Argentina: Ball Bearing Market 2024

Ball Bearing Market Size in Argentina

In 2023, the Argentinian ball bearing market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption, however, posted modest growth. Argentina consumption peaked at $X in 2022, and then dropped in the following year.

Ball Bearing Exports

Exports from Argentina

In 2023, exports of ball bearings from Argentina shrank to X tons, with a decrease of X% compared with 2022. Overall, exports recorded a perceptible shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.

In value terms, ball bearing exports reduced remarkably to $X in 2023. Over the period under review, exports recorded a perceptible descent. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

In 2023, China (X tons) was the major exporter of ball bearings, making up X% of total exports. Japan (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%) and Italy (X%). South Korea (X tons), the Netherlands (X tons), France (X tons), Poland (X tons), Thailand (X tons), the United States (X tons), Singapore (X tons) and Slovakia (X tons) took a relatively small share of total exports.

China was also the fastest-growing in terms of the ball bearings exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%), the Netherlands (X%), Poland (X%) and South Korea (X%) displayed positive paces of growth. Italy, Germany and Japan experienced a relatively flat trend pattern. By contrast, France (X%), Slovakia (X%), Singapore (X%) and the United States (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Slovakia (X p.p.), Italy (X p.p.), France (X p.p.), Germany (X p.p.), the United States (X p.p.), Singapore (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ball bearing supplying countries from Argentina were China ($X), Germany ($X) and Japan ($X), together comprising X% of total exports. Italy, the United States, France, the Netherlands, Thailand, South Korea, Poland, Singapore and Slovakia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Thailand, 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 Argentina stood at $X per ton in 2023, declining by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 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 the United States (X%), while the other leaders experienced more modest paces of growth.

Ball Bearing Imports

Imports into Argentina

In 2023, after two years of growth, there was significant decline in overseas purchases of ball bearings, when their volume decreased by X% to X tons. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2022, and then shrank in the following year.

In value terms, ball bearing imports dropped to $X in 2023. Overall, imports recorded a mild decrease. The most prominent rate of growth was recorded in 2021 with an increase of X%. Argentina imports peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Germany (X tons), followed by the United States (X tons), China (X tons) and Mexico (X tons) represented the main importers of ball bearings, together comprising X% of total imports. Italy (X tons), the Netherlands (X tons), Brazil (X tons), France (X tons), Indonesia (X tons), South Korea (X tons), Japan (X tons), Turkey (X tons) and Spain (X tons) followed a long way behind the leaders.

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

In value terms, the largest ball bearing importing markets into Argentina were Germany ($X), China ($X) and the United States ($X), together accounting for X% of total imports. Mexico, Italy, France, the Netherlands, Japan, South Korea, Brazil, Turkey, Indonesia and Spain lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, saw the highest growth rate of 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 2023, the import price in Argentina amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price showed a mild setback. The most prominent rate of growth was recorded in 2020 an increase of X%. Argentina import price peaked at $X per ton in 2013; however, from 2014 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 China ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform