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

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

In 2021, the Europe market for toothed wheels, chain sprockets and other transmission elements increased by 23% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum 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 Europe

In value terms, production of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The level of production peaked 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 Europe

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 +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 surged to $X in 2021. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the largest exporting country with an export of about X tons, which reached 46% of total exports. It was distantly followed by Italy (X tons), the Czech Republic (X tons) and Poland (X tons), together generating a 25% share of total exports. Slovakia (X tons), France (X tons), Slovenia (X tons), Belgium (X tons), Austria (X tons), Switzerland (X tons), Spain (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

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 Europe, with a CAGR of +11.2% from 2012-2021. Austria and the Netherlands experienced a relatively flat trend pattern. By contrast, Belgium (-1.1%) and Switzerland (-2.5%) illustrated a downward trend over the same period. While the share of Italy (+3.6 p.p.) and the Czech Republic (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Switzerland (-1.5 p.p.) and Germany (-2.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest toothed wheels, chain sprockets and other transmission elements supplier in Europe, comprising 48% of total exports. The second position in the ranking was taken by Italy ($X), with a 10% share of total exports. It was followed by France, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +3.9%. In the other countries, the average annual rates were as follows: Italy (+6.6% per year) and France (+1.3% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2021, approximately mirroring the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 5.1%. As a result, the export price attained 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 Switzerland ($X per ton), while Slovenia ($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 Europe

In 2021, after two years of decline, there was significant growth in supplies from abroad of toothed wheels, chain sprockets and other transmission elements, when their volume increased by 23% to X tons. The total import volume increased at an average annual rate of +4.8% 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 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

In 2021, Germany (X tons) represented the main importer of toothed wheels, chain sprockets and other transmission elements, achieving 38% of total imports. Italy (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), Poland (X tons) and France (X tons). All these countries together held near 28% share of total imports. The following importers - Belgium (X tons), Spain (X tons), Sweden (X tons), the UK (X tons), Austria (X tons), Russia (X tons), the Netherlands (X tons) and Slovakia (X tons) - together made up 23% 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 Germany stood at +4.8%. At the same time, the Czech Republic (+13.2%), Poland (+12.7%), Spain (+12.7%), Italy (+9.5%), Russia (+5.7%), the Netherlands (+5.4%), Austria (+4.2%) and Belgium (+2.7%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of +13.2% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, France (-1.3%), Slovakia (-4.9%) and Sweden (-5.2%) illustrated a downward trend over the same period. The Czech Republic (+3.4 p.p.), Italy (+3.3 p.p.) and Poland (+3 p.p.) significantly strengthened its position in terms of the total imports, while France, Slovakia and Sweden saw its share reduced by -3.2%, -3.5% and -4.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported toothed wheels, chain sprockets and other transmission elements in Europe, comprising 34% of total imports. The second position in the ranking was taken by Poland ($X), with a 7.4% share of total imports. It was followed by Italy, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany stood at +3.9%. 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 Europe stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 4.1%. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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