Sweden: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Sweden

After two years of decline, the Swedish flywheels and pulleys market increased by 9% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Flywheels And Pulleys Exports

Exports from Sweden

In 2021, shipments abroad of flywheels and pulleys was finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 116% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, flywheels and pulleys exports skyrocketed to $X in 2021. In general, total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons), Slovenia (X tons) and Japan (X tons) were the main destinations of flywheels and pulleys exports from Sweden, with a combined 34% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +100.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flywheels and pulleys exported from Sweden were the United States ($X), Norway ($X) and Germany ($X), together comprising 40% of total exports. Finland, the Netherlands, Denmark, the UK, France, Bulgaria, Belgium, Slovenia, Japan and Brazil lagged somewhat behind, together comprising a further 37%.

Slovenia, with a CAGR of +86.0%, recorded the highest rates of growth with regard to the value of exports, in terms of 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, dropping by -2.1% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flywheels and pulleys export price increased by +144.9% against 2015 indices. The growth pace was the most rapid in 2016 when the average export price increased by 41% against the previous year. The export price peaked at $X per ton in 2020, and then fell in the following year.

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 Denmark ($X per ton), while the average price for exports to Japan ($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 the United States (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Sweden

In 2021, overseas purchases of flywheels and pulleys were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 31% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, flywheels and pulleys imports skyrocketed to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest flywheels and pulleys supplier to Sweden, accounting for a 36% share of total imports. Moreover, flywheels and pulleys imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. France (X tons) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+24.1% per year) and France (+3.1% per year).

In value terms, Germany ($X), China ($X) and the UK ($X) constituted the largest flywheels and pulleys suppliers to Sweden, with a combined 59% share of total imports.

Among the main suppliers, China, with a CAGR of +33.7%, 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, surging by 10% against the previous year. In general, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 13% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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 Slovenia ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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