Benelux: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Benelux

In 2021, after three years of growth, there was significant decline in the Benelux flywheels and pulleys market, when its value decreased by -9.8% to $X. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Flywheels And Pulleys Production in Benelux

In value terms, flywheels and pulleys production contracted slightly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 26% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Flywheels And Pulleys Exports

Exports in Benelux

In 2021, overseas shipments of flywheels and pulleys increased by 36% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 40% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, flywheels and pulleys exports surged to $X in 2021. Over the period under review, exports saw a modest increase. The most prominent rate of growth was recorded in 2020 with an increase of 60%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium was the key exporter of flywheels and pulleys in Benelux, with the volume of exports finishing at X tons, which was approx. 66% of total exports in 2021. It was distantly followed by the Netherlands (X tons), making up a 34% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +9.7%).

In value terms, Belgium ($X) remains the largest flywheels and pulleys supplier in Benelux, comprising 80% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 20% share of total exports.

In Belgium, flywheels and pulleys exports increased at an average annual rate of +1.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, waning by -5.6% against the previous year. Overall, the export price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when the export price increased by 23% against the previous year. Over the period under review, the export prices hit record highs 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 Belgium ($X per ton), while the Netherlands amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-5.0%).

Flywheels And Pulleys Imports

Imports in Benelux

For the sixth consecutive year, Benelux recorded growth in purchases abroad of flywheels and pulleys, which increased by 5.6% to X tons in 2021. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +100.9% against 2015 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 31% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, flywheels and pulleys imports soared to $X in 2021. Over the period under review, imports continue to indicate measured growth. The pace of growth was the most pronounced in 2020 with an increase of 38%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Belgium represented the main importing country with an import of around X tons, which finished at 68% of total imports. It was distantly followed by the Netherlands (X tons), constituting a 31% share of total imports.

Belgium was also the fastest-growing in terms of the flywheels and pulleys imports, with a CAGR of +5.9% from 2012 to 2021. The Netherlands experienced a relatively flat trend pattern. Belgium (+9.9 p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands saw its share reduced by -10.4% from 2012 to 2021, respectively.

In value terms, Belgium ($X) constitutes the largest market for imported flywheels and pulleys in Benelux, comprising 76% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 23% share of total imports.

In Belgium, flywheels and pulleys imports increased at an average annual rate of +1.9% over the period from 2012-2021.

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, with an increase of 16% against the previous year. In general, the import price, however, recorded a noticeable descent. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%).

Source: IndexBox Platform