Luxembourg: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Luxembourg

For the third consecutive year, the Luxembourg flywheels and pulleys market recorded growth in sales value, which increased by 18% to $X in 2021. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Flywheels and pulleys consumption peaked in 2021 and is expected to retain growth in the near future.

Flywheels And Pulleys Production in Luxembourg

In value terms, flywheels and pulleys production reached $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 36%. Flywheels and pulleys production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Flywheels And Pulleys Exports

Exports from Luxembourg

In 2021, overseas shipments of flywheels and pulleys decreased by -46.1% to X tons, falling for the second consecutive year after three years of growth. In general, exports showed a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 196%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, flywheels and pulleys exports dropped sharply to $X in 2021. Overall, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by 92% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Belgium (X tons) and Germany (X tons) were the main destinations of flywheels and pulleys exports from Luxembourg, with a combined 70% share of total exports. The United States, China, Turkey, the Czech Republic and the Netherlands lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +39.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flywheels and pulleys exported from Luxembourg were Belgium ($X), France ($X) and Germany ($X), with a combined 44% share of total exports. These countries were followed by the United States, the Czech Republic, Turkey, China and the Netherlands, which together accounted for a further 13%.

Turkey, with a CAGR of +22.8%, recorded the highest growth rate of the value of exports, in terms of 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, surging by 41% against the previous year. In general, the export price, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2020 an increase of 54% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the 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 the Netherlands ($X per ton), while the average price for exports to France ($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 the Czech Republic (-0.9%), while the prices for the other major destinations experienced a decline.

Flywheels And Pulleys Imports

Imports into Luxembourg

Flywheels and pulleys imports into Luxembourg skyrocketed to X tons in 2021, growing by 45% on 2020. In general, imports posted prominent growth. The pace of growth was the most pronounced in 2015 with an increase of 86% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, flywheels and pulleys imports skyrocketed to $X in 2021. Overall, imports enjoyed a remarkable increase. The growth pace was the most rapid in 2016 when imports increased by 49%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of flywheels and pulleys to Luxembourg, with a 58% share of total imports. Moreover, flywheels and pulleys imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. Belgium (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Italy stood at +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.5% per year) and Belgium (+13.2% per year).

In value terms, Italy ($X), Belgium ($X) and Germany ($X) constituted the largest flywheels and pulleys suppliers to Luxembourg, together comprising 86% of total imports.

Belgium, with a CAGR of +15.3%, recorded the highest growth rate of the value of imports, in terms of 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, therefore, remained relatively stable against the previous year. Over the period under review, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained 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 ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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