Asia-Pacific: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Asia-Pacific

After three years of decline, the Asia-Pacific flywheels and pulleys market increased by 0.3% to $X in 2021. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Flywheels And Pulleys Production in Asia-Pacific

In value terms, flywheels and pulleys production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 18%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Flywheels And Pulleys Exports

Exports in Asia-Pacific

In 2021, shipments abroad of flywheels and pulleys increased by 45% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +45.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys exports surged to $X in 2021. The total export value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor 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.

Exports by Country

In 2021, China (X tons), distantly followed by South Korea (X tons), Japan (X tons) and Thailand (X tons) represented the key exporters of flywheels and pulleys, together creating 90% of total exports. The following exporters - Taiwan (Chinese) (X tons), Indonesia (X tons) and India (X tons) - together made up 8.1% 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, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of exports in 2021, together accounting for 79% of total exports. Taiwan (Chinese), India, Thailand and Indonesia lagged somewhat behind, together comprising a further 17%.

Among the main exporting countries, Taiwan (Chinese), with a CAGR of +17.2%, recorded 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

The export price in Asia-Pacific stood at $X per ton in 2021, declining by -8.5% against the previous year. Overall, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 12% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a 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 India ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.7%), while the other leaders experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports in Asia-Pacific

In 2021, after two years of decline, there was significant growth in purchases abroad of flywheels and pulleys, when their volume increased by 30% to X tons. The total import volume increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys imports soared to $X in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons), distantly followed by Thailand (X tons), South Korea (X tons), China (X tons) and India (X tons) represented the key importers of flywheels and pulleys, together generating 84% of total imports. Taiwan (Chinese) (X tons) and Indonesia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +12.1%), while purchases 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, with a combined 59% share of total imports. Thailand, India, Indonesia and Taiwan (Chinese) lagged somewhat behind, together comprising a further 26%.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +2.3%, 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, reducing by -3.3% against the previous year. In general, the import price showed a slight descent. The pace of growth was the most pronounced in 2018 when the import price increased by 3.9%. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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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