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

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

In 2021, the Mexican market for toothed wheels, chain sprockets and other transmission elements increased by 13% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a strong expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The growth pace was the most rapid in 2015 when the production volume increased by 101%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Mexico

Exports of toothed wheels, chain sprockets and other transmission elements from Mexico soared to X tons in 2021, jumping by 199% on the year before. In general, exports enjoyed a resilient expansion. As a result, the exports attained 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 rose significantly to $X in 2021. Overall, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.9% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 37%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Mexico, accounting for a 97% share of total exports. It was followed by Germany (X tons), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +13.0%.

In value terms, the United States ($X) remains the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Mexico, comprising 93% of total exports. The second position in the ranking was taken by Germany ($X), with a 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +9.6%.

Export Prices by Country

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, falling by -61.5% against the previous year. Over the period under review, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in 2016 an increase of 86%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 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 Germany ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+5.3%).

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into Mexico

In 2021, supplies from abroad of toothed wheels, chain sprockets and other transmission elements increased by 91% to X tons, rising for the fifth consecutive year after two years of decline. Overall, imports recorded a prominent expansion. Over the period under review, imports of reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements skyrocketed to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.1% 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.

Imports by Country

China (X tons), the United States (X tons) and Italy (X tons) were the main suppliers of imports of toothed wheels, chain sprockets and other transmission elements to Mexico, with a combined 75% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +32.9%), 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 Mexico were the United States ($X), China ($X) and Germany ($X), together comprising 70% of total imports. Japan, Italy, Taiwan (Chinese), France, India, South Korea, Canada and Switzerland lagged somewhat behind, together accounting for a further 22%.

India, with a CAGR of +33.8%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, dropping by -36.3% against the previous year. Over the period under review, the import price, however, recorded mild growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 226%. The import price peaked at $X per ton in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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