EU: Market for Toothed wheels, chain sprockets and other transmission elements 2025

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

After two years of decline, the EU market for toothed wheels, chain sprockets and other transmission elements increased by 22% to $X in 2021. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in the EU

In 2021, after two years of decline, there was significant growth in shipments abroad of toothed wheels, chain sprockets and other transmission elements, when their volume increased by 18% to X tons. The total export volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained 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 +3.9% 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

In 2021, Germany (X tons) was the key exporter of toothed wheels, chain sprockets and other transmission elements, constituting 48% of total exports. It was distantly followed by Italy (X tons), the Czech Republic (X tons), Poland (X tons) and Slovakia (X tons), together mixing up a 30% share of total exports. France (X tons), Slovenia (X tons), Belgium (X tons), Austria (X tons), Spain (X tons) and the Netherlands (X tons) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to toothed wheels, chain sprockets and other transmission elements exports from Germany stood at +3.0%. At the same time, the Czech Republic (+11.2%), Italy (+8.2%), Slovakia (+8.2%), Poland (+6.3%), Slovenia (+4.5%), Spain (+1.3%) and France (+1.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +11.2% from 2012-2021. Austria and the Netherlands experienced a relatively flat trend pattern. By contrast, Belgium (-1.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Italy and the Czech Republic increased by +3.5 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest toothed wheels, chain sprockets and other transmission elements supplier in the European Union, comprising 52% of total exports. The second position in the ranking was held by Italy ($X), with an 11% share of total exports. It was followed by France, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +3.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+6.6% per year) and France (+1.3% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, approximately mirroring the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 5.3% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 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 the Netherlands ($X per ton), while Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.3%), while the other leaders experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in the EU

In 2021, overseas purchases of toothed wheels, chain sprockets and other transmission elements were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total import 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, imports attained 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 soared to $X in 2021. The total import value increased at an average annual rate of +4.2% 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

In 2021, Germany (X tons) represented the main importer of toothed wheels, chain sprockets and other transmission elements, achieving 41% of total imports. Italy (X tons) ranks second in terms of the total imports with an 11% share, followed by the Czech Republic (7.4%), Poland (6.9%) and France (4.9%). The following importers - Belgium (X tons), Spain (X tons), Sweden (X tons), Austria (X tons), the Netherlands (X tons), Slovakia (X tons), Hungary (X tons) and Romania (X tons) - together made up 24% of total imports.

Imports into Germany increased at an average annual rate of +4.8% from 2012 to 2021. At the same time, the Czech Republic (+13.2%), Poland (+12.7%), Spain (+12.7%), Italy (+9.5%), Romania (+9.3%), the Netherlands (+5.4%), Hungary (+4.8%), Austria (+4.2%) and Belgium (+2.7%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +13.2% from 2012-2021. By contrast, France (-1.3%), Slovakia (-4.9%) and Sweden (-5.2%) illustrated a downward trend over the same period. While the share of the Czech Republic (+3.7 p.p.), Italy (+3.4 p.p.), Poland (+3.3 p.p.) and Spain (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of France (-3.6 p.p.), Slovakia (-3.9 p.p.) and Sweden (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported toothed wheels, chain sprockets and other transmission elements in the European Union, comprising 39% of total imports. The second position in the ranking was taken by Poland ($X), with an 8.5% share of total imports. It was followed by Italy, with a 7.5% share.

In Germany, imports of toothed wheels, chain sprockets and other transmission elements expanded at an average annual rate of +3.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+12.8% per year) and Italy (+7.1% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, approximately reflecting the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 4.4% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Austria ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+12.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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