Malaysia: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Malaysia

In 2021, the Malaysian flywheels and pulleys market increased by 51% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, the total consumption indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Flywheels And Pulleys Exports

Exports from Malaysia

For the fourth consecutive year, Malaysia recorded growth in shipments abroad of flywheels and pulleys, which increased by 3.9% to X tons in 2021. In general, exports, however, continue to indicate a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of 30%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, flywheels and pulleys exports stood at $X in 2021. Overall, exports, however, continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 27%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X tons), Thailand (X tons) and Brazil (X tons) were the main destinations of flywheels and pulleys exports from Malaysia, together comprising 66% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of +53.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flywheels and pulleys exported from Malaysia were Singapore ($X), Thailand ($X) and Brazil ($X), together comprising 65% of total exports.

Among the main countries of destination, Brazil, with a CAGR of +53.4%, 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

The average flywheels and pulleys export price stood at $X per ton in 2021, picking up by 9.6% against the previous year. In general, the export price showed a relatively flat trend pattern. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per ton), while the average price for exports to Australia ($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 United Arab Emirates (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Malaysia

In 2021, the amount of flywheels and pulleys imported into Malaysia surged to X tons, rising by 45% against the previous year. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 89%. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, flywheels and pulleys imports surged to $X in 2021. In general, total imports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 98% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of flywheels and pulleys imports to Malaysia, with a combined 68% share of total imports. These countries were followed by Indonesia, Thailand, the United States, Italy, Singapore, Taiwan (Chinese) and South Korea, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +19.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Germany ($X) were the largest flywheels and pulleys suppliers to Malaysia, together accounting for 69% of total imports. Indonesia, Thailand, the United States, Italy, Singapore, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further 24%.

Italy, with a CAGR of +18.6%, recorded the highest growth rate of 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

The average flywheels and pulleys import price stood at $X per ton in 2021, flattening at the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 16%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Indonesia ($X per ton) and Japan ($X per ton), while the price for Singapore ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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