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

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

The CIS market for toothed wheels, chain sprockets and other transmission elements was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements stood at $X in 2021 estimated in export price. In general, production, however, recorded a slight slump. The most prominent rate of growth was recorded in 2016 with an increase of 21% against the previous year. Over the period under review, production of attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in CIS

In 2021, the amount of toothed wheels, chain sprockets and other transmission elements exported in the CIS was estimated at X tons, surging by 5.9% compared with 2020. Over the period under review, exports recorded a moderate expansion. The pace of growth appeared the most rapid in 2019 with an increase of 42% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements rose rapidly to $X in 2021. In general, exports enjoyed notable growth. The pace of growth was the most pronounced in 2019 when exports increased by 55% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Russia (X tons) and Belarus (X tons) represented roughly 98% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +5.0%).

In value terms, Russia ($X) remains the largest toothed wheels, chain sprockets and other transmission elements supplier in the CIS, comprising 72% of total exports. The second position in the ranking was held by Belarus ($X), with a 26% share of total exports.

In Russia, exports of toothed wheels, chain sprockets and other transmission elements expanded at an average annual rate of +2.5% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, with an increase of 5.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 15%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+1.1%).

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in CIS

In 2021, approx. X tons of toothed wheels, chain sprockets and other transmission elements were imported in the CIS; increasing by 17% compared with the previous year's figure. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2017 when imports increased by 38%. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +121.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 34% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Russia represented the largest importer of toothed wheels, chain sprockets and other transmission elements in the CIS, with the volume of imports resulting at X tons, which was near 66% of total imports in 2021. Kazakhstan (X tons) held the second position in the ranking, distantly followed by Belarus (X tons). All these countries together took near 28% share of total imports. Uzbekistan (X tons) and Kyrgyzstan (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to toothed wheels, chain sprockets and other transmission elements imports into Russia stood at +5.7%. At the same time, Kyrgyzstan (+19.1%), Kazakhstan (+12.8%) and Belarus (+12.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +19.1% from 2012-2021. By contrast, Uzbekistan (-13.9%) illustrated a downward trend over the same period. While the share of Kazakhstan (+6.2 p.p.), Belarus (+3 p.p.) and Uzbekistan (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-13 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported toothed wheels, chain sprockets and other transmission elements in the CIS, comprising 69% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 18% share of total imports. It was followed by Belarus, with a 7.2% share.

In Russia, imports of toothed wheels, chain sprockets and other transmission elements expanded at an average annual rate of +5.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+9.1% per year) and Belarus (+3.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, increasing by 9.4% against the previous year. In general, the import price, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by 11% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Uzbekistan ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+21.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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