EU: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in the EU

After three years of growth, the EU flywheels and pulleys market decreased by -28.1% to $X in 2021. Over the period under review, consumption saw a slight shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Flywheels And Pulleys Production in the EU

In value terms, flywheels and pulleys production rose rapidly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 26%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Flywheels And Pulleys Exports

Exports in the EU

In 2021, after three years of decline, there was significant growth in shipments abroad of flywheels and pulleys, when their volume increased by 19% to X tons. The total export volume increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, flywheels and pulleys exports surged to $X in 2021. The total export value increased at an average annual rate of +2.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat 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

In 2021, Germany (X tons) represented the key exporter of flywheels and pulleys, comprising 40% of total exports. Italy (X tons) ranks second in terms of the total exports with an 18% share, followed by France (11%) and the Czech Republic (6.2%). Belgium (X tons), Poland (X tons), Slovakia (X tons), the Netherlands (X tons), Spain (X tons), Romania (X tons) and Austria (X tons) held a minor share of total exports.

Germany experienced a relatively flat trend pattern with regard to volume of exports of flywheels and pulleys. At the same time, Romania (+34.8%), Austria (+15.1%), the Netherlands (+9.7%), the Czech Republic (+9.0%), Belgium (+7.0%), France (+5.8%) and Poland (+5.4%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +34.8% from 2012-2021. Italy and Slovakia experienced a relatively flat trend pattern. By contrast, Spain (-3.3%) illustrated a downward trend over the same period. While the share of France (+3.8 p.p.), the Czech Republic (+3 p.p.), Romania (+1.9 p.p.) and Belgium (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Italy (-2.3 p.p.) and Germany (-5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest flywheels and pulleys supplier in the European Union, comprising 46% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports. It was followed by Italy, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +1.3%. In the other countries, the average annual rates were as follows: France (+1.5% per year) and Italy (+0.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 9.9%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+13.5%), while the other leaders experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports in the EU

In 2021, supplies from abroad of flywheels and pulleys was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 11%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, flywheels and pulleys imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons), distantly followed by France (X tons), Italy (X tons), Poland (X tons), Spain (X tons) and the Czech Republic (X tons) represented the main importers of flywheels and pulleys, together constituting 74% of total imports. The following importers - Hungary (X tons), Sweden (X tons), Belgium (X tons), Austria (X tons), Romania (X tons), Slovakia (X tons) and the Netherlands (X tons) - together made up 22% of total imports.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +12.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys importing markets in the European Union were Germany ($X), France ($X) and Poland ($X), with a combined 53% share of total imports. These countries were followed by Italy, Belgium, Spain, Hungary, the Czech Republic, Austria, Sweden, Slovakia, Romania and the Netherlands, which together accounted for a further 42%.

Among the main importing countries, Romania, with a CAGR of +17.7%, recorded the highest growth rate of 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 import price in the European Union stood at $X per ton in 2021, with an increase of 4.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 7.5%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+5.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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