Brazil: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in Brazil

The Brazilian market for toothed wheels, chain sprockets and other transmission elements was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption enjoyed a resilient increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Toothed wheels, chain sprockets and other transmission elements in Brazil

In value terms, production of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021 estimated in export price. In general, production continues to indicate a strong expansion. The growth pace was the most rapid in 2018 when the production volume increased by 41% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production of growth remained at a somewhat lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Brazil

In 2021, approx. X tons of toothed wheels, chain sprockets and other transmission elements were exported from Brazil; surging by 2.8% compared with the previous year. Overall, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 30% against the previous year. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements totaled $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 17% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Brazil, with a 47% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to the United States exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. Germany (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -10.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+46.6% per year) and Germany (+0.2% per year).

In value terms, the United States ($X) remains the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Brazil, comprising 49% of total exports. The second position in the ranking was held by Germany ($X), with an 8.8% share of total exports. It was followed by Mexico, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-1.5% per year) and Mexico (+22.5% per year).

Export Prices by Country

In 2021, the average export price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, increasing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.7%. The pace of growth was the most pronounced in 2013 when the average export price increased by 44%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Brazil

In 2021, approx. X tons of toothed wheels, chain sprockets and other transmission elements were imported into Brazil; rising by 59% on 2020. In general, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest toothed wheels, chain sprockets and other transmission elements supplier to Brazil, accounting for a 30% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+17.9% per year) and the United States (+1.3% per year).

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to Brazil were the United States ($X), China ($X) and Germany ($X), together comprising 54% of total imports. Italy, France, Japan, South Korea, Sweden, Belgium, India, Spain, Turkey and Switzerland lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, South Korea, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, picking up by 4% against the previous year. In general, the import price, however, saw a slight downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+16.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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