Latin America and the Caribbean: Market for Toothed wheels, chain sprockets and other transmission elements 2025

Market Size for Toothed wheels, chain sprockets and other transmission elements in Latin America and the Caribbean

In 2021, the Latin American market for toothed wheels, chain sprockets and other transmission elements increased by 19% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption enjoyed a notable increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Toothed wheels, chain sprockets and other transmission elements in Latin America and the Caribbean

In value terms, production of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021 estimated in export price. In general, production continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2015 with an increase of 41%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in Latin America and the Caribbean

In 2021, the amount of toothed wheels, chain sprockets and other transmission elements exported in Latin America and the Caribbean skyrocketed to X tons, picking up by 96% on 2020. Overall, exports showed temperate growth. As a result, the exports reached 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 +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 when exports increased by 18% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

Mexico was the major exporting country with an export of around X tons, which resulted at 73% of total exports. It was distantly followed by Brazil (X tons), generating a 26% share of total exports.

Mexico was also the fastest-growing in terms of the toothed wheels, chain sprockets and other transmission elements exports, with a CAGR of +10.5% from 2012 to 2021. Brazil (-5.1%) illustrated a downward trend over the same period. While the share of Mexico (+33 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-28.5 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest toothed wheels, chain sprockets and other transmission elements supplier in Latin America and the Caribbean, comprising 63% of total exports. The second position in the ranking was taken by Brazil ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Mexico amounted to +7.7%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2021, shrinking by -41.2% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 39% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Mexico amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+4.7%).

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in Latin America and the Caribbean

In 2021, imports of toothed wheels, chain sprockets and other transmission elements in Latin America and the Caribbean soared to X tons, with an increase of 66% against 2020 figures. Over the period under review, imports saw a pronounced expansion. 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 +3.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X tons) and Brazil (X tons) dominates elements structure, together mixing up 82% of total imports. It was distantly followed by Colombia (X tons), creating a 5.3% share of total imports. Chile (X tons), Peru (X tons) and Argentina (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Chile (with a CAGR of +6.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest toothed wheels, chain sprockets and other transmission elements importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together comprising 83% of total imports.

Mexico, with a CAGR of +7.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, with a decrease of -20.3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the import price increased by 64%. Over the period under review, import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+8.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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