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Puerto Rico - Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPuerto Rico: Bearing Market 2022
Bearing Market Size in Puerto Rico
The Puerto Rican bearing market declined slightly to $X in 2021, reducing by -3.2% against the previous year. Overall, consumption showed a perceptible descent. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.
Bearing Production in Puerto Rico
In value terms, bearing production shrank modestly to $X in 2021 estimated in export price. In general, production saw a noticeable curtailment. The pace of growth appeared the most rapid in 2016 when the production volume increased by 12% against the previous year. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.
Bearing Exports
Exports by Country
In 2021, China (X tons) was the major exporter of ball or roller bearings, creating 31% of total exports. It was distantly followed by Japan (X tons), Germany (X tons) and the United States (X tons), together making up a 28% share of total exports. The following exporters - France (X tons), Italy (X tons), South Korea (X tons), the Netherlands (X tons), Poland (X tons), Romania (X tons), Austria (X tons), Slovakia (X tons) and Singapore (X tons) - together made up 23% of total exports.
China was also the fastest-growing in terms of the ball or roller bearings exports, with a CAGR of +17.2% from 2012 to 2021. At the same time, the United States (+7.8%), the Netherlands (+4.7%), Poland (+4.0%), South Korea (+3.0%) and Germany (+1.9%) displayed positive paces of growth. Romania, Italy, Japan and France experienced a relatively flat trend pattern. By contrast, Slovakia (-1.4%), Singapore (-2.1%) and Austria (-3.5%) illustrated a downward trend over the same period. China (+20 p.p.) and the United States (+2.1 p.p.) significantly strengthened its position in terms of the global exports, while Austria, France, Germany and Japan saw its share reduced by -1.8%, -2.2%, -2.3% and -4.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X), Germany ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2021, together comprising 48% of total exports.
In terms of the main exporting countries, China, with a CAGR of +5.3%, recorded the highest growth rate of 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
The export price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern.
Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+4.0%), while the other leaders experienced more modest paces of growth.
Bearing Imports
Imports by Country
In 2021, the United States (X tons) was the key importer of ball or roller bearings, creating 37% of total imports. Germany (X tons) held the second position in the ranking, followed by China (X tons). All these countries together held near 14% share of total imports. Mexico (X tons), Brazil (X tons), Italy (X tons), Russia (X tons), France (X tons), Vietnam (X tons), the Netherlands (X tons), India (X tons), Indonesia (X tons) and Thailand (X tons) took a minor share of total imports.
The United States was also the fastest-growing in terms of the ball or roller bearings imports, with a CAGR of +23.2% from 2012 to 2021. At the same time, Vietnam (+21.4%), Thailand (+8.3%), China (+5.2%), Brazil (+4.7%), India (+4.7%), the Netherlands (+3.4%), Mexico (+3.4%), Indonesia (+2.6%) and Italy (+1.6%) displayed positive paces of growth. France, Germany and Russia experienced a relatively flat trend pattern. While the share of the United States (+27 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of France (-1.6 p.p.), Russia (-1.8 p.p.) and Germany (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($X), Germany ($X) and the United States ($X) were the countries with the highest levels of imports in 2021, with a combined 35% share of total imports.
China, with a CAGR of +5.2%, saw the highest rates of growth with regard to 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
In 2021, the import price in Puerto Rico amounted to less than $X per ton, approximately reflecting the previous year. Overall, the import price continues to indicate a relatively flat trend pattern.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per ton), while the United States ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+1.3%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the 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
- 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:
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.
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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
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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
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