Azerbaijan: 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

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