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

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

In 2021, after two years of decline, there was significant growth in the South African market for toothed wheels, chain sprockets and other transmission elements, when its value increased by 26% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from South Africa

In 2021, shipments abroad of toothed wheels, chain sprockets and other transmission elements increased by 15% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, showed a slight decline. The pace of growth was the most pronounced in 2020 when exports increased by 16% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements reached $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 23%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Namibia (X tons), Zimbabwe (X tons) and Zambia (X tons) were the main destinations of exports of toothed wheels, chain sprockets and other transmission elements from South Africa, together accounting for 34% of total exports. Mozambique, Democratic Republic of the Congo, China, the United States, India, Swaziland, Guinea, Australia, Botswana and Belgium lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +115.1%), while the other leaders experienced more modest paces of growth.

In value terms, Zambia ($X), Namibia ($X) and Zimbabwe ($X) constituted the largest markets for toothed wheels, chain sprockets and other transmission elements exported from South Africa worldwide, together comprising 36% of total exports. These countries were followed by Democratic Republic of the Congo, Mozambique, the United States, China, Botswana, Guinea, Belgium, Australia, Swaziland and India, which together accounted for a further 43%.

In terms of the main countries of destination, China, with a CAGR of +102.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, dropping by -11.8% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 18% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per ton), while the average price for exports to India ($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 Zimbabwe (+7.8%), 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 South Africa

In 2021, supplies from abroad of toothed wheels, chain sprockets and other transmission elements was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a slight setback. The pace of growth was the most pronounced in 2015 with an increase of 34%. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements skyrocketed to $X in 2021. Overall, imports, however, saw a mild contraction. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of toothed wheels, chain sprockets and other transmission elements to South Africa, with a 40% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by the United States (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.5% per year) and the United States (-6.4% per year).

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to South Africa were Germany ($X), the United States ($X) and China ($X), together comprising 57% of total imports. These countries were followed by Italy, the UK, Slovakia, France, Turkey, India, South Korea and Namibia, which together accounted for a further 26%.

In terms of the main suppliers, Namibia, with a CAGR of +30.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for toothed wheels, chain sprockets and other transmission elements amounted to $X per ton, with an increase of 8.7% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 34% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :