Costa Rica: Roller Bearing Market 2024

Roller Bearing Market Size in Costa Rica

After three years of growth, the Costa Rican roller bearing market decreased by X% to $X in 2023. Overall, consumption recorded a pronounced slump. Costa Rica consumption peaked at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Roller Bearing Exports

Exports from Costa Rica

In 2023, approx. X tons of roller bearings were exported from Costa Rica; with a decrease of X% against the previous year. In general, exports, however, showed a notable expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, roller bearing exports fell remarkably to $X in 2023. Over the period under review, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The Costa Rica exports peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China was the main exporter of roller bearings in the world, with the volume of exports amounting to X tons, which was near X% of total exports in 2023. Germany (X tons) ranks second in terms of the total exports with a X% share, followed by France (X%), Singapore (X%), Slovakia (X%) and Italy (X%). The following exporters - South Korea (X tons), the United States (X tons), Vietnam (X tons), the Netherlands (X tons), Turkey (X tons), Hong Kong SAR (X tons) and Austria (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the roller bearings exports, with a CAGR of X% from 2012 to 2023. At the same time, the Netherlands (X%), Vietnam (X%) and Turkey (X%) displayed positive paces of growth. Germany and Slovakia experienced a relatively flat trend pattern. By contrast, Italy (X%), France (X%), Singapore (X%), the United States (X%), South Korea (X%), Hong Kong SAR (X%) and Austria (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Vietnam (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of France (X p.p.), Singapore (X p.p.), Hong Kong SAR (X p.p.), the United States (X p.p.), South Korea (X p.p.) and Austria (X 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 Italy ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports. The United States, Singapore, France, Vietnam, the Netherlands, Hong Kong SAR, Slovakia, Turkey, South Korea and Austria lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw 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

The export price in Costa Rica stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Austria (X%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Costa Rica

In 2023, overseas purchases of roller bearings decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, imports showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, roller bearing imports contracted to $X in 2023. Over the period under review, imports recorded a noticeable setback. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Indonesia (X tons), followed by Thailand (X tons), India (X tons) and Germany (X tons) were the largest importers of roller bearings, together constituting X% of total imports. The following importers - South Korea (X tons), Italy (X tons), Canada (X tons), Poland (X tons), Nigeria (X tons), France (X tons), Austria (X tons), Spain (X tons) and Malaysia (X tons) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), India ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Canada, Thailand, Poland, Italy, France, Malaysia, South Korea, Austria, Spain and Nigeria lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 Costa Rica stood at $X per ton in 2023, stabilizing at the previous year. Overall, the import price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Canada ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform