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

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

After two years of decline, the MERCOSUR market for toothed wheels, chain sprockets and other transmission elements increased by 31% to $X in 2021. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -18.0% against 2018 indices. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021 estimated in export price. In general, production saw a remarkable increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 41%. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in MERCOSUR

In 2021, the amount of toothed wheels, chain sprockets and other transmission elements exported in MERCOSUR was estimated at X tons, increasing by 2.1% on 2020 figures. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by 24% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements expanded markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a noticeable slump. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in elements structure, accounting for X tons, which was approx. 94% of total exports in 2021. The following exporters - Colombia (X tons) and Argentina (X tons) - each recorded a 4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to toothed wheels, chain sprockets and other transmission elements exports from Brazil stood at -5.1%. Colombia experienced a relatively flat trend pattern. Argentina (-19.8%) illustrated a downward trend over the same period. While the share of Brazil (+4.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Argentina (-6.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest toothed wheels, chain sprockets and other transmission elements supplier in MERCOSUR, comprising 86% of total exports. The second position in the ranking was held by Argentina ($X), with a 6.3% share of total exports.

In Brazil, exports of toothed wheels, chain sprockets and other transmission elements remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-14.7% per year) and Colombia (+5.3% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, picking up by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 when the export price increased by 49% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+6.4%), while the other leaders experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in MERCOSUR

In 2021, approx. X tons of toothed wheels, chain sprockets and other transmission elements were imported in MERCOSUR; growing by 51% on 2020 figures. Total imports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, 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.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021. Total imports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) represented the key importer of toothed wheels, chain sprockets and other transmission elements, making up 69% of total imports. Colombia (X tons) took the second position in the ranking, followed by Chile (X tons), Peru (X tons) and Argentina (X tons). All these countries together held approx. 28% share of total imports.

Imports into Brazil increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Chile (+6.8%) and Colombia (+2.2%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +6.8% from 2012-2021. By contrast, Peru (-1.7%) and Argentina (-2.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Chile increased by +9.1 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported toothed wheels, chain sprockets and other transmission elements in MERCOSUR, comprising 60% of total imports. The second position in the ranking was taken by Chile ($X), with an 11% share of total imports. It was followed by Peru, with a 10% share.

In Brazil, imports of toothed wheels, chain sprockets and other transmission elements increased at an average annual rate of +2.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (+4.1% per year) and Peru (+6.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, waning by -3% against the previous year. In general, the import price showed a mild decline. The most prominent rate of growth was recorded in 2017 when the import price increased by 10%. Over the period under review, import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 a decline in the import price figures.

Source: IndexBox Platform