China: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in China

In 2021, the Chinese flywheels and pulleys market decreased by -2.9% to $X, falling for the fourth year in a row after two years of growth. The market value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 China

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 +2.5% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 19% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Flywheels And Pulleys Exports

Exports from China

For the fifth year in a row, China recorded growth in overseas shipments of flywheels and pulleys, which increased by 89% to X tons in 2021. Over the period under review, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable 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

The United States (X tons), Japan (X tons) and South Korea (X tons) were the main destinations of flywheels and pulleys exports from China, together accounting for 35% of total exports. These countries were followed by Germany, Italy, the Netherlands, Turkey, France, Spain, Thailand, Canada, Brazil and Poland, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +41.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and South Korea ($X) constituted the largest markets for flywheels and pulleys exported from China worldwide, together comprising 36% of total exports. Germany, Italy, the Netherlands, France, Turkey, Spain, Thailand, Canada, Poland and Brazil lagged somewhat behind, together comprising a further 32%.

In terms of the main countries of destination, Poland, with a CAGR of +19.3%, 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, reducing by -23.7% against the previous year. Overall, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2018 an increase of 9.3%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Brazil ($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 Germany (-11.9%), while the prices for the other major destinations experienced a decline.

Flywheels And Pulleys Imports

Imports into China

In 2021, the amount of flywheels and pulleys imported into China was estimated at X tons, with an increase of 13% against the previous year. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 31% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, flywheels and pulleys imports soared to $X in 2021. Over the period under review, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 +36.6% against 2019 indices. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Japan (X tons) and Hungary (X tons) were the main suppliers of flywheels and pulleys imports to China, with a combined 59% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +50.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Japan ($X) and Italy ($X) appeared to be the largest flywheels and pulleys suppliers to China, together accounting for 55% of total imports. These countries were followed by Hungary, Slovakia, South Korea, France and the United States, which together accounted for a further 28%.

Among the main suppliers, Hungary, with a CAGR of +42.7%, 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

The average flywheels and pulleys import price stood at $X per ton in 2021, increasing by 12% against the previous year. Overall, the import price, however, continues to indicate a slight curtailment. The pace of growth was the most pronounced in 2014 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :