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

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

In 2023, the Europe market for toothed wheels, chain sprockets and other transmission elements increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements declined slightly to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in Europe

In 2023, exports of toothed wheels, chain sprockets and other transmission elements in Europe amounted to X tons, with an increase of X% against the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is likely to continue growth in years to come.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements expanded sharply to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Germany represented the key exporting country with an export of around X tons, which recorded X% of total exports. Italy (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), Poland (X tons) and France (X tons). All these countries together took near X% share of total exports. The following exporters - Slovakia (X tons), Slovenia (X tons), Austria (X tons), Belgium (X tons), the Netherlands (X tons), Switzerland (X tons) and Spain (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to toothed wheels, chain sprockets and other transmission elements exports from Germany stood at X%. At the same time, the Czech Republic (X%), Italy (X%), Slovakia (X%), Slovenia (X%), the Netherlands (X%), Poland (X%), France (X%) and Austria (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Spain and Belgium experienced a relatively flat trend pattern. By contrast, Switzerland (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total exports, while Switzerland and Germany saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest toothed wheels, chain sprockets and other transmission elements supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Germany totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (X% per year) and France (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, rising by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Switzerland (X%), while the other leaders experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in Europe

In 2023, supplies from abroad of toothed wheels, chain sprockets and other transmission elements increased by X% to X tons, rising for the third year in a row after two years of decline. Total imports indicated a temperate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports of reached the maximum in 2023 and are likely to see gradual growth in the immediate term.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements stood at $X in 2023. Total imports indicated perceptible growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum in 2023 and are expected to retain growth in years to come.

Imports by Country

Germany represented the largest importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Italy (X tons), the Czech Republic (X tons), Poland (X tons) and France (X tons), together constituting a X% share of total imports. Belgium (X tons), Sweden (X tons), Slovakia (X tons), the UK (X tons), Spain (X tons), Russia (X tons), the Netherlands (X tons) and Austria (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to toothed wheels, chain sprockets and other transmission elements imports into Germany stood at X%. At the same time, the Czech Republic (X%), Spain (X%), Poland (X%), Italy (X%), Russia (X%), the Netherlands (X%), Austria (X%), the UK (X%) and Belgium (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. Slovakia and France experienced a relatively flat trend pattern. By contrast, Sweden (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the Czech Republic, Italy, Poland and Spain increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported toothed wheels, chain sprockets and other transmission elements in Europe, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with an X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Germany stood at X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and France (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, picking up by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform