Asia: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Asia

In 2021, the Asian flywheels and pulleys market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Flywheels And Pulleys Production in Asia

In value terms, flywheels and pulleys production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Flywheels And Pulleys Exports

Exports in Asia

In 2021, shipments abroad of flywheels and pulleys was finally on the rise to reach X tons after three years of decline. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys exports soared to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons), distantly followed by South Korea (X tons), Japan (X tons) and Turkey (X tons) represented the key exporters of flywheels and pulleys, together generating 88% of total exports. Thailand (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) held a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +18.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys supplying countries in Asia were Japan ($X), China ($X) and South Korea ($X), with a combined 67% share of total exports. These countries were followed by Turkey, Taiwan (Chinese), Thailand and Indonesia, which together accounted for a further 25%.

In terms of the main exporting countries, Turkey, with a CAGR of +22.5%, 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 export price in Asia amounted to $X per ton, waning by -4.9% against the previous year. Over the period under review, the export price showed a perceptible decrease. The growth pace was the most rapid in 2018 when the export price increased by 6.1%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.0%), while the other leaders experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports in Asia

After two years of decline, overseas purchases of flywheels and pulleys increased by 23% to X tons in 2021. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys imports surged to $X in 2021. In general, imports recorded a relatively flat trend pattern. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X tons), distantly followed by Thailand (X tons), South Korea (X tons), Turkey (X tons), China (X tons) and India (X tons) represented the key importers of flywheels and pulleys, together creating 82% of total imports. Taiwan (Chinese) (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Thailand (with a CAGR of +12.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together comprising 49% of total imports. These countries were followed by Turkey, Thailand, India and Taiwan (Chinese), which together accounted for a further 32%.

In terms of the main importing countries, Turkey, with a CAGR of +5.7%, recorded the highest growth rate of 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

In 2021, the import price in Asia amounted to $X per ton, which is down by -2.3% against the previous year. Overall, the import price continues to indicate a slight reduction. The growth pace was the most rapid in 2014 when the import price increased by 1.8%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, 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 India ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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