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

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

The Finnish market for toothed wheels, chain sprockets and other transmission elements skyrocketed to $X in 2021, picking up by 25% against the previous year. Over the period under review, consumption showed a relatively flat trend pattern. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements reduced to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 37% against the previous year. Production of peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Finland

In 2021, overseas shipments of toothed wheels, chain sprockets and other transmission elements decreased by -1% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 17% against the previous year. Over the period under review, the exports of reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements rose significantly to $X in 2021. Over the period under review, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.8% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 26%. Over the period under review, the exports of attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Germany (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Finland, with a 24% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to Germany exceeded the volume sent to the second major destination, Portugal (X tons), twofold. The United States (X tons) ranked third in terms of total exports with an 8.8% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+76.0% per year) and the United States (-6.4% per year).

In value terms, Germany ($X), the Netherlands ($X) and Portugal ($X) appeared to be the largest markets for toothed wheels, chain sprockets and other transmission elements exported from Finland worldwide, with a combined 31% share of total exports.

In terms of the main countries of destination, Portugal, with a CAGR of +43.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, with an increase of 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to South Africa ($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 Australia (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Finland

In 2021, the amount of toothed wheels, chain sprockets and other transmission elements imported into Finland soared to X tons, with an increase of 61% against 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

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 modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of imports of toothed wheels, chain sprockets and other transmission elements to Finland, together accounting for 79% of total imports. Turkey, the Czech Republic, Denmark, Hungary, Belarus, Sweden and Romania lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +52.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to Finland were Germany ($X), China ($X) and Italy ($X), together accounting for 67% of total imports. Sweden, Denmark, Hungary, Turkey, Romania, the Czech Republic and Belarus lagged somewhat behind, together accounting for a further 19%.

Among the main suppliers, Hungary, with a CAGR of +34.3%, recorded the highest rates of growth with regard to 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

In 2021, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, declining by -16.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2014 an increase of 16%. The import price peaked at $X per ton in 2020, and then reduced markedly in the following year.

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

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

Source: IndexBox Platform

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