U.S.: Market for Toothed wheels, chain sprockets and other transmission elements 2025

Market Size for Toothed wheels, chain sprockets and other transmission elements in the U.S.

The U.S. market for toothed wheels, chain sprockets and other transmission elements was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, recorded a abrupt downturn. Consumption of peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Toothed wheels, chain sprockets and other transmission elements in the U.S.

In value terms, production of toothed wheels, chain sprockets and other transmission elements fell to $X in 2021. Over the period under review, production faced a deep reduction. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. Production of peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from the U.S.

In 2021, exports of toothed wheels, chain sprockets and other transmission elements from the United States expanded notably to X tons, picking up by 14% against the previous year's figure. The total export volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by 26% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports of remained at a somewhat lower figure.

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 +2.4% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X tons) was the main destination for exports of toothed wheels, chain sprockets and other transmission elements from the United States, accounting for a 38% share of total exports. Moreover, exports of toothed wheels, chain sprockets and other transmission elements to Mexico exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico stood at +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+6.3% per year) and Germany (+25.0% per year).

In value terms, the largest markets for toothed wheels, chain sprockets and other transmission elements exported from the United States were Canada ($X), Mexico ($X) and China ($X), together comprising 52% of total exports. Germany, Chile, Brazil, Australia, Japan, Belgium, Singapore and India lagged somewhat behind, together accounting for a further 29%.

Germany, with a CAGR of +17.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, growing by 1.9% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Canada ($X per ton), while the average price for exports to Mexico ($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 Canada (+13.1%), 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 the U.S.

In 2021, imports of toothed wheels, chain sprockets and other transmission elements into the United States surged to X tons, with an increase of 41% on 2020. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 45%. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the near future.

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 +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, imports of hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X tons) constituted the largest toothed wheels, chain sprockets and other transmission elements supplier to the United States, accounting for a 29% 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, South Korea (X tons), twofold. India (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+42.5% per year) and India (+23.0% per year).

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to the United States were China ($X), Germany ($X) and Japan ($X), with a combined 48% share of total imports. South Korea, India, Italy, Mexico, Canada and Vietnam lagged somewhat behind, together comprising a further 35%.

Among the main suppliers, Vietnam, with a CAGR of +66.8%, recorded 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

The average import price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, which is down by -9.3% against the previous year. In general, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of 5.2%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-4.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :