Southern Asia: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Southern Asia

The South Asian flywheels and pulleys market dropped to $X in 2021, standing approx. at the previous year. The market value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then reduced modestly in the following year.

Flywheels And Pulleys Production in Southern Asia

In value terms, flywheels and pulleys production declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 29%. Over the period under review, production attained the maximum level at $X in 2020, and then shrank modestly in the following year.

Flywheels And Pulleys Exports

Exports in Southern Asia

In 2021, shipments abroad of flywheels and pulleys increased by 31% to X tons for the first time since 2018, thus ending a two-year declining trend. Total exports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, flywheels and pulleys exports soared to $X in 2021. The total export value increased at an average annual rate of +4.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together resulting at 100% of total export.

India was also the fastest-growing in terms of the flywheels and pulleys exports, with a CAGR of +1.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest flywheels and pulleys supplier in Southern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +4.6%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, increasing by 4.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2013 when the export price increased by 29% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +2.7% per year.

Flywheels And Pulleys Imports

Imports in Southern Asia

In 2021, purchases abroad of flywheels and pulleys was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports posted a notable increase. The growth pace was the most rapid in 2017 when imports increased by 58% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, flywheels and pulleys imports skyrocketed to $X in 2021. Total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -21.3% against 2018 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 42% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India dominates imports structure, amounting to X tons, which was approx. 93% of total imports in 2021. The following importers - Sri Lanka (X tons) and Bangladesh (X tons) - each recorded a 4.3% share of total imports.

Imports into India increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Bangladesh (+8.2%) and Sri Lanka (+5.1%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +8.2% from 2012-2021. India (-1.8 p.p.) significantly weakened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported flywheels and pulleys in Southern Asia, comprising 93% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 2.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in India totaled +1.4%. In the other countries, the average annual rates were as follows: Sri Lanka (+4.3% per year) and Bangladesh (+5.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, rising by 2.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 14% 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.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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