United Kingdom: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in the UK

In 2021, the UK flywheels and pulleys market decreased by -5% to $X, falling for the third consecutive year after two years of growth. In general, consumption recorded a slight contraction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Flywheels And Pulleys Production in the UK

In value terms, flywheels and pulleys production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 406% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Flywheels And Pulleys Exports

Exports from the UK

After two years of decline, overseas shipments of flywheels and pulleys increased by 17% to X tons in 2021. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2015 when exports increased by 34% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, flywheels and pulleys exports skyrocketed to $X in 2021. Overall, total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 32%. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Germany (X tons) and Brazil (X tons) were the main destinations of flywheels and pulleys exports from the UK, with a combined 43% share of total exports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +55.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Slovakia ($X) were the largest markets for flywheels and pulleys exported from the UK worldwide, with a combined 40% share of total exports.

China, with a CAGR of +43.6%, recorded the highest growth rate of 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, picking up by 13% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average export price increased by 24%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

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 Belgium ($X per ton), while the average price for exports to India ($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 Belgium (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into the UK

In 2021, supplies from abroad of flywheels and pulleys decreased by -14.5% to X tons, falling for the third year in a row after two years of growth. Overall, imports showed a pronounced setback. The growth pace was the most rapid in 2018 with an increase of 57%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, flywheels and pulleys imports amounted to $X in 2021. In general, imports showed a slight setback. The pace of growth appeared the most rapid in 2014 when imports increased by 16% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest flywheels and pulleys supplier to the UK, accounting for a 33% share of total imports. Moreover, flywheels and pulleys imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. China (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 -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+5.0% per year) and China (+3.1% per year).

In value terms, Germany ($X) constituted the largest supplier of flywheels and pulleys to the UK, comprising 44% of total imports. The second position in the ranking was held by Italy ($X), with a 14% share of total imports. It was followed by China, with a 9% share.

From 2012 to 2021, the average annual growth rate of value from Germany totaled -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+3.8% per year) and China (+3.5% per year).

Import Prices by Country

In 2021, the average flywheels and pulleys import price amounted to $X per ton, growing by 18% against the previous year. Overall, import price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flywheels and pulleys import price increased by +78.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 51% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+13.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :