Report Update: May 1, 2024

Hong Kong SAR, China - Flywheels And Pulleys - Market Analysis, Forecast, Size, Trends And Insights

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Flywheels and Pulleys Price in Hong Kong SAR - 2023

Flywheels and Pulleys Price in Hong Kong SAR (CIF) - 2022

The average flywheels and pulleys import price stood at $14,971 per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a slight shrinkage. The growth pace was the most rapid in 2014 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $19,288 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($14,862 per ton) and Estonia ($14,862 per ton), while the price for France ($14,859 per ton) and Taiwan (Chinese) ($14,861 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+3.4%), while the prices for the other major suppliers experienced a decline.

Flywheels and Pulleys Price in Hong Kong SAR (FOB) - 2022

The average flywheels and pulleys export price stood at $18,071 per ton in 2022, waning by -8.7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 6.5%. The export price peaked at $20,360 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($18,121 per ton) and the United States ($18,072 per ton), while the average price for exports to Singapore ($18,069 per ton) and Malaysia ($18,069 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+0.6%), while the prices for the other major destinations experienced a decline.

Flywheels and Pulleys Imports in Hong Kong SAR

In 2022, the amount of flywheels and pulleys imported into Hong Kong SAR fell rapidly to 220 tons, shrinking by -28.1% compared with the year before. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of 306 tons, and then fell sharply in the following year.

In value terms, flywheels and pulleys imports contracted remarkably to $3.3M in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 38%. As a result, imports attained the peak of $4.6M, and then reduced sharply in the following year.

Import of Flywheels and Pulleys in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Singapore	236	273	657	682	42.4%
Malaysia	411	387	1,022	575	11.8%
United States	226	224	503	495	29.9%
Japan	794	452	477	371	-22.4%
Germany	493	116	238	289	-16.3%
China	263	267	394	221	-5.6%
Estonia	N/A	N/A	47.1	171	263.1%
Taiwan (Chinese)	111	89.5	136	152	11.0%
France	78.5	1,023	85.2	27.9	-29.2%
Others	757	512	1,057	312	-25.6%
Total	3,370	3,343	4,617	3,295	-0.7%

Top Suppliers of Flywheels and Pulleys to Hong Kong SAR in 2022:

Singapore (45.9 tons)
Malaysia (38.7 tons)
United States (33.3 tons)
Japan (24.9 tons)
Germany (19.4 tons)
China (14.9 tons)
Estonia (11.5 tons)
Taiwan (Chinese) (10.3 tons)
France (1.9 tons)

Flywheels and Pulleys Exports in Hong Kong SAR

Flywheels and pulleys exports from Hong Kong SAR contracted to 117 tons in 2022, with a decrease of -13.9% on the previous year's figure. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 33%.

In value terms, flywheels and pulleys exports reduced markedly to $2.1M in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 41% against the previous year. As a result, the exports attained the peak of $2.7M, and then fell sharply in the following year.

Export of Flywheels and Pulleys in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	838	954	1,737	1,451	20.1%
Netherlands	209	192	261	207	-0.3%
Japan	414	269	168	131	-31.9%
United States	70.5	34.4	85.6	68.3	-1.1%
Singapore	269	85.9	129	62.3	-38.6%
France	16.3	18.0	40.6	44.5	39.8%
Malaysia	43.4	33.8	58.4	34.7	-7.2%
Thailand	132	2.0	15.4	29.5	-39.3%
Philippines	186	120	110	4.5	-71.1%
Vietnam	307	125	43.1	2.5	-79.9%
Others	145	59.9	29.8	71.4	-21.0%
Total	2,629	1,894	2,678	2,106	-7.1%

Top Export Markets for Flywheels and Pulleys from Hong Kong SAR in 2022:

China (80.3 tons)
Netherlands (11.4 tons)
Japan (7.3 tons)
United States (3.8 tons)
Singapore (3.4 tons)
France (2.5 tons)
Malaysia (1.9 tons)
Thailand (1.6 tons)
Philippines (0.2 tons)
Vietnam (0.1 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the flywheels and pulleys market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28152500 - Flywheels and pulleys (including pulley blocks)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023