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

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

In 2021, after two years of decline, there was significant growth in the Irish market for toothed wheels, chain sprockets and other transmission elements, when its value increased by 19% to $X. Overall, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +11.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2021 and is likely to see gradual growth in the near future.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 117%. As a result, production attained the peak level of $X. From 2015 to 2021, production of growth failed to regain momentum.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Ireland

In 2021, the amount of toothed wheels, chain sprockets and other transmission elements exported from Ireland was estimated at X tons, surging by 14% compared with the previous year's figure. Overall, exports showed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 66%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021. Over the period under review, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 79% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

The UK (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Ireland, accounting for a 79% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to the UK exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by the Netherlands (X tons), with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.4% per year) and the Netherlands (-7.0% per year).

In value terms, the UK ($X) remains the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Ireland, comprising 57% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total exports. It was followed by the United States, with an 8.6% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +25.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+10.8% per year) and the United States (+13.6% per year).

Export Prices by Country

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, increasing by 34% against the previous year. In general, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for toothed wheels, chain sprockets and other transmission elements increased by +82.0% against 2017 indices. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to New Zealand ($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 Netherlands (+19.2%), 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 Ireland

In 2021, imports of toothed wheels, chain sprockets and other transmission elements into Ireland skyrocketed to X tons, picking up by 22% on the year before. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2013 with an increase of 46%. Over the period under review, imports of reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. In general, imports continue to indicate resilient growth. The growth pace was the most rapid in 2013 when imports increased by 43% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Ireland, with a 73% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from the UK exceeded the figures recorded by the second-largest supplier, China (X tons), eightfold. Germany (X tons) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.4% per year) and Germany (+8.3% per year).

In value terms, the UK ($X) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Ireland, comprising 44% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.0% per year) and China (+20.9% 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, dropping by -4.2% against the previous year. Over the period under review, the import price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15%. 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 ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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