Ireland: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Ireland

The Irish flywheels and pulleys market soared to $X in 2021, jumping by 84% 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 enjoyed prominent growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Flywheels And Pulleys Exports

Exports from Ireland

In 2021, approx. X tons of flywheels and pulleys were exported from Ireland; jumping by 20% against the year before. In general, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 48%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, flywheels and pulleys exports reached $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 174%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for flywheels and pulleys exports from Ireland, accounting for a 38% share of total exports. Moreover, flywheels and pulleys exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Russia (X tons), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+21.6% per year) and Russia (+65.9% per year).

In value terms, the largest markets for flywheels and pulleys exported from Ireland were the United States ($X), Spain ($X) and France ($X), with a combined 29% share of total exports. The UK, Russia, Germany, Italy, the Netherlands, Poland, Australia, Brazil, South Africa and China lagged somewhat behind, together accounting for a further 47%.

In terms of the main countries of destination, South Africa, with a CAGR of +169.8%, recorded 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, which is down by -5.4% against the previous year. In general, the export price, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 an increase of 120%. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to China ($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 (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Ireland

In 2021, the amount of flywheels and pulleys imported into Ireland soared to X tons, rising by 52% against 2020. Overall, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys imports surged to $X in 2021. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), China (X tons) and the UK (X tons) were the main suppliers of flywheels and pulleys imports to Ireland, with a combined 50% share of total imports. These countries were followed by Germany, Poland, France, India and the United States, which together accounted for a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +51.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys suppliers to Ireland were France ($X), Poland ($X) and the UK ($X), together accounting for 65% of total imports.

France, with a CAGR of +65.0%, 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, with an increase of 6% against the previous year. In general, the import price enjoyed strong growth. The growth pace was the most rapid in 2020 when the average import price increased by 39%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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