Venezuela: Market for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings 2025

Market Size for Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings in Venezuela

In 2021, after seven years of decline, there was significant growth in the Venezuelan market for bearing housings not incorporating ball or roller bearings, plain shaft bearings, when its value increased by 128% to $X. In general, consumption, however, recorded a significant curtailment. Bearing housing without ball bearing consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Exports from Venezuela

In 2021, bearing housing without ball bearing exports from Venezuela soared to X tons, jumping by 149% compared with 2020 figures. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by 489% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, bearing housing without ball bearing exports soared to $X in 2021. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 441% against the previous year. 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

Indonesia (X kg) was the main destination for bearing housing without ball bearing exports from Venezuela, with a 74% share of total exports. Moreover, bearing housing without ball bearing exports to Indonesia exceeded the volume sent to the second major destination, the United States (X kg), sevenfold. Costa Rica (X kg) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Indonesia amounted to +85.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.7% per year) and Costa Rica (+2.2% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for bearing housings not incorporating ball or roller bearings, plain shaft bearings exports from Venezuela, comprising 61% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Costa Rica, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Indonesia totaled +64.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-16.4% per year) and Costa Rica (+22.2% per year).

Export Prices by Country

In 2021, the average export price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, shrinking by -29.5% against the previous year. Overall, the export price recorded a pronounced curtailment. The pace of growth was the most pronounced in 2019 when the average export price increased by 66%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Sweden ($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 Costa Rica (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bearing Housings Not Incorporating Ball Or Roller Bearings, Plain Shaft Bearings

Imports into Venezuela

In 2021, the amount of bearing housings not incorporating ball or roller bearings, plain shaft bearings imported into Venezuela skyrocketed to X tons, with an increase of 108% on 2020 figures. Over the period under review, imports, however, recorded a sharp shrinkage. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, bearing housing without ball bearing imports soared to $X in 2021. Overall, imports, however, continue to indicate a precipitous setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Canada (X tons) were the main suppliers of bearing housing without ball bearing imports to Venezuela, with a combined 57% share of total imports. The United States, Vietnam, Hong Kong SAR, Brazil, Colombia, Turkey, Germany and Mexico lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +20.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bearing housing without ball bearing suppliers to Venezuela were Taiwan (Chinese) ($X), the United States ($X) and Canada ($X), with a combined 57% share of total imports. Germany, China, Brazil, Hong Kong SAR, Vietnam, Colombia, Turkey and Mexico lagged somewhat behind, together accounting for a further 27%.

Vietnam, with a CAGR of +13.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for bearing housings not incorporating ball or roller bearings, plain shaft bearings amounted to $X per ton, picking up by 22% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The growth pace was the most rapid in 2014 when the average import price increased by 74% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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