Northern America: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Northern America

After three years of growth, the North American flywheels and pulleys market decreased by -9.1% to $X in 2021. Over the period under review, consumption saw a buoyant increase. As a result, consumption attained the peak level of $X, and then declined in the following year.

Flywheels And Pulleys Production in Northern America

In value terms, flywheels and pulleys production contracted markedly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 57% against the previous year. As a result, production reached the peak level of $X, and then contracted sharply in the following year.

Flywheels And Pulleys Exports

Exports in Northern America

In 2021, overseas shipments of flywheels and pulleys decreased by -2.9% to X tons, falling for the sixth consecutive year after four years of growth. Overall, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 108%. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, flywheels and pulleys exports rose remarkably to $X in 2021. Over the period under review, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2014 when exports increased by 105% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Canada was the largest exporting country with an export of about X tons, which finished at 64% of total exports. It was distantly followed by the United States (X tons), constituting a 36% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Canada (with a CAGR of -3.1%).

In value terms, the largest flywheels and pulleys supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, the United States, with a CAGR of +0.3%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 9.8% against the previous year. In general, the export price showed resilient growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 75%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.2%).

Flywheels And Pulleys Imports

Imports in Northern America

In 2021, the amount of flywheels and pulleys imported in Northern America skyrocketed to X tons, growing by 20% compared with the previous year. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% 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 -4.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 69%. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, flywheels and pulleys imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 95%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X tons) was the main importer of flywheels and pulleys, creating 84% of total imports. It was distantly followed by Canada (X tons), achieving a 16% share of total imports.

The United States was also the fastest-growing in terms of the flywheels and pulleys imports, with a CAGR of +7.0% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+11 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-11 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported flywheels and pulleys in Northern America, comprising 77% of total imports. The second position in the ranking was taken by Canada ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2014 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (-1.1%).

Source: IndexBox Platform

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