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

Market Size for Toothed wheels, chain sprockets and other transmission elements in the Middle East

After two years of decline, the Middle Eastern market for toothed wheels, chain sprockets and other transmission elements increased by 15% to $X in 2021. The market value increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Toothed wheels, chain sprockets and other transmission elements in the Middle East

In value terms, production of toothed wheels, chain sprockets and other transmission elements expanded notably to $X in 2021 estimated in export price. The total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -28.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 with an increase of 38% against the previous year. As a result, production attained 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 the Middle East

In 2021, overseas shipments of toothed wheels, chain sprockets and other transmission elements increased by 7.6% to X tons, rising for the fifth consecutive year after two years of decline. In general, exports saw a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 72%. Over the period under review, the exports of attained the maximum in 2021 and are likely to continue growth in the near future.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.7% 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 +81.8% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 31%. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Turkey prevails in elements structure, reaching X tons, which was approx. 97% of total exports in 2021. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the toothed wheels, chain sprockets and other transmission elements exports, with a CAGR of +11.7% from 2012 to 2021. At the same time, the United Arab Emirates (+3.7%) displayed positive paces of growth. From 2012 to 2021, the share of Turkey increased by +3.7 percentage points.

In value terms, Turkey ($X) remains the largest toothed wheels, chain sprockets and other transmission elements supplier in the Middle East, comprising 88% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.6% share of total exports.

In Turkey, exports of toothed wheels, chain sprockets and other transmission elements expanded at an average annual rate of +7.3% over the period from 2012-2021.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, growing by 9.2% against the previous year. In general, the export price, however, saw a pronounced setback. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.4%).

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in the Middle East

In 2021, overseas purchases of toothed wheels, chain sprockets and other transmission elements increased by 6.8% to X tons, rising for the third consecutive year after three years of decline. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.3% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 47% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. The total import value increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 33%. Over the period under review, imports of attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Turkey (X tons) represented the major importer of toothed wheels, chain sprockets and other transmission elements, mixing up 55% of total imports. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 15% share, followed by Saudi Arabia (9.4%), Iran (6.4%) and Israel (6.2%). Kuwait (X tons) took a minor share of total imports.

Turkey was also the fastest-growing in terms of the toothed wheels, chain sprockets and other transmission elements imports, with a CAGR of +13.6% from 2012 to 2021. At the same time, Kuwait (+9.5%), Israel (+7.4%) and the United Arab Emirates (+6.0%) displayed positive paces of growth. Iran experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-3.8%) illustrated a downward trend over the same period. While the share of Turkey (+25 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Iran (-5.1 p.p.) and Saudi Arabia (-13.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest toothed wheels, chain sprockets and other transmission elements importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising 76% of total imports.

Turkey, with a CAGR of +11.9%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 the Middle East stood at $X per ton in 2021, surging by 15% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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