Australia - Flywheels And Pulleys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingIn 2023, Australia's Import of Flywheels and Pulleys Surges to $60 Million
Australia Flywheels And Pulleys Imports
In 2023, overseas purchases of flywheels and pulleys decreased by -2.1% to 3.8K tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2022 when imports increased by 20%. Imports peaked at 6.5K tons in 2013; however, from 2014 to 2023, imports remained at a lower figure.
In value terms, flywheels and pulleys imports expanded modestly to $60M (IndexBox estimates) in 2023. The total import value increased at an average annual rate of +1.6% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 22%. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the immediate term.
| COUNTRY | Import Value of Flywheels And Pulleys in Australia (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| United States | 8.2 | 8.9 | 10.7 | 10.3 | 10.3 | 11.1 | 8.4 | 10.2 | 14.9 | 17.2 | 15.9 |
| China | 7.5 | 7.8 | 6.5 | 5.3 | 6.9 | 7.9 | 6.9 | 8.2 | 9.3 | 11.5 | 11.8 |
| Germany | 6.4 | 5.0 | 5.0 | 3.8 | 4.3 | 6.0 | 5.6 | 5.3 | 6.4 | 6.7 | 7.6 |
| Japan | 6.1 | 5.7 | 5.9 | 6.0 | 6.2 | 4.9 | 5.4 | 4.1 | 5.2 | 5.6 | 4.0 |
| United Kingdom | 1.2 | 1.9 | 1.4 | 1.4 | 1.5 | 1.6 | 1.4 | 0.9 | 1.0 | 1.1 | 1.5 |
| France | 2.3 | 2.6 | 1.3 | 1.7 | 0.8 | 0.6 | 1.0 | 2.6 | 1.2 | 1.0 | 1.4 |
| South Korea | 2.0 | 1.8 | 1.6 | 1.6 | 1.9 | 2.0 | 1.8 | 1.9 | 1.9 | 0.8 | 1.2 |
| Italy | 1.7 | 1.7 | 1.4 | 1.3 | 1.7 | 1.9 | 2.3 | 1.7 | 1.6 | 0.7 | 0.8 |
| Others | 15.5 | 12.7 | 12.0 | 8.3 | 9.4 | 9.8 | 9.5 | 8.6 | 11.4 | 13.5 | 15.5 |
| Total | 50.9 | 48.3 | 45.8 | 39.6 | 43.0 | 45.7 | 42.2 | 43.4 | 52.8 | 58.2 | 59.6 |
Imports by Country
the United States (1K tons), China (717 tons) and Germany (507 tons) were the main suppliers of flywheels and pulleys imports to Australia, with a combined 59% share of total imports. Japan, the UK, France, South Korea and Italy lagged somewhat behind, together comprising a further 15%.
From 2013 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +3.5%), while imports for the other leaders experienced mixed trend patterns.
In value terms, the United States ($16M), China ($12M) and Germany ($7.6M) appeared to be the largest flywheels and pulleys suppliers to Australia, with a combined 59% share of total imports.
the United States, with a CAGR of +6.8%, recorded the highest rates of growth with regard to 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 2023, the flywheels and pulleys price stood at $15,532 per ton (CIF, Australia), increasing by 4.5% against the previous year. In general, the import price enjoyed a prominent increase. The most prominent rate of growth was recorded in 2017 an increase of 65%. Over the period under review, average import prices hit record highs at $16,177 per ton in 2021; however, from 2022 to 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were China ($16,479 per ton) and Taiwan (Chinese) ($16,291 per ton), while the price for Japan ($14,515 per ton) and Canada ($14,632 per ton) were amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by China (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the flywheels and pulleys market in Australia. 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 28152500 - Flywheels and pulleys (including pulley blocks)
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- 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 Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- 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 Of Destination, 2012–2024
