Bolivia - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Bolivia - Ball and Roller Bearings - Market Analysis, Forecast, Size, Trends And Insights

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Bearing Price in Bolivia - 2023

Contents:

  1. Bearing Price in Bolivia (CIF) - 2022
  2. Bearing Price in Bolivia (FOB) - 2022
  3. Bearing Imports in Bolivia
  4. Bearing Exports in Bolivia

Bearing Price in Bolivia (CIF) - 2022

The average bearing import price stood at $2,995 per ton in 2022, declining by -12.4% against the previous year. In general, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 14% against the previous year. The import price peaked at $13,664 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($41,139 per ton), while the price for China ($1,170 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Bearing Price in Bolivia (FOB) - 2022

In 2022, the average bearing export price amounted to $83,236 per ton, reducing by -16.2% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2019 an increase of 692% against the previous year. As a result, the export price attained the peak level of $143,499 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($343,708 per ton), while the average price for exports to Chile ($29,068 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Bearing Imports in Bolivia

In 2022, approx. 7.9K tons of ball and roller bearings were imported into Bolivia; picking up by 37% on the previous year. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 160% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, bearing imports skyrocketed to $24M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 50% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Import of Bearing in Bolivia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan6.54.25.87.33.9%
China3.82.54.96.519.6%
United States2.11.41.62.0-1.6%
Brazil1.20.91.11.814.5%
Others5.34.16.36.04.2%
Total18.913.119.723.57.5%

Top Suppliers of Bearing to Bolivia in 2022:

  1. China (5.6K tons)
  2. Japan (1.7K tons)
  3. Brazil (0.2K tons)
  4. United States (0.1K tons)

Bearing Exports in Bolivia

In 2022, shipments abroad of ball and roller bearings decreased by -70.6% to 571 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of 216% against the previous year.

In value terms, bearing exports fell remarkably to $48K in 2022. Overall, exports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 with an increase of 288% against the previous year. As a result, the exports reached the peak of $193K, and then contracted sharply in the following year.

Export of Bearing in Bolivia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States26.417.911514.4-18.3%
Peru0.2N/A1.113.0302.1%
Saudi Arabia10.110.025.38.2-6.7%
Argentina3.32.10.76.525.4%
Chile1.34.60.63.032.1%
JapanN/AN/AN/A1.70%
BelgiumN/A6.314.00.6-69.1%
SpainN/AN/A8.1N/A0%
AngolaN/AN/A3.3N/A0%
ColombiaN/AN/A5.5N/A0%
ParaguayN/A1.3N/AN/A0%
Italy0.3N/A0.7N/A52.8%
Brazil0.9N/A5.2N/A140.4%
Others11.97.513.5N/A6.5%
Total54.449.719347.5-4.4%

Top Export Markets for Bearing from Bolivia in 2022:

  1. United States (169.0 kg)
  2. Peru (154.0 kg)
  3. Chile (103.0 kg)
  4. Argentina (68.0 kg)
  5. Japan (50.0 kg)
  6. Saudi Arabia (24.0 kg)
  7. Belgium (3.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bearing market in Bolivia. 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:

  • Bolivia

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Bolivia
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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