Puerto Rico: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Puerto Rico

The Puerto Rican ball bearing parts market reduced to $X in 2021, declining by -3.1% against the previous year. Over the period under review, consumption, however, saw a noticeable slump. Puerto Rico consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Ball Bearing Parts Production in Puerto Rico

In value terms, ball bearing parts production fell slightly to $X in 2021 estimated in export price. Overall, production, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2017 with an increase of 51%. Puerto Rico production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Ball Bearing Parts Exports

Exports from Puerto Rico

In 2021, exports of parts of ball or roller bearings from Puerto Rico was estimated at less than X kg, remaining relatively unchanged against the year before. Over the period under review, exports saw a relatively flat trend pattern.

In value terms, ball bearing parts exports totaled less than $X in 2021. In general, exports saw a relatively flat trend pattern.

Exports by Country

China represented the main exporting country with an export of about X tons, which amounted to 40% of total exports. Japan (X tons) ranks second in terms of the total exports with a 14% share, followed by Germany (7.6%), South Korea (6%) and India (5.8%). France (X tons), Romania (X tons), Bosnia and Herzegovina (X tons), the United States (X tons), Italy (X tons), Bulgaria (X tons) and Slovakia (X tons) held a little share of total exports.

Exports from China increased at an average annual rate of +7.9% from 2012 to 2021. At the same time, Bosnia and Herzegovina (+10.7%), South Korea (+9.0%), Bulgaria (+8.5%), India (+7.9%) and Romania (+6.2%) displayed positive paces of growth. Moreover, Bosnia and Herzegovina emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.7% from 2012-2021. France experienced a relatively flat trend pattern. By contrast, Germany (-2.2%), Japan (-2.3%), Italy (-3.4%), the United States (-3.6%) and Slovakia (-9.3%) illustrated a downward trend over the same period. China (+15 p.p.), South Korea (+2.6 p.p.) and India (+2.2 p.p.) significantly strengthened its position in terms of the global exports, while the United States, Slovakia, Germany and Japan saw its share reduced by -1.5%, -3.1%, -3.7% and -6.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2021, with a combined 54% share of total exports. The United States, Romania, India, South Korea, France, Slovakia, Italy, Bosnia and Herzegovina and Bulgaria lagged somewhat behind, together accounting for a further 29%.

Among the main exporting countries, Bosnia and Herzegovina, with a CAGR of +8.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Bosnia and Herzegovina ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+8.3%), while the other leaders experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Puerto Rico

In 2021, the amount of parts of ball or roller bearings imported into Puerto Rico totaled less than X kg, approximately reflecting the year before. In general, imports recorded a relatively flat trend pattern.

In value terms, ball bearing parts imports totaled less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

France (X tons), Germany (X tons), the United States (X tons) and China (X tons) represented roughly 47% of total imports in 2021. It was distantly followed by Austria (X tons), creating a 4.9% share of total imports. The following importers - Italy (X tons), Slovakia (X tons), Mexico (X tons), India (X tons), Romania (X tons), Brazil (X tons), South Korea (X tons) and the UK (X tons) - together made up 26% of total imports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +9.1%), 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 2021, together comprising 37% of total imports.

China, with a CAGR of +8.6%, 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.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :