Indonesia: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Indonesia

The Indonesian flywheels and pulleys market rose sharply to $X in 2021, with an increase of 10% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Flywheels And Pulleys Production in Indonesia

In value terms, flywheels and pulleys production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when the production volume increased by 37%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Flywheels And Pulleys Exports

Exports from Indonesia

In 2021, the amount of flywheels and pulleys exported from Indonesia soared to X tons, growing by 53% compared with 2020. In general, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, flywheels and pulleys exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2013 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for flywheels and pulleys exports from Indonesia, with a 78% share of total exports. Moreover, flywheels and pulleys exports to Thailand exceeded the volume sent to the second major destination, South Korea (X tons), eightfold. Japan (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Thailand totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+110.3% per year) and Japan (-4.4% per year).

In value terms, Thailand ($X), South Korea ($X) and Japan ($X) constituted the largest markets for flywheels and pulleys exported from Indonesia worldwide, with a combined 71% share of total exports.

South Korea, with a CAGR of +73.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average flywheels and pulleys export price amounted to $X per ton, which is down by -14.1% against the previous year. Over the period under review, the export price, however, posted a modest expansion. The pace of growth was the most pronounced in 2013 an increase of 65%. 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 South Korea ($X per ton), while the average price for exports to Thailand ($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 Japan (+6.1%), while the prices for the other major destinations experienced a decline.

Flywheels And Pulleys Imports

Imports into Indonesia

In 2021, supplies from abroad of flywheels and pulleys was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a deep downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 44% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, flywheels and pulleys imports soared to $X in 2021. Overall, imports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 62%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest flywheels and pulleys supplier to Indonesia, with a 60% share of total imports. Moreover, flywheels and pulleys imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.9% per year) and Thailand (-6.2% per year).

In value terms, Japan ($X), China ($X) and Thailand ($X) constituted the largest flywheels and pulleys suppliers to Indonesia, with a combined 74% share of total imports.

In terms of the main suppliers, China, with a CAGR of +6.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average flywheels and pulleys import price stood at $X per ton in 2021, surging by 13% against the previous year. Over the period under review, the import price, however, saw a noticeable shrinkage. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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