Australia: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in Australia

For the third year in a row, the Australian flywheels and pulleys market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a slight downturn. Flywheels and pulleys consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Flywheels And Pulleys Exports

Exports from Australia

In 2022, the amount of flywheels and pulleys exported from Australia declined remarkably to X tons, falling by X% on the year before. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, flywheels and pulleys exports shrank markedly to $X in 2022. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Papua New Guinea (X tons), New Zealand (X tons) and Indonesia (X tons) were the main destinations of flywheels and pulleys exports from Australia, with a combined X% share of total exports. The United States, New Caledonia, South Korea, Singapore, Canada, China, Thailand, Belgium, Peru and Chile lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Papua New Guinea ($X), New Zealand ($X) and Indonesia ($X) constituted the largest markets for flywheels and pulleys exported from Australia worldwide, with a combined X% share of total exports. The United States, New Caledonia, South Korea, Singapore, Canada, China, Thailand, Belgium, Peru and Chile lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, 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

The average flywheels and pulleys export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and Canada ($X per ton), while the average price for exports to Peru ($X per ton) and Chile ($X 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 New Zealand (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into Australia

In 2022, supplies from abroad of flywheels and pulleys increased by X% to X tons, rising for the second year in a row after eight years of decline. Overall, imports, however, continue to indicate a abrupt setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, flywheels and pulleys imports rose sharply to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

The United States (X tons), China (X tons) and Germany (X tons) were the main suppliers of flywheels and pulleys imports to Australia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest flywheels and pulleys suppliers to Australia were the United States ($X), China ($X) and Germany ($X), together comprising X% of total imports.

The United States, with a CAGR of X%, saw the highest rates of growth with regard to 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 2022, the average flywheels and pulleys import price amounted to $X per ton, dropping by X% against the previous year. In general, the import price, however, showed a prominent increase. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($X per ton) and the United States ($X per ton), while the price for South Korea ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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