importing markets into Puerto Rico were China ($X), Germany ($X) and the United States ($X), with a combined 34% share of total imports.

China, with a CAGR of +6.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for ball bearings in the world?

China remains the largest ball bearing consuming country worldwide, comprising approx. 30% of total volume. Moreover, ball bearing consumption in China exceeded the figures recorded by the second-largest consumer, India, threefold. The United States ranked third in terms of total consumption with an 8.5% share.

What are the largest producers of ball bearings in the world?

China constituted the country with the largest volume of ball bearing production, accounting for 36% of total volume. Moreover, ball bearing production in China exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was occupied by Japan, with a 10% share.

What are the leading suppliers of ball bearings to Puerto Rico?

In value terms, the largest ball bearing importing markets into Puerto Rico were China, Germany and the United States, with a combined 34% share of total imports. Mexico, Italy, the Netherlands, France, India, South Korea, Brazil, Indonesia, Russia and the United Arab Emirates lagged somewhat behind, together accounting for a further 25%.

What are the leading importers of ball bearings from Puerto Rico?

In value terms, the largest ball bearing supplying countries from Puerto Rico were China, Germany and Japan, with a combined 46% share of total exports. Italy, France, the United States, the Netherlands, South Korea, Singapore, Thailand, Poland, Slovakia and Spain lagged somewhat behind, together comprising a further 33%.

What is the average export price for ball bearings in Puerto Rico?

The ball bearing export price in Puerto Rico stood at $less than 0.1 per ton in 2020, almost unchanged from the previous year.

What is the average import price for ball bearings in Puerto Rico?

The ball bearing import price in Puerto Rico stood at $less than 0.1 per ton in 2020, remaining relatively unchanged against the previous year.

This report provides an in-depth analysis of the ball bearing market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28151030 - Ball bearings

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023