Brazil: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Brazil

The Brazilian flywheels and pulleys market stood at $X in 2021, with an increase of 9% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Flywheels And Pulleys Production in Brazil

In value terms, flywheels and pulleys production totaled $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the production volume increased by 27%. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Flywheels And Pulleys Exports

Exports from Brazil

In 2021, overseas shipments of flywheels and pulleys were finally on the rise to reach X tons after two years of decline. In general, exports, however, saw a perceptible decline. The exports peaked at X tons in 2012; however, from 2013 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, however, recorded a mild slump. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Argentina (X tons) was the main destination for flywheels and pulleys exports from Brazil, with a 30% share of total exports. Moreover, flywheels and pulleys exports to Argentina exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Argentina amounted to -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-10.0% per year) and Germany (+4.3% per year).

In value terms, Argentina ($X), Italy ($X) and Germany ($X) appeared to be the largest markets for flywheels and pulleys exported from Brazil worldwide, together accounting for 52% of total exports. Mexico, the United States, India, Chile, Paraguay, Uruguay, Peru, France and China lagged somewhat behind, together comprising a further 35%.

Among the main countries of destination, India, with a CAGR of +71.5%, 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

In 2021, the average flywheels and pulleys export price amounted to $X per ton, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2014 an increase of 18% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Italy (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Brazil

After two years of decline, supplies from abroad of flywheels and pulleys increased by 52% to X tons in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, flywheels and pulleys imports skyrocketed to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and South Korea (X tons) were the main suppliers of flywheels and pulleys imports to Brazil, together accounting for 53% of total imports. These countries were followed by the United States, Italy, Hungary, Poland, Thailand, India, Turkey, Japan, Argentina and Slovenia, which together accounted for a further 40%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +19.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys suppliers to Brazil were China ($X), Germany ($X) and the United States ($X), together accounting for 48% of total imports. Italy, South Korea, Thailand, Hungary, Japan, Turkey, Poland, Argentina, India and Slovenia lagged somewhat behind, together comprising a further 39%.

In terms of the main suppliers, India, with a CAGR of +13.7%, 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 average flywheels and pulleys import price amounted to $X per ton, with a decrease of -4.1% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 6.3%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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