Austria: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Austria

In 2021, the Austrian flywheels and pulleys market decreased by -11.6% to $X, falling for the fifth consecutive year after two years of growth. In general, consumption saw a deep contraction. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Flywheels And Pulleys Production in Austria

In value terms, flywheels and pulleys production fell significantly to $X in 2021 estimated in export price. Over the period under review, production faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 when the production volume decreased by -51.5% against the previous year. Flywheels and pulleys production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Flywheels And Pulleys Exports

Exports from Austria

In 2021, exports of flywheels and pulleys from Austria skyrocketed to X tons, growing by 20% on 2020. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 when exports increased by 58% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, flywheels and pulleys exports soared to $X in 2021. Over the period under review, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 56%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Spain (X tons) and France (X tons) were the main destinations of flywheels and pulleys exports from Austria, together accounting for 77% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +64.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for flywheels and pulleys exports from Austria, comprising 35% of total exports. The second position in the ranking was taken by Spain ($X), with a 14% share of total exports. It was followed by the United States, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+35.5% per year) and the United States (+3.9% per year).

Export Prices by Country

The average flywheels and pulleys export price stood at $X per ton in 2021, waning by -2.2% against the previous year. Overall, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 4.9% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Spain ($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 Switzerland (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Austria

In 2021, overseas purchases of flywheels and pulleys increased by 7.9% to X tons for the first time since 2015, thus ending a five-year declining trend. In general, imports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2015 when imports increased by 46% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, flywheels and pulleys imports surged to $X in 2021. Overall, imports, however, saw a slight decline. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest flywheels and pulleys supplier to Austria, accounting for a 43% share of total imports. Moreover, flywheels and pulleys imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+20.7% per year) and Hungary (-13.7% per year).

In value terms, Germany ($X) constituted the largest supplier of flywheels and pulleys to Austria, comprising 51% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by Hungary, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+16.5% per year) and Hungary (-13.3% per year).

Import Prices by Country

The average flywheels and pulleys import price stood at $X per ton in 2021, picking up by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2018 an increase of 13% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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