Canada: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Canada

In 2021, the Canadian flywheels and pulleys market increased by 14% to $X, rising for the fourth consecutive year after three years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +104.1% against 2017 indices. Flywheels and pulleys consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Flywheels And Pulleys Production in Canada

In value terms, flywheels and pulleys production fell modestly to $X in 2021 estimated in export price. In general, production, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 70% against the previous year. Flywheels and pulleys production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Flywheels And Pulleys Exports

Exports from Canada

In 2021, overseas shipments of flywheels and pulleys decreased by -9% to X tons, falling for the sixth consecutive year after four years of growth. In general, exports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2014 with an increase of 22%. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, flywheels and pulleys exports dropped to $X in 2021. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2014 when exports increased by 20%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for flywheels and pulleys exports from Canada, with a 44% share of total exports. Moreover, flywheels and pulleys exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), twofold. Mexico (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+5.2% per year) and Mexico (+14.4% per year).

In value terms, the United States ($X) remains the key foreign market for flywheels and pulleys exports from Canada, comprising 44% of total exports. The second position in the ranking was held by Japan ($X), with an 18% share of total exports. It was followed by Mexico, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+4.8% per year) and Mexico (+14.1% per year).

Export Prices by Country

In 2021, the average flywheels and pulleys export price amounted to $X per ton, picking up by 9.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per ton) and the United States ($X per ton), while the average price for exports to France ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.3%), while the prices for the other major destinations experienced a decline.

Flywheels And Pulleys Imports

Imports into Canada

After two years of decline, purchases abroad of flywheels and pulleys increased by 4.5% to X tons in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 287%. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, flywheels and pulleys imports expanded to $X in 2021. Over the period under review, imports, however, showed a slight reduction. The pace of growth was the most pronounced in 2014 when imports increased by 348%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of flywheels and pulleys to Canada, with a 46% share of total imports. Moreover, flywheels and pulleys imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.6% per year) and South Korea (-5.3% per year).

In value terms, the United States ($X) constituted the largest supplier of flywheels and pulleys to Canada, comprising 46% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by South Korea, with a 9.6% share.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.4% per year) and South Korea (-6.3% per year).

Import Prices by Country

In 2021, the average flywheels and pulleys import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price, however, saw a mild decline. The growth pace was the most rapid in 2014 when the average import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Mexico ($X per ton) and the United States ($X per ton), while the price for France ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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