Report Update Nov 1, 2024

Azerbaijan - Parts of Ball or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Ball Bearing Parts Market 2024

Ball Bearing Parts Market Size in Azerbaijan

After four years of growth, the Azerbaijani ball bearing parts market decreased by -22.6% to $X in 2021. In general, consumption, however, posted a strong increase. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Ball Bearing Parts Exports

Exports from Azerbaijan

In 2021, exports of parts of ball or roller bearings from Azerbaijan surged to X kg, increasing by 100% compared with 2020 figures. Overall, exports, however, continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 1,750% against the previous year. The exports peaked at X kg in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball bearing parts exports skyrocketed to $X in 2021. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 2,770%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Georgia (X kg), Russia (X kg) and Ukraine (X kg) were the main destinations of ball bearing parts exports from Azerbaijan, together accounting for 88% of total exports.

From 2012 to 2021, the biggest increases were recorded for Georgia (with a CAGR of +9.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), the United Arab Emirates ($X) and Russia ($X) were the largest markets for ball bearing parts exported from Azerbaijan worldwide, with a combined 66% share of total exports.

In terms of the main countries of destination, Georgia, with a CAGR of +26.8%, 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

In 2021, the average ball bearing parts export price amounted to $X per ton, surging by 44% against the previous year. Overall, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,911% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Ukraine ($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 Belgium (+50.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Bearing Parts Imports

Imports into Azerbaijan

After four years of growth, supplies from abroad of parts of ball or roller bearings decreased by -15.2% to X tons in 2021. Over the period under review, imports, however, saw significant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 103% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then contracted sharply in the following year.

In value terms, ball bearing parts imports fell rapidly to $X in 2021. In general, imports, however, recorded temperate growth. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest ball bearing parts supplier to Azerbaijan, with a 63% share of total imports. Moreover, ball bearing parts imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fivefold. The third position in this ranking was held by the United Arab Emirates (X tons), with a 7.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +63.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+38.2% per year) and the United Arab Emirates (+81.7% per year).

In value terms, the largest ball bearing parts suppliers to Azerbaijan were China ($X), Belarus ($X) and the United States ($X), with a combined 58% share of total imports.

Belarus, with a CAGR of +228.3%, 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 ball bearing parts import price amounted to $X per ton, which is down by -29.9% against the previous year. Overall, the import price saw a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 81% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Iran ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+176.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for parts of ball or roller bearings in the world?

China constituted the country with the largest volume of ball bearing parts consumption, accounting for 24% of total volume. Moreover, ball bearing parts consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with an 8% share.

What are the largest producers of parts of ball or roller bearings in the world?

China remains the largest ball bearing parts producing country worldwide, accounting for 37% of total volume. Moreover, ball bearing parts production in China exceeded the figures recorded by the second-largest producer, India, threefold. Japan ranked third in terms of total production with a 9.1% share.

What are the leading suppliers of parts of ball or roller bearings to Azerbaijan?

In value terms, China constituted the largest supplier of ball bearing parts to Azerbaijan, comprising 25% of total imports. The second position in the ranking was occupied by Turkey, with an 8.1% share of total imports. It was followed by Singapore, with a 5.9% share.

What are the leading importers of parts of ball or roller bearings from Azerbaijan?

In value terms, Georgia emerged as the key foreign market for ball bearing parts exports from Azerbaijan, comprising 44% of total exports. The second position in the ranking was occupied by Ukraine $395), with a 3.7% share of total exports.

What is the average export price for parts of ball or roller bearings in Azerbaijan?

In 2021, the average ball bearing parts export price amounted to $50,726 per ton, picking up by 12% against the previous year.

What is the average import price for parts of ball or roller bearings in Azerbaijan?

The average ball bearing parts import price stood at $13,972 per ton in 2021, with an increase of 11% against the previous year.

This report provides an in-depth analysis of the ball bearing parts 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 28153150 - Parts of ball or roller bearings (excluding balls, needles and rollers)

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