Egypt: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Egypt

In 2021, the Egyptian flywheels and pulleys market decreased by -18.5% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a abrupt decline. Flywheels and pulleys consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Flywheels And Pulleys Exports

Exports from Egypt

In 2021, shipments abroad of flywheels and pulleys decreased by -50.4% to X tons, falling for the second year in a row after two years of growth. Overall, exports faced a sharp shrinkage. The growth pace was the most rapid in 2019 when exports increased by 785%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, flywheels and pulleys exports fell significantly to $X in 2021. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 552%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Peru (X kg) was the main destination for flywheels and pulleys exports from Egypt, with a 73% share of total exports. Moreover, flywheels and pulleys exports to Peru exceeded the volume sent to the second major destination, Nigeria (X kg), sevenfold. Tunisia (X kg) ranked third in terms of total exports with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume to Peru was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-39.2% per year) and Tunisia (-33.6% per year).

In value terms, Peru ($X) emerged as the key foreign market for flywheels and pulleys exports from Egypt, comprising 91% of total exports. The second position in the ranking was held by Nigeria ($X), with a 3.8% share of total exports. It was followed by Italy, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value to Peru was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-53.1% per year) and Italy (0.0% per year).

Export Prices by Country

In 2021, the average flywheels and pulleys export price amounted to $X per ton, increasing by 3.8% against the previous year. Overall, the export price recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 an increase of 193%. The export price peaked at $X per ton in 2014; however, from 2015 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 Peru ($X per ton), while the average price for exports to Tunisia ($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 Congo (+1,126.0%), while the prices for the other major destinations experienced mixed trend patterns.

Flywheels And Pulleys Imports

Imports into Egypt

In 2021, supplies from abroad of flywheels and pulleys decreased by -22.4% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 50%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, flywheels and pulleys imports contracted rapidly to $X in 2021. Overall, imports showed a abrupt decrease. The growth pace was the most rapid in 2013 when imports increased by 30%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of flywheels and pulleys imports to Egypt, together accounting for 43% of total imports. Russia, Japan, India, Turkey, the United Arab Emirates, the United States, Spain, South Korea, France and Denmark lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of +30.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest flywheels and pulleys suppliers to Egypt, with a combined 41% share of total imports. Russia, the United Arab Emirates, Japan, India, Turkey, the United States, Spain, South Korea, France and Denmark lagged somewhat behind, together comprising a further 29%.

Denmark, with a CAGR of +29.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, rising by 6.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 50% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Russia ($X per ton), while the price for France ($X per ton) and Italy ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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