Finland: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Finland

The Finnish flywheels and pulleys market skyrocketed to $X in 2021, jumping by 40% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Flywheels And Pulleys Production in Finland

In value terms, flywheels and pulleys production soared to $X in 2021 estimated in export price. In general, production, however, showed a drastic downturn. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Flywheels And Pulleys Exports

Exports from Finland

In 2021, exports of flywheels and pulleys from Finland dropped to X tons, reducing by -1.9% on the year before. In general, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +72.4% against 2016 indices. The growth pace was the most rapid in 2020 when exports increased by 48%. As a result, the exports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, flywheels and pulleys exports surged to $X in 2021. Overall, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2020 when exports increased by 61%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

India (X tons), Russia (X tons) and France (X tons) were the main destinations of flywheels and pulleys exports from Finland, with a combined 26% share of total exports. These countries were followed by the United States, Germany, the UK, the Netherlands, China, Kazakhstan, Italy, Sweden, Australia and Poland, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kazakhstan (with a CAGR of +89.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flywheels and pulleys exported from Finland were the United States ($X), Russia ($X) and China ($X), together accounting for 24% of total exports. These countries were followed by India, the UK, France, Sweden, Germany, the Netherlands, Australia, Poland, Kazakhstan and Italy, which together accounted for a further 39%.

In terms of the main countries of destination, Poland, with a CAGR of +63.1%, saw the highest growth rate of 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, increasing by 19% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.3% 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 export price increased by +126.7% against 2015 indices. The pace of growth was the most pronounced in 2016 an increase of 37% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Kazakhstan ($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 UK (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Finland

In 2021, the amount of flywheels and pulleys imported into Finland surged to X tons, picking up by 37% against the previous year's figure. Overall, imports posted a notable expansion. The growth pace was the most rapid in 2018 when imports increased by 51%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, flywheels and pulleys imports surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Turkey (X tons) and China (X tons) were the main suppliers of flywheels and pulleys imports to Finland, with a combined 60% share of total imports. Poland, the Czech Republic, Italy, Spain, Sweden and Belgium lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +16.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys suppliers to Finland were Germany ($X), China ($X) and Sweden ($X), with a combined 51% share of total imports. These countries were followed by Poland, the Czech Republic, Belgium, Turkey, Spain and Italy, which together accounted for a further 36%.

Poland, with a CAGR of +13.5%, 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, remaining stable against the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2014 an increase of 12% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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 Belgium ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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