Poland: Market for Toothed wheels, chain sprockets and other transmission elements 2024

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

The Polish market for toothed wheels, chain sprockets and other transmission elements was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption enjoyed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

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 prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. Production of peaked in 2021 and is expected to retain growth in years to come.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from Poland

After two years of decline, shipments abroad of toothed wheels, chain sprockets and other transmission elements increased by 4.2% to X tons in 2021. In general, total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 28% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports of failed to regain momentum.

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 +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 27% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from Poland, accounting for a 57% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to Germany exceeded the volume sent to the second major destination, the UK (X tons), threefold. Hungary (X tons) ranked third in terms of total exports with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+7.1% per year) and Hungary (-9.0% per year).

In value terms, Germany ($X) remains the key foreign market for toothed wheels, chain sprockets and other transmission elements exports from Poland, comprising 39% of total exports. The second position in the ranking was held by the UK ($X), with a 12% share of total exports. It was followed by Hungary, with an 8.8% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+5.6% per year) and Hungary (-0.7% per year).

Export Prices by Country

In 2021, the average export price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, picking up by 13% against the previous year. In general, the export price, however, recorded a slight setback. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Sweden ($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 Austria (+12.5%), 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 Poland

Imports of toothed wheels, chain sprockets and other transmission elements into Poland skyrocketed to X tons in 2021, rising by 29% on 2020 figures. Overall, imports recorded strong growth. 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 soared to $X in 2021. Over the period under review, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Poland, accounting for a 57% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from Germany exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.2% per year) and Japan (+19.4% per year).

In value terms, Germany ($X) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to Poland, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 9.3% share of total imports. It was followed by Japan, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+25.9% per year) and Japan (+16.5% per year).

Import Prices by Country

The average import price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, increasing by 3.9% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 15% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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 Austria ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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