Portugal: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Portugal

After six years of decline, the Portuguese flywheels and pulleys market increased by 5.3% to $X in 2021. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Flywheels And Pulleys Production in Portugal

In value terms, flywheels and pulleys production totaled $X in 2021 estimated in export price. In general, production, however, showed a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 9.5% against the previous year. Flywheels and pulleys production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Flywheels And Pulleys Exports

Exports from Portugal

In 2021, the amount of flywheels and pulleys exported from Portugal contracted dramatically to X tons, waning by -32.7% compared with the previous year. In general, exports faced a significant contraction. The pace of growth was the most pronounced in 2016 with an increase of 568%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, flywheels and pulleys exports reduced to $X in 2021. Overall, exports faced a deep contraction. The pace of growth was the most pronounced in 2013 with an increase of 281%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X tons), Spain (X tons) and Angola (X tons) were the main destinations of flywheels and pulleys exports from Portugal, together comprising 78% of total exports. France, Cabo Verde, Mozambique, the Netherlands, Poland, Sri Lanka and South Korea lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +89.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Angola ($X) and Germany ($X) constituted the largest markets for flywheels and pulleys exported from Portugal worldwide, with a combined 63% share of total exports. France, the Netherlands, Poland, Mozambique, Sri Lanka, Cabo Verde and South Korea lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, France, with a CAGR of +87.1%, 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, with an increase of 39% against the previous year. Overall, the export price showed resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 186% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

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

Flywheels And Pulleys Imports

Imports into Portugal

After four years of decline, purchases abroad of flywheels and pulleys increased by 6.1% to X tons in 2021. In general, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2013 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, flywheels and pulleys imports stood at $X in 2021. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 19% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Italy (X tons) and Spain (X tons) were the main suppliers of flywheels and pulleys imports to Portugal, together accounting for 75% of total imports. These countries were followed by Germany, Poland, China, Belgium and the Netherlands, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +78.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys suppliers to Portugal were Spain ($X), South Korea ($X) and Italy ($X), together accounting for 71% of total imports. These countries were followed by Germany, Poland, Belgium, China and the Netherlands, which together accounted for a further 21%.

Poland, with a CAGR of +84.2%, saw 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, reducing by -2.1% against the previous year. In general, the import price, however, continues to indicate strong growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 32% against the previous year. The import price peaked at $X per ton in 2020, and then declined slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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