Azerbaijan: Roller Bearing Market 2024

Roller Bearing Market Size in Azerbaijan

The Azerbaijani roller bearing market rose to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Roller Bearing Production in Azerbaijan

In value terms, roller bearing production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Azerbaijan production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Roller Bearing Exports

Exports from Azerbaijan

In 2022, roller bearing exports from Azerbaijan surged to X kg, growing by X% compared with the previous year's figure. Overall, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, roller bearing exports declined significantly to $X in 2022. In general, exports enjoyed strong growth. The growth pace was the most rapid in 2018 with an increase of X%. The Azerbaijan exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China represented the major exporting country with an export of around X tons, which amounted to X% of total exports. Singapore (X tons) took the second position in the ranking, followed by Germany (X tons), France (X tons), Slovakia (X tons) and the United States (X tons). All these countries together held approx. X% share of total exports. The following exporters - Italy (X tons), Vietnam (X tons), South Korea (X tons), the United Arab Emirates (X tons), Hong Kong SAR (X tons), Indonesia (X tons) and Austria (X tons) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Indonesia (X%), Vietnam (X%), the United Arab Emirates (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. By contrast, Italy (X%), France (X%), Germany (X%), South Korea (X%), Hong Kong SAR (X%), the United States (X%) and Austria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Vietnam increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Italy, the United States, Vietnam, France, Hong Kong SAR, Slovakia, South Korea, Austria, the United Arab Emirates and Indonesia lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Azerbaijan amounted to $X per kg, which is down by X% against the previous year. In general, the export price, however, saw a significant expansion. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per kg. From 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per kg), while Indonesia ($X per kg) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other leaders experienced more modest paces of growth.

Roller Bearing Imports

Imports into Azerbaijan

Roller bearing imports into Azerbaijan rose sharply to X tons in 2022, with an increase of X% on the previous year's figure. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Azerbaijan imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, roller bearing imports rose markedly to $X in 2022. Over the period under review, imports enjoyed modest growth. The growth pace was the most rapid in 2016 when imports increased by X%. Azerbaijan imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X tons), followed by Germany (X tons) and Thailand (X tons) were the largest importers of roller bearings, together creating X% of total imports. India (X tons), Italy (X tons), Nigeria (X tons), Canada (X tons), South Korea (X tons), Spain (X tons), France (X tons), Poland (X tons), Singapore (X tons) and Austria (X tons) held a relatively small share of total imports.

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

In value terms, Germany ($X), India ($X) and Indonesia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Canada, Thailand, South Korea, Italy, France, Poland, Singapore, Austria, Spain and Nigeria lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Azerbaijan amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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