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

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

In 2021, the South Asian market for toothed wheels, chain sprockets and other transmission elements decreased by -2.4% to $X, falling for the second consecutive year after eight years of growth. Overall, consumption continues to indicate buoyant growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements stood at $X in 2021 estimated in export price. Over the period under review, production recorded resilient growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 50% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in Southern Asia

In 2021, shipments abroad of toothed wheels, chain sprockets and other transmission elements increased by 226% to X tons, rising for the second consecutive year after four years of decline. In general, exports saw a remarkable increase. 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 skyrocketed to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from India (X tons), together amounting to 100% of total export.

India was also the fastest-growing in terms of the toothed wheels, chain sprockets and other transmission elements exports, with a CAGR of +10.3% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest toothed wheels, chain sprockets and other transmission elements supplier in Southern Asia.

In India, exports of toothed wheels, chain sprockets and other transmission elements expanded at an average annual rate of +9.1% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, reducing by -51.1% against the previous year. In general, the export price recorded a mild reduction. The growth pace was the most rapid in 2017 when the export price increased by 107% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -1.1% per year.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in Southern Asia

After two years of decline, supplies from abroad of toothed wheels, chain sprockets and other transmission elements increased by 83% to X tons in 2021. In general, imports showed prominent 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. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India dominates elements structure, reaching X tons, which was approx. 90% of total imports in 2021. It was distantly followed by Bangladesh (X tons), committing a 4.6% share of total imports. Afghanistan (X tons) held a relatively small share of total imports.

India was also the fastest-growing in terms of the toothed wheels, chain sprockets and other transmission elements imports, with a CAGR of +11.7% from 2012 to 2021. At the same time, Afghanistan (+11.5%) and Bangladesh (+6.6%) displayed positive paces of growth. India (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Bangladesh saw its share reduced by -2.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported toothed wheels, chain sprockets and other transmission elements in Southern Asia, comprising 92% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 3.6% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India stood at +8.1%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+13.5% per year) and Afghanistan (+6.1% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, reducing by -7.6% against the previous year. In general, the import price continues to indicate a pronounced curtailment. The pace of growth appeared the most rapid in 2019 an increase of 15%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a 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 India ($X per ton), while Afghanistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+6.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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