Report Update Nov 1, 2024

Azerbaijan - Balls, Needles and Rollers for Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Tools For Bearing Market 2024

Tools For Bearing Market Size in Azerbaijan

The Azerbaijani tools for bearing market surged to $X in 2022, rising by 75% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate significant growth. Tools for bearing consumption peaked in 2022 and is expected to retain growth in the near future.

Tools For Bearing Exports

Exports from Azerbaijan

In 2022, after two years of growth, there was significant decline in shipments abroad of balls, needles and rollers for ball or roller bearings, when their volume decreased by -92.4% to X kg. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,155%. As a result, the exports attained the peak of X kg. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tools for bearing exports dropped notably to $X in 2022. Overall, exports continue to indicate a pronounced slump. The pace of growth appeared the most rapid in 2019 when exports increased by 94% against the previous year. The exports peaked at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Russia (X kg) was the main destination for tools for bearing exports from Azerbaijan, with a 65% share of total exports. Moreover, tools for bearing exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-53.0% per year) and Mozambique (0.0% per year).

In value terms, Russia ($X), Kazakhstan ($X) and Mozambique ($X) were the largest markets for tools for bearing exported from Azerbaijan worldwide.

Among the main countries of destination, Mozambique, with a CAGR of 0.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average tools for bearing export price stood at $X per ton in 2022, falling by -24.7% against the previous year. Over the period under review, the export price recorded a abrupt decline. The growth pace was the most rapid in 2019 when the average export price increased by 344%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+33.1%), while the prices for the other major destinations experienced mixed trend patterns.

Tools For Bearing Imports

Imports into Azerbaijan

In 2022, approx. X tons of balls, needles and rollers for ball or roller bearings were imported into Azerbaijan; with an increase of 75% compared with 2021. In general, imports saw a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 372%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, tools for bearing imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a notable increase. The growth pace was the most rapid in 2015 with an increase of 95% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

China (X tons), Turkey (X tons) and Germany (X tons) were the main suppliers of tools for bearing imports to Azerbaijan, together accounting for 72% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +188.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Italy ($X) constituted the largest tools for bearing suppliers to Azerbaijan, together comprising 45% of total imports.

China, with a CAGR of +134.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tools for bearing import price stood at $X per ton in 2022, with a decrease of -15.2% against the previous year. Overall, the import price recorded a deep contraction. The pace of growth was the most pronounced in 2018 an increase of 64%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for balls, needles and rollers for ball or roller bearings in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 46% share of global consumption. Japan, Russia, Indonesia, Brazil, France, Germany, Canada, South Korea, Saudi Arabia and Thailand lagged somewhat behind, together accounting for a further 35%.

What are the largest producers of balls, needles and rollers for ball or roller bearings in the world?

China remains the largest tools for bearing producing country worldwide, comprising approx. 30% of total volume. Moreover, tools for bearing production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.7% share.

What are the leading suppliers of balls, needles and rollers for ball or roller bearings to Azerbaijan?

In value terms, the largest tools for bearing suppliers to Azerbaijan were China, Italy and Germany, together comprising 48% of total imports. Poland, Turkey, Japan and South Korea lagged somewhat behind, together comprising a further 23%.

What are the leading importers of balls, needles and rollers for ball or roller bearings from Azerbaijan?

In value terms, Iran emerged as the key foreign market for tools for bearing exports from Azerbaijan, comprising 38% of total exports. The second position in the ranking was occupied by Senegal, with a 17% share of total exports. It was followed by Germany, with an 11% share.

What is the average export price for balls, needles and rollers for ball or roller bearings in Azerbaijan?

The average tools for bearing export price stood at $23,650 per ton in 2021, falling by -13.6% against the previous year.

What is the average import price for balls, needles and rollers for ball or roller bearings in Azerbaijan?

The average tools for bearing import price stood at $18,005 per ton in 2021, with a decrease of -14.1% against the previous year.

This report provides an in-depth analysis of the tools for bearing market in Azerbaijan. 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 28153130 - Balls, needles and rollers for ball or roller bearings

Country coverage:

Azerbaijan

Data coverage:

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

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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