United Kingdom: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in the UK

After three years of decline, the UK flywheels and pulleys market increased by X% to $X in 2022. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Flywheels And Pulleys Production in the UK

In value terms, flywheels and pulleys production declined modestly to $X in 2022 estimated in export price. Overall, production saw a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Flywheels And Pulleys Exports

Exports from the UK

In 2022, the amount of flywheels and pulleys exported from the UK dropped sharply to X tons, shrinking by X% against 2021 figures. Over the period under review, exports, however, recorded a temperate expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports 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 contracted rapidly to $X in 2022. In general, total exports indicated a buoyant expansion 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. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Germany (X tons) and the United States (X tons) were the main destinations of flywheels and pulleys exports from the UK, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for flywheels and pulleys exported from the UK were Germany ($X), China ($X) and the United States ($X), together comprising X% of total exports.

Among the main countries of destination, China, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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, increasing 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 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into the UK

In 2022, overseas purchases of flywheels and pulleys were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, recorded a mild downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, flywheels and pulleys imports reached $X in 2022. Over the period under review, imports, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Italy (X tons) and China (X tons) were the main suppliers of flywheels and pulleys imports to the UK, with a combined X% share of total imports. Canada, Japan, India, Hungary, Turkey, Spain, Poland, the United States, France and Slovenia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest flywheels and pulleys suppliers to the UK were Germany ($X), Italy ($X) and China ($X), with a combined X% share of total imports. Hungary, the United States, Canada, Japan, Turkey, Spain, India, France, Poland and Slovenia lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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, shrinking by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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