U.S.: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in the U.S.

In 2021, after three years of growth, there was significant decline in the U.S. flywheels and pulleys market, when its value decreased by -10.9% to $X. Overall, consumption posted a prominent increase. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Flywheels And Pulleys Production in the U.S.

In value terms, flywheels and pulleys production contracted markedly to $X in 2021. Overall, production, however, saw strong growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 64%. As a result, production attained the peak level of $X, and then reduced sharply in the following year.

Flywheels And Pulleys Exports

Exports from the U.S.

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. In general, exports, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 186%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, flywheels and pulleys exports rose significantly to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 182%. 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

Mexico (X tons) was the main destination for flywheels and pulleys exports from the United States, with a 65% share of total exports. Moreover, flywheels and pulleys exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), ninefold. Germany (X tons) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico stood at -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-25.4% per year) and Germany (+0.9% per year).

In value terms, the largest markets for flywheels and pulleys exported from the United States were Canada ($X), Mexico ($X) and Japan ($X), together accounting for 64% of total exports. These countries were followed by Germany, France, China and India, which together accounted for a further 8.1%.

Germany, with a CAGR of +8.3%, recorded the highest rates of growth with regard to 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, remaining relatively unchanged against the previous year. Over the period under review, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 an increase of 226%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to India ($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 Canada (+31.8%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into the U.S.

In 2021, the amount of flywheels and pulleys imported into the United States skyrocketed to X tons, increasing by 24% on the previous year. Overall, imports posted a prominent expansion. The pace of growth was the most pronounced in 2019 when imports increased by 60% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, flywheels and pulleys imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest flywheels and pulleys supplier to the United States, accounting for a 36% share of total imports. Moreover, flywheels and pulleys imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), threefold. South Korea (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.7% per year) and South Korea (+20.0% per year).

In value terms, the largest flywheels and pulleys suppliers to the United States were China ($X), Japan ($X) and Canada ($X), with a combined 59% share of total imports. South Korea, Germany, Mexico and India lagged somewhat behind, together accounting for a further 26%.

South Korea, with a CAGR of +10.0%, recorded the highest growth rate of 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 1.9% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 an increase of 16%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+0.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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