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

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

The Iranian market for toothed wheels, chain sprockets and other transmission elements soared to $X in 2021, jumping by 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a perceptible descent. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Iran

In 2021, overseas shipments of toothed wheels, chain sprockets and other transmission elements decreased by -26.5% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 6,207% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. In general, exports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 1,709% against the previous year. Over the period under review, the exports of reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Iran, with a 47% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to Turkey exceeded the volume sent to the second major destination, Sri Lanka (X tons), twofold. Armenia (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 Turkey totaled +111.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+142.0% per year) and Armenia (+25.0% per year).

In value terms, Sri Lanka ($X) emerged as the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Iran, comprising 51% of total exports. The second position in the ranking was taken by Turkey ($X), with an 18% share of total exports. It was followed by the United Arab Emirates, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sri Lanka totaled +82.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+70.0% per year) and the United Arab Emirates (+12.5% 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, picking up by 60% against the previous year. In general, the export price showed moderate growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 298%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while the average price for exports to Turkey ($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 Czech Republic (+289.3%), 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 Iran

Imports of toothed wheels, chain sprockets and other transmission elements into Iran soared to X tons in 2021, jumping by 30% on 2020. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 74% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 with an increase of 70%. Over the period under review, imports of reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Iran, with a 68% 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, Turkey (X tons), ninefold. Germany (X tons) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +2.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+0.8% per year) and Germany (-6.4% per year).

In value terms, China ($X) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Iran, comprising 41% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by Turkey, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-11.0% per year) and Turkey (-3.6% per year).

Import Prices by Country

In 2021, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, increasing by 2.6% against the previous year. In general, the import price, however, recorded a noticeable downturn. The growth pace was the most rapid in 2019 an increase of 36%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Armenia ($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 United Arab Emirates (+12.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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