Asia-Pacific: Market for Toothed wheels, chain sprockets and other transmission elements 2025

Market Size for Toothed wheels, chain sprockets and other transmission elements in Asia-Pacific

In 2021, the Asia-Pacific market for toothed wheels, chain sprockets and other transmission elements decreased by -4.6% to $X, falling for the third consecutive year after two years of growth. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.2% against 2018 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Toothed wheels, chain sprockets and other transmission elements in Asia-Pacific

In value terms, production of toothed wheels, chain sprockets and other transmission elements expanded slightly to $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.5% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 24%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in Asia-Pacific

In 2021, overseas shipments of toothed wheels, chain sprockets and other transmission elements increased by 42% to X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. The total export value increased at an average annual rate of +5.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates elements structure, amounting to X tons, which was approx. 78% of total exports in 2021. It was distantly followed by South Korea (X tons), committing a 6.4% share of total exports. Taiwan (Chinese) (X tons), India (X tons), Japan (X tons) and Thailand (X tons) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, Thailand (+11.9%), India (+10.3%), South Korea (+10.2%) and Taiwan (Chinese) (+4.3%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +11.9% from 2012-2021. By contrast, Japan (-1.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of South Korea increased by +2.3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest toothed wheels, chain sprockets and other transmission elements supplier in Asia-Pacific, comprising 63% of total exports. The second position in the ranking was held by Japan ($X), with an 8.9% share of total exports. It was followed by Taiwan (Chinese), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in China totaled +6.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-1.5% per year) and Taiwan (Chinese) (+6.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the export price increased by 5.3%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then shrank slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+1.9%), while the other leaders experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in Asia-Pacific

After two years of decline, overseas purchases of toothed wheels, chain sprockets and other transmission elements increased by 31% to X tons in 2021. The total import volume increased at an average annual rate of +3.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the main importing country with an import of about X tons, which reached 38% of total imports. It was distantly followed by Japan (X tons), Thailand (X tons), South Korea (X tons), India (X tons) and Taiwan (Chinese) (X tons), together comprising a 45% share of total imports. Australia (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of +4.6% from 2012 to 2021. At the same time, India (+11.7%), Thailand (+7.3%), Taiwan (Chinese) (+3.8%), South Korea (+2.2%) and Australia (+2.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +11.7% from 2012-2021. Japan experienced a relatively flat trend pattern. China (+3.7 p.p.), India (+3.6 p.p.) and Thailand (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by -7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported toothed wheels, chain sprockets and other transmission elements in Asia-Pacific, comprising 50% of total imports. The second position in the ranking was held by Thailand ($X), with an 8.4% share of total imports. It was followed by India, with an 8.2% share.

In China, imports of toothed wheels, chain sprockets and other transmission elements increased at an average annual rate of +5.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Thailand (+2.0% per year) and India (+8.1% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, falling by -3.8% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 6.8% against the previous year. The level of import peaked at $X per ton in 2020, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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