Denmark: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Denmark

The Danish flywheels and pulleys market surged to $X in 2021, picking up by 21% against the previous year. In general, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.4% 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 +22.6% against 2019 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Flywheels And Pulleys Production in Denmark

In value terms, flywheels and pulleys production skyrocketed to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 41% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Flywheels And Pulleys Exports

Exports from Denmark

After three years of decline, overseas shipments of flywheels and pulleys increased by 41% to X tons in 2021. In general, exports, however, saw a abrupt slump. 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. Overall, exports, however, showed a perceptible slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons), Sweden (X tons) and Finland (X tons) were the main destinations of flywheels and pulleys exports from Denmark, with a combined 64% share of total exports. These countries were followed by the United States, Italy, Romania, Poland, Brazil, Austria, Belgium, France and the Netherlands, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +112.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Romania ($X) were the largest markets for flywheels and pulleys exported from Denmark worldwide, together comprising 55% of total exports.

Romania, with a CAGR of +87.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, which is down by -1.6% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flywheels and pulleys export price increased by +59.8% against 2015 indices. The most prominent rate of growth was recorded in 2019 an increase of 19%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then fell slightly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Brazil ($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 the Netherlands (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Denmark

In 2021, overseas purchases of flywheels and pulleys were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, recorded a slight descent. The growth pace was the most rapid in 2013 when imports increased by 41% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, flywheels and pulleys imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of flywheels and pulleys imports to Denmark, with a combined 65% share of total imports. These countries were followed by the Netherlands, the UK, Belgium and Sweden, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +25.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of flywheels and pulleys to Denmark, comprising 41% of total imports. The second position in the ranking was taken by Italy ($X), with an 8.9% share of total imports. It was followed by Belgium, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+4.6% per year) and Belgium (-12.2% per year).

Import Prices by Country

The average flywheels and pulleys import price stood at $X per ton in 2021, with an increase of 15% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flywheels and pulleys import price increased by +21.5% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 86% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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