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Guatemala - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingBearing Price in Guatemala - 2023
Contents:
- Bearing Price in Guatemala (CIF) - 2023
- Bearing Price in Guatemala (FOB) - 2022
- Bearing Imports in Guatemala
- Bearing Exports in Guatemala
Bearing Price in Guatemala (CIF) - 2023
The average bearing import price stood at $13,765 per ton in December 2023, dropping by -22% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 25% m-o-m. As a result, import price reached the peak level of $17,811 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($65,884 per ton), while the price for Pakistan ($3,362 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Bearing Price in Guatemala (FOB) - 2022
The average bearing export price stood at $7,496 per ton in 2022, picking up by 23% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 58%. The export price peaked at $13,510 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was El Salvador ($20,095 per ton), while the average price for exports to Honduras totaled $4,643 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to El Salvador (+9.6%).
Bearing Imports in Guatemala
Bearing imports into Guatemala skyrocketed to 2K tons in 2022, jumping by 19% on 2021 figures. In general, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, bearing imports surged to $29M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.5% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 27%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
Import of Bearing in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 0.6 | 0.9 | 2.6 | 8.5 | 142.0% |
China | 1.9 | 1.8 | 3.7 | 6.2 | 48.3% |
United States | 7.4 | 6.5 | 5.7 | 2.9 | -26.8% |
Germany | 0.5 | 0.5 | 0.9 | 1.7 | 50.4% |
Italy | 0.1 | 0.1 | 0.6 | 1.4 | 141.0% |
India | 0.1 | 0.1 | 0.3 | 1.3 | 135.1% |
France | N/A | 0.1 | 0.3 | 1.2 | 246.4% |
Mexico | 0.4 | 0.4 | 0.6 | 0.4 | 0.0% |
Hong Kong SAR | 0.4 | 0.7 | 0.7 | 0.2 | -20.6% |
Belgium | 3.2 | 3.1 | 2.7 | N/A | -8.1% |
Panama | 2.9 | 2.7 | 2.4 | N/A | -9.0% |
United Arab Emirates | 0.6 | 0.5 | 0.8 | N/A | 15.5% |
El Salvador | 0.3 | 0.1 | 0.1 | N/A | -42.3% |
Others | 1.9 | 1.3 | 2.8 | 5.5 | 42.5% |
Total | 20.4 | 19.0 | 24.1 | 29.4 | 13.0% |
Top Suppliers of Bearing to Guatemala in 2022:
- China (737.8 tons)
- Japan (454.1 tons)
- India (203.0 tons)
- United States (162.7 tons)
- Italy (54.0 tons)
- Germany (50.8 tons)
- France (47.7 tons)
- Mexico (20.9 tons)
- Hong Kong SAR (15.0 tons)
- United Arab Emirates (0.4 tons)
- Belgium (0.4 tons)
- Panama (0.2 tons)
Bearing Exports in Guatemala
For the fourth consecutive year, Guatemala recorded growth in shipments abroad of ball and roller bearings, which increased by 6.5% to 477 tons in 2022. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 133% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, bearing exports skyrocketed to $3.6M in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Bearing in Guatemala (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Honduras | 1.1 | 1.3 | 1.9 | 1.8 | 17.8% |
El Salvador | 0.6 | 0.6 | 0.7 | 1.6 | 38.7% |
Others | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
Total | 2.0 | 2.1 | 2.7 | 3.6 | 21.6% |
Top Export Markets for Bearing from Guatemala in 2022:
- Honduras (383.7 tons)
- El Salvador (78.0 tons)
This report provides an in-depth analysis of the bearing market in Guatemala. 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
- Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
- Prodcom 28151055 - Spherical roller bearings
- Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
- Prodcom 28151070 - Needle roller bearings
- Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)
Country coverage:
- Guatemala
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Guatemala
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the bearing market in Guatemala.
This report provides an in-depth analysis of the ball bearing market in Guatemala.
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This report provides an in-depth analysis of the needle roller bearing market in Guatemala.
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This report provides an in-depth analysis of the roller bearing market in Guatemala.
This report provides an in-depth analysis of the spherical roller bearing market in Guatemala.
This report provides an in-depth analysis of the tapered roller bearing market in Guatemala.
This report provides an in-depth analysis of the global bearing market.
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