Overview of the Global Market for Toothed wheels, chain sprockets and other transmission elements

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

After two years of decline, the global market for toothed wheels, chain sprockets and other transmission elements increased by 8.5% to $X in 2021. Over the period under review, consumption recorded a relatively flat trend pattern. Global consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Toothed wheels, chain sprockets and other transmission elements

In value terms, production of toothed wheels, chain sprockets and other transmission elements expanded significantly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17%. Over the period under review, global production of attained the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports

After two years of decline, overseas shipments of toothed wheels, chain sprockets and other transmission elements increased by 29% to X tons in 2021. The total export volume increased at an average annual rate of +4.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached 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. The total export value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the largest exporter of toothed wheels, chain sprockets and other transmission elements, mixing up 40% of total exports. Germany (X tons) ranks second in terms of the total exports with an 18% share, followed by the United States (4.7%). Italy (X tons), South Korea (X tons), the Czech Republic (X tons), Poland (X tons), Taiwan (Chinese) (X tons), India (X tons), Slovakia (X tons), Japan (X tons) and France (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +4.9% from 2012 to 2021. At the same time, the Czech Republic (+11.2%), India (+10.3%), South Korea (+10.2%), Italy (+8.2%), Slovakia (+8.2%), Poland (+6.3%), Taiwan (Chinese) (+4.3%), Germany (+3.0%), the United States (+2.7%) and France (+1.3%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in the world, with a CAGR of +11.2% from 2012-2021. By contrast, Japan (-1.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +2.2 percentage points. 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 supplying countries worldwide were Germany ($X), China ($X) and the United States ($X), with a combined 57% share of global exports. Italy, Japan, Taiwan (Chinese), France, Poland, South Korea, Slovakia, India and the Czech Republic lagged somewhat behind, together comprising a further 22%.

In terms of the main exporting countries, India, with a CAGR of +9.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global 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, shrinking by -3.3% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 3.6%. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

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 States ($X per ton), while the Czech Republic ($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 (+1.9%), while the other global leaders experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports

In 2021, after two years of decline, there was significant growth in supplies from abroad of toothed wheels, chain sprockets and other transmission elements, when their volume increased by 29% to X tons. Overall, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. 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.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements surged to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons) and Germany (X tons) were the main importers of toothed wheels, chain sprockets and other transmission elements in 2021, recording near 19% and 19% of total imports, respectively. It was distantly followed by China (X tons) and Italy (X tons), together mixing up a 13% share of total imports. The Czech Republic (X tons), Japan (X tons), Poland (X tons), Mexico (X tons), France (X tons), Belgium (X tons), Canada (X tons), Brazil (X tons) and Thailand (X tons) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +13.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 43% of global imports. These countries were followed by Mexico, Canada, Poland, Italy, France, Thailand, Japan, Brazil, the Czech Republic and Belgium, which together accounted for a further 25%.

In terms of the main importing countries, Poland, with a CAGR of +12.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global 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, waning by -2.8% against the previous year. In general, the import price recorded a mild downturn. The growth pace was the most rapid in 2013 when the average import price decreased by -0.2% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 China ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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