Czech Republic: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in the Czech Republic

The Czech flywheels and pulleys market soared to $X in 2021, rising by 20% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Flywheels And Pulleys Production in the Czech Republic

In value terms, flywheels and pulleys production reached $X in 2021 estimated in export price. Overall, production posted a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 157%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Flywheels And Pulleys Exports

Exports from the Czech Republic

In 2021, approx. X tons of flywheels and pulleys were exported from the Czech Republic; rising by 3.1% on the year before. In general, exports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 41% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, flywheels and pulleys exports amounted to $X in 2021. Over the period under review, exports saw a buoyant expansion. The growth pace was the most rapid in 2015 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for flywheels and pulleys exports from the Czech Republic, with a 40% share of total exports. Moreover, flywheels and pulleys exports to Germany exceeded the volume sent to the second major destination, Hungary (X tons), fivefold. France (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+60.8% per year) and France (+35.7% per year).

In value terms, Germany ($X) remains the key foreign market for flywheels and pulleys exports from the Czech Republic, comprising 49% of total exports. The second position in the ranking was taken by Turkey ($X), with a 7% share of total exports. It was followed by France, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to Germany totaled +13.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+15.8% per year) and France (+28.3% per year).

Export Prices by Country

In 2021, the average flywheels and pulleys export price amounted to $X per ton, with an increase of 8.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2013 when the average export price increased by 8.5%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to China ($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 Sweden (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into the Czech Republic

In 2021, the amount of flywheels and pulleys imported into the Czech Republic surged to X tons, jumping by 18% compared with the year before. The total import volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys imports rose notably to $X in 2021. The total import value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 17%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons) constituted the largest flywheels and pulleys supplier to the Czech Republic, with a 54% share of total imports. Moreover, flywheels and pulleys imports from Germany exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fourfold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-3.1% per year) and China (+17.1% per year).

In value terms, Germany ($X) constituted the largest supplier of flywheels and pulleys to the Czech Republic, comprising 51% of total imports. The second position in the ranking was taken by South Korea ($X), with a 15% share of total imports. It was followed by China, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+11.2% per year) and China (+9.7% per year).

Import Prices by Country

The average flywheels and pulleys import price stood at $X per ton in 2021, declining by -4.9% against the previous year. Overall, the import price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 9.3% against the previous year. The import price peaked at $X per ton in 2020, and then shrank slightly in the following year.

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 Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+14.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :