South Africa: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in South Africa

The South African flywheels and pulleys market rose markedly to $X in 2021, with an increase of 5.8% against the previous year. Overall, the total consumption indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.6% against 2016 indices. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Flywheels And Pulleys Production in South Africa

In value terms, flywheels and pulleys production stood at $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -2.8% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 72% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Flywheels And Pulleys Exports

Exports from South Africa

In 2021, flywheels and pulleys exports from South Africa totaled X tons, leveling off at 2020. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 72% against the previous year. 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 fell to $X in 2021. Overall, exports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2019 when exports increased by 64% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo (X tons) was the main destination for flywheels and pulleys exports from South Africa, accounting for a 28% share of total exports. Moreover, flywheels and pulleys exports to Democratic Republic of the Congo exceeded the volume sent to the second major destination, Germany (X tons), fourfold. The third position in this ranking was taken by Zimbabwe (X tons), with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Democratic Republic of the Congo amounted to +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-18.8% per year) and Zimbabwe (-7.9% per year).

In value terms, Democratic Republic of the Congo ($X) emerged as the key foreign market for flywheels and pulleys exports from South Africa, comprising 28% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.4% share of total exports. It was followed by Zimbabwe, with a 5.6% share.

From 2012 to 2021, the average annual growth rate of value to Democratic Republic of the Congo totaled +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.5% per year) and Zimbabwe (+1.8% per year).

Export Prices by Country

In 2021, the average flywheels and pulleys export price amounted to $X per ton, with a decrease of -8.8% against the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 72% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per ton) and Chile ($X per ton), while the average price for exports to Australia ($X per ton) and Zambia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Botswana (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into South Africa

In 2021, approx. X tons of flywheels and pulleys were imported into South Africa; with an increase of 32% compared with the previous year's figure. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. 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. The total import value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main suppliers of flywheels and pulleys imports to South Africa, with a combined 59% share of total imports. Hungary, Italy, Thailand, India, Japan, France, Canada and the UK lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +32.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys suppliers to South Africa were China ($X), Germany ($X) and the United States ($X), with a combined 59% share of total imports. Hungary, Italy, Thailand, India, Japan, France, Canada and the UK lagged somewhat behind, together comprising a further 29%.

India, with a CAGR of +15.2%, 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 7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 7.4% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from India ($X per ton) and the United States ($X per ton), while the price for the UK ($X per ton) and Thailand ($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 (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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