
Azerbaijan - Needle Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAzerbaijan: Needle Roller Bearing Market 2025
Needle Roller Bearing Market Size in Azerbaijan
In 2021, after two years of growth, there was significant decline in the Azerbaijani needle roller bearing market, when its value decreased by -52.4% to $X. Over the period under review, consumption, however, saw a significant increase. Needle roller bearing consumption peaked at $X in 2020, and then shrank markedly in the following year.
Needle Roller Bearing Exports
Exports from Azerbaijan
In 2021, approx. X kg of needle roller bearings were exported from Azerbaijan; declining by -33.3% compared with the previous year. Overall, exports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2015 with an increase of 2,400%. The exports peaked at X kg in 2016; however, from 2017 to 2021, the exports failed to regain momentum.
In value terms, needle roller bearing exports shrank to $X in 2021. In general, exports, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of 2,663%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.
Exports by Country
Mexico (X kg), Ukraine (X kg) and the United Arab Emirates (X kg) were the main destinations of needle roller bearing exports from Azerbaijan, with a combined 94% share of total exports. Moreover, needle roller bearing exports in Mexico exceeded the figures recorded by the second-largest exporter, Ukraine, twofold.
From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +8.0%), while the other leaders experienced mixed trend patterns.
In value terms, the largest markets for needle roller bearing exported from Azerbaijan were Mexico ($X), Ukraine ($X) and the United Arab Emirates ($X), with a combined 77% share of total exports.
In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +24.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.
Export Prices by Country
In 2021, the average needle roller bearing export price amounted to $X per ton, rising by 50% against the previous year. In general, the export price posted resilient growth. The pace of growth appeared the most rapid in 2020 when the average export price increased by 133%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.
Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.
Needle Roller Bearing Imports
Imports into Azerbaijan
In 2021, purchases abroad of needle roller bearings decreased by -54.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 when imports increased by 233% against the previous year. Imports peaked at X tons in 2020, and then shrank significantly in the following year.
In value terms, needle roller bearing imports declined remarkably to $X in 2021. Over the period under review, imports, however, showed a resilient expansion. The pace of growth was the most pronounced in 2014 when imports increased by 138% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.
Imports by Country
China (X tons), the United Arab Emirates (X tons) and Finland (X kg) were the main suppliers of needle roller bearing imports to Azerbaijan, together accounting for 84% of total imports. Germany, France, Turkey, Sweden and Belarus lagged somewhat behind, together comprising a further 10%.
From 2012 to 2021, the biggest increases were in Sweden (with a CAGR of +83.9%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the United Arab Emirates ($X), China ($X) and France ($X) were the largest needle roller bearing suppliers to Azerbaijan, together comprising 52% of total imports. These countries were followed by Sweden, Germany, Finland, Turkey and Belarus, which together accounted for a further 22%.
Sweden, with a CAGR of +70.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average needle roller bearing import price amounted to $X per ton, jumping by 46% against the previous year. Overall, the import price, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of 125%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for China ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.9%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the needle roller 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 28151070 - Needle 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND THE AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDSThis Chapter is Available Only for the Professional EditionPRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and its Prospects
- MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- MARKET FORECAST TO 2035
4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION
Finding New Products to Diversify Your Business
- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCTS
- MOST TRADED PRODUCTS
- MOST PROFITABLE PRODUCTS FOR EXPORTS
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Export
- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
- EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
- EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
LIST OF FIGURES
- Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Structure – Domestic Supply vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Trade Balance, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
- Market Volume Forecast to 2035
- Market Value Forecast to 2035
- Market Size and Growth, By Product
- Average Per Capita Consumption, By Product
- Exports and Growth, By Product
- Export Prices and Growth, By Product
- Production Volume and Growth
- Exports and Growth
- Export Prices and Growth
- Market Size and Growth
- Per Capita Consumption
- Imports and Growth
- Import Prices
- Production, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Production, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country, 2012–2024
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