Azerbaijan: Spherical Roller Bearing Market 2025

Spherical Roller Bearing Market Size in Azerbaijan

The Azerbaijani spherical roller bearing market soared to $X in 2021, rising by 51% 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 saw a significant increase. Spherical roller bearing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Spherical Roller Bearing Exports

Exports from Azerbaijan

In 2021, the amount of spherical roller bearings exported from Azerbaijan reduced modestly to X tons, which is down by -2.1% compared with 2020 figures. Overall, exports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2020 with an increase of 1,968%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, spherical roller bearing exports shrank dramatically to $X in 2021. In general, exports, however, continue to indicate a perceptible increase. The growth pace was the most rapid in 2020 when exports increased by 2,095%. As a result, the exports attained the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Ukraine (X kg) was the main destination for spherical roller bearing exports from Azerbaijan, with a 90% share of total exports. Moreover, spherical roller bearing exports to Ukraine exceeded the volume sent to the second major destination, Georgia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ukraine stood at +334.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+37.9% per year) and Russia (-32.8% per year).

In value terms, Ukraine ($X) remains the key foreign market for spherical roller bearings exports from Azerbaijan, comprising 55% of total exports. The second position in the ranking was held by Georgia ($X), with a 9.7% share of total exports. It was followed by Russia, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Ukraine totaled +108.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+47.8% per year) and Russia (-16.5% per year).

Export Prices by Country

In 2021, the average spherical roller bearing export price amounted to $X per ton, which is down by -49.7% against the previous year. Overall, the export price, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 an increase of 182% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($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 Kazakhstan (+33.2%), while the prices for the other major destinations experienced more modest paces of growth.

Spherical Roller Bearing Imports

Imports into Azerbaijan

In 2021, approx. X tons of spherical roller bearings were imported into Azerbaijan; increasing by 50% against the previous year. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 936% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, spherical roller bearing imports soared to $X in 2021. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 102% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), the United Arab Emirates (X tons) and Russia (X tons) were the main suppliers of spherical roller bearing imports to Azerbaijan, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +225.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest spherical roller bearing suppliers to Azerbaijan were China ($X), the United Arab Emirates ($X) and Japan ($X), with a combined 63% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +76.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spherical roller bearing import price stood at $X per ton in 2021, leveling off at the previous year. Overall, the import price recorded a sharp contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 45%. Over the period under review, average import prices reached the peak figure 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, the country with the highest price was Sweden ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-7.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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