Spain: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Spain

The Spanish flywheels and pulleys market surged to $X in 2021, rising by 19% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.3% against 2017 indices. Flywheels and pulleys consumption peaked in 2021 and is likely to see gradual growth in years to come.

Flywheels And Pulleys Production in Spain

In value terms, flywheels and pulleys production declined to $X in 2021 estimated in export price. Over the period under review, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -25.1% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of 139% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Flywheels And Pulleys Exports

Exports from Spain

In 2021, shipments abroad of flywheels and pulleys increased by 40% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, continue to indicate a pronounced decline. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, flywheels and pulleys exports surged to $X in 2021. Over the period under review, exports, however, recorded a mild curtailment. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons), the United States (X tons) and Poland (X tons) were the main destinations of flywheels and pulleys exports from Spain, together comprising 50% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +18.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flywheels and pulleys exported from Spain were Portugal ($X), the United States ($X) and Germany ($X), with a combined 60% share of total exports.

The United States, with a CAGR of +11.3%, saw the highest growth rate of the value of exports, among the main countries of destination 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, which is down by -12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2020 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Poland ($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 France (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Spain

In 2021, the amount of flywheels and pulleys imported into Spain soared to X tons, with an increase of 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, flywheels and pulleys imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.9% 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, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), France (X tons) and China (X tons) were the main suppliers of flywheels and pulleys imports to Spain, with a combined 57% share of total imports. South Korea, Turkey, India, Italy, the United States and Canada lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +54.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys suppliers to Spain were Germany ($X), France ($X) and China ($X), together comprising 59% of total imports. These countries were followed by South Korea, Italy, Turkey, the United States, India and Canada, which together accounted for a further 29%.

In terms of the main suppliers, South Korea, with a CAGR of +43.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average flywheels and pulleys import price stood at $X per ton in 2021, growing by 9% against the previous year. Overall, the import price, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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