France: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in France

For the fourth year in a row, the French flywheels and pulleys market recorded decline in sales value, which decreased by -1.4% to $X in 2021. In general, the total consumption indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -38.0% against 2015 indices. Flywheels and pulleys consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Flywheels And Pulleys Production in France

In value terms, flywheels and pulleys production rose rapidly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a pronounced decrease. The pace of growth appeared the most rapid in 2017 when the production volume increased by 23% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Flywheels And Pulleys Exports

Exports from France

In 2021, overseas shipments of flywheels and pulleys increased by 17% to X tons, rising for the second consecutive year after two years of decline. In general, total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +27.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 17%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, flywheels and pulleys exports totaled $X in 2021. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, the exports reached the peak 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 France, with a 42% share of total exports. Moreover, flywheels and pulleys exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+7.7% per year) and Italy (+11.6% per year).

In value terms, Germany ($X), Belgium ($X) and Spain ($X) were the largest markets for flywheels and pulleys exported from France worldwide, together comprising 65% of total exports. Poland, Italy, South Korea, Slovakia, the UK, Sweden, Turkey, Thailand and Brazil lagged somewhat behind, together accounting for a further 20%.

Thailand, with a CAGR of +60.6%, saw the highest growth rate of the value of exports, among 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

The average flywheels and pulleys export price stood at $X per ton in 2021, falling by -2.5% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The growth pace was the most rapid in 2016 an increase of 1.5% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Sweden ($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 Brazil (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into France

In 2021, supplies from abroad of flywheels and pulleys was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by 22%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, flywheels and pulleys imports expanded slightly to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 18%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest flywheels and pulleys supplier to France, with a 36% share of total imports. Moreover, flywheels and pulleys imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-0.9% per year) and China (+22.0% per year).

In value terms, Germany ($X) constituted the largest supplier of flywheels and pulleys to France, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with an 8.2% share of total imports. It was followed by Turkey, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-1.3% per year) and Turkey (+4.3% per year).

Import Prices by Country

In 2021, the average flywheels and pulleys import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 16%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :