CIS: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in CIS

After two years of growth, the CIS flywheels and pulleys market decreased by X% to $X in 2022. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Flywheels And Pulleys Production in CIS

In value terms, flywheels and pulleys production totaled $X in 2022 estimated in export price. Overall, production saw a mild decrease. The growth pace was the most rapid in 2013 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Flywheels And Pulleys Exports

Exports in CIS

In 2022, shipments abroad of flywheels and pulleys decreased by X% to X tons, falling for the fourth consecutive year after four years of growth. In general, exports, however, saw a strong expansion. The pace of growth was the most pronounced in 2017 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, flywheels and pulleys exports dropped significantly to $X in 2022. Over the period under review, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Belarus represented the key exporting country with an export of around X tons, which reached X% of total exports. Armenia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Russia (X%) and Kazakhstan (X%).

Exports from Belarus increased at an average annual rate of X% from 2012 to 2022. At the same time, Armenia (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Armenia and Kazakhstan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) emerged as the largest flywheels and pulleys supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belarus totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%), while the other leaders experienced mixed trends in the export price figures.

Flywheels And Pulleys Imports

Imports in CIS

Flywheels and pulleys imports reduced remarkably to X tons in 2022, dropping by X% against 2021 figures. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, flywheels and pulleys imports dropped dramatically to $X in 2022. Total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021, and then shrank rapidly in the following year.

Imports by Country

Russia was the main importing country with an import of about X tons, which reached X% of total imports. Belarus (X tons) held the second position in the ranking, distantly followed by Kazakhstan (X tons) and Uzbekistan (X tons). All these countries together took near X% share of total imports. Kyrgyzstan (X tons), Azerbaijan (X tons) and Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to flywheels and pulleys imports into Russia stood at X%. At the same time, Kyrgyzstan (X%), Azerbaijan (X%), Moldova (X%), Uzbekistan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Uzbekistan (X p.p.), Kyrgyzstan (X p.p.), Belarus (X p.p.) and Azerbaijan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest flywheels and pulleys importing markets in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), together comprising X% of total imports. Uzbekistan, Moldova, Azerbaijan and Kyrgyzstan lagged somewhat behind, together comprising a further X%.

Moldova, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, declining by X% against the previous year. In general, the import price continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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