Germany: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Germany

After three years of growth, the German flywheels and pulleys market decreased by -90.7% to $X in 2021. Over the period under review, consumption showed a significant decline. Flywheels and pulleys consumption peaked at $X in 2020, and then dropped notably in the following year.

Flywheels And Pulleys Production in Germany

In value terms, flywheels and pulleys production rose slightly to $X in 2021 estimated in export price. Overall, production saw a mild descent. The most prominent rate of growth was recorded in 2014 with an increase of 19% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Flywheels And Pulleys Exports

Exports from Germany

In 2021, overseas shipments of flywheels and pulleys were finally on the rise to reach X tons after three years of decline. In general, exports, however, saw a relatively flat trend pattern. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat 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 +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

China (X tons), France (X tons) and the UK (X tons) were the main destinations of flywheels and pulleys exports from Germany, together comprising 28% of total exports. These countries were followed by Poland, the Czech Republic, Sweden, the Netherlands, Hungary, Austria, the United States, Mexico, Italy and Romania, which together accounted for a further 45%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +12.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flywheels and pulleys exported from Germany were France ($X), China ($X) and Poland ($X), together comprising 32% of total exports. The UK, Hungary, the United States, Italy, Romania, Austria, the Czech Republic, Mexico, Sweden and the Netherlands lagged somewhat behind, together accounting for a further 33%.

Romania, with a CAGR of +16.8%, 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, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 7.9% against the previous year. As a result, the export price reached the peak level of $X per ton, leveling off in the following year.

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 Italy ($X per ton), while the average price for exports to the Netherlands ($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 Poland (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Germany

In 2021, purchases abroad of flywheels and pulleys increased by 3.7% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -28.8% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 18% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, flywheels and pulleys imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 11%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Hungary (X tons) and Italy (X tons) were the main suppliers of flywheels and pulleys imports to Germany, with a combined 48% share of total imports. These countries were followed by France, the Czech Republic, Slovakia, Turkey, Romania, Poland, Spain, India, South Korea and Slovenia, which together accounted for a further 42%.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +34.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Hungary ($X) appeared to be the largest flywheels and pulleys suppliers to Germany, with a combined 40% share of total imports. These countries were followed by China, the Czech Republic, Slovakia, Romania, Turkey, Poland, Spain, South Korea, Slovenia and India, which together accounted for a further 44%.

In terms of the main suppliers, Romania, with a CAGR of +45.7%, saw 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 average flywheels and pulleys import price stood at $X per ton in 2021, increasing by 3.5% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 7% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood 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 France ($X per ton), while the price for India ($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 (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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