In 2023, Germany remained the dominant European exporter of flywheels and pulleys, contributing to over 39% of total exports by weight. Italy and France followed, with shares of approximately 18% and 11%, respectively. Austria experienced a significant rise with a notable year-on-year increase of 17.04%, while Belgium's exports grew by 3.57%. In contrast, Slovenia saw a significant drop by 20.06%, and Denmark's exports fell by 5%. Although overall stable, minor fluctuations among other countries were observed.
Future trends to monitor include the sustained growth in Austria, which suggests a strong competitive push, and a potential rebound strategy from countries like Slovenia and Luxembourg to recover lost ground. Furthermore, technological advancements and shifts in manufacturing hubs within Europe could reshape the export landscape. Watch for emerging economies in Eastern Europe potentially increasing their share.
Top countries in Export of Flywheels and Pulleys Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 39.03 | 2023 | +5.34% | -0.33% | View data |
| 2 | 2 Italy | 17.91 | 2023 | +7.48% | -2.89% | View data |
| 3 | 3 France | 10.52 | 2023 | +3% | +1.89% | View data |
| 4 | 4 Czechia | 6.84 | 2023 | |||
| 5 | 5 Poland | 4.24 | 2023 | +3.21% | +2.46% | View data |
| 6 | 6 Slovakia | 3.73 | 2023 | +0.68% | -0.83% | View data |
| 7 | 7 Belgium | 3.73 | 2023 | +3.91% | +3.57% | View data |
| 8 | 8 Austria | 3.13 | 2023 | +24.84% | +17.04% | View data |
| 9 | 9 Netherlands | 2.34 | 2023 | +5.77% | +2.43% | View data |
| 10 | 10 Spain | 2.1 | 2023 | +6.71% | -0.85% | View data |
