diff --git a/.chloggen/awskinesis_cached-credentials.yaml b/.chloggen/awskinesis_cached-credentials.yaml
new file mode 100644
index 000000000000..6434488c522c
--- /dev/null
+++ b/.chloggen/awskinesis_cached-credentials.yaml
@@ -0,0 +1,6 @@
+change_type: bug_fix
+component: awskinesisexporter
+note: Wraps the `AssumeRoleProvider` in a `CachedCredentials` provider, in the case the AWS role is specified. This prevents a role assumption from happening every API call.
+issues: [32415]
+subtext:
+change_logs: [user]
diff --git a/exporter/awskinesisexporter/exporter.go b/exporter/awskinesisexporter/exporter.go
index fb4ab23df61a..12169d813f94 100644
--- a/exporter/awskinesisexporter/exporter.go
+++ b/exporter/awskinesisexporter/exporter.go
@@ -65,10 +65,11 @@ func createExporter(ctx context.Context, c component.Config, log *zap.Logger, op
 	var kinesisOpts []func(*kinesis.Options)
 	if conf.AWS.Role != "" {
 		kinesisOpts = append(kinesisOpts, func(o *kinesis.Options) {
-			o.Credentials = stscreds.NewAssumeRoleProvider(
+			roleProvider := stscreds.NewAssumeRoleProvider(
 				sts.NewFromConfig(awsconf),
 				conf.AWS.Role,
 			)
+			o.Credentials = aws.NewCredentialsCache(roleProvider)
 		})
 	}
 
diff --git a/exporter/awskinesisexporter/exporter_test.go b/exporter/awskinesisexporter/exporter_test.go
index dc383a55f363..59d2f5fe4084 100644
--- a/exporter/awskinesisexporter/exporter_test.go
+++ b/exporter/awskinesisexporter/exporter_test.go
@@ -46,6 +46,7 @@ func TestCreatingExporter(t *testing.T) {
 			conf: applyConfigChanges(func(conf *Config) {
 				conf.AWS.StreamName = "example-test"
 				conf.AWS.Region = "us-east-1"
+				conf.AWS.Role = "example-role"
 			}),
 			validateNew: func(tb testing.TB) func(conf aws.Config, opts ...func(*kinesis.Options)) *kinesis.Client {
 				return func(conf aws.Config, opts ...func(*kinesis.Options)) *kinesis.Client {