Iran: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Iran

The Iranian flywheels and pulleys market dropped to $X in 2021, reducing by -14.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption faced a dramatic shrinkage. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Flywheels And Pulleys Exports

Exports from Iran

In 2021, after two years of decline, there was significant growth in shipments abroad of flywheels and pulleys, when their volume increased by 807% to X tons. In general, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 15,793% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, flywheels and pulleys exports soared to $X in 2021. Over the period under review, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by 9,835% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey (X tons) was the main destination for flywheels and pulleys exports from Iran, accounting for a 52% share of total exports. Moreover, flywheels and pulleys exports to Turkey exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was held by China (X tons), with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume to Turkey amounted to +216.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+39.3% per year) and China (+62.1% per year).

In value terms, Turkey ($X), Italy ($X) and China ($X) were the largest markets for flywheels and pulleys exported from Iran worldwide, with a combined 69% share of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of +143.8%, saw the highest rates of growth with regard to 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, waning by -21.1% against the previous year. Over the period under review, the export price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2014 an increase of 42% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey ($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 Tunisia (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.

Flywheels And Pulleys Imports

Imports into Iran

In 2021, purchases abroad of flywheels and pulleys increased by 62% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 206%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, flywheels and pulleys imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 206%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Turkey (X tons) and Armenia (X tons) were the main suppliers of flywheels and pulleys imports to Iran, with a combined 87% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +17.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Germany ($X) were the largest flywheels and pulleys suppliers to Iran, with a combined 81% share of total imports.

Turkey, with a CAGR of +15.4%, recorded 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, picking up by 1.7% against the previous year. In general, the import price, however, showed a pronounced decrease. The growth pace was the most rapid in 2020 an increase of 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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