South-Eastern Asia: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in South-Eastern Asia

The Southeast Asian flywheels and pulleys market skyrocketed to $X in 2021, rising by 30% against the previous year. Over the period under review, consumption, however, saw a perceptible slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Flywheels And Pulleys Production in South-Eastern Asia

In value terms, flywheels and pulleys production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a perceptible curtailment. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Flywheels And Pulleys Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of flywheels and pulleys was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. The total export volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, flywheels and pulleys exports stood at $X in 2021. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 27%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Thailand (X tons) represented the key exporter of flywheels and pulleys, achieving 55% of total exports. Indonesia (X tons) held the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held approx. 39% share of total exports. Vietnam (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of +20.7%), while the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) remains the largest flywheels and pulleys supplier in South-Eastern Asia, comprising 55% of total exports. The second position in the ranking was taken by Singapore ($X), with a 22% share of total exports. It was followed by Indonesia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Thailand was relatively modest. In the other countries, the average annual rates were as follows: Singapore (+0.8% per year) and Indonesia (-5.9% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, which is down by -24.6% against the previous year. In general, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2019 when the export price increased by 23% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.2%), while the other leaders experienced a decline in the export price figures.

Flywheels And Pulleys Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of flywheels and pulleys increased by 73% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.7% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys imports soared to $X in 2021. Overall, imports saw a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Thailand represented the major importer of flywheels and pulleys in South-Eastern Asia, with the volume of imports finishing at X tons, which was approx. 69% of total imports in 2021. It was distantly followed by Indonesia (X tons), Singapore (X tons), Malaysia (X tons) and Vietnam (X tons), together making up a 29% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to flywheels and pulleys imports into Thailand stood at +12.1%. At the same time, Vietnam (+23.3%), Singapore (+6.6%) and Malaysia (+4.4%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +23.3% from 2012-2021. By contrast, Indonesia (-5.9%) illustrated a downward trend over the same period. While the share of Thailand (+24 p.p.) and Vietnam (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Indonesia (-26.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported flywheels and pulleys in South-Eastern Asia, comprising 50% of total imports. The second position in the ranking was held by Singapore ($X), with a 14% share of total imports. It was followed by Indonesia, with a 13% share.

In Thailand, flywheels and pulleys imports remained relatively stable over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+5.8% per year) and Indonesia (-7.7% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2021, shrinking by -21.8% against the previous year. Over the period under review, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 17% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

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 Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (-0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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