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

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

After two years of growth, the SADC market for toothed wheels, chain sprockets and other transmission elements decreased by X% to $X in 2023. The total consumption indicated a moderate increase 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank notably in the following year.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements declined to $X in 2023 estimated in export price. The total production indicated a mild increase from 2012 to 2023: its value 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, production increased by X% against 2021 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in SADC

In 2023, overseas shipments of toothed wheels, chain sprockets and other transmission elements increased by X% to X tons, rising for the fourth consecutive year after four years of decline. Total exports indicated noticeable growth from 2012 to 2023: its volume 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, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2023 and is expected to retain growth in the near future.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2023. The total export value 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa prevails in elements structure, finishing at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Zambia (X tons), committing a X% share 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 South Africa stood at X%. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Zambia increased by X percentage points.

In value terms, South Africa ($X) remains the largest toothed wheels, chain sprockets and other transmission elements supplier in SADC, comprising X% of total exports. The second position in the ranking was held by Zambia ($X), with a X% share of total exports.

In South Africa, exports of toothed wheels, chain sprockets and other transmission elements expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, surging by X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Africa (X%).

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in SADC

In 2023, overseas purchases of toothed wheels, chain sprockets and other transmission elements decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, posted resilient growth. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell notably in the following year.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements reduced to $X in 2023. The total import 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 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Mozambique (X tons) and South Africa (X tons) dominates elements structure, together comprising X% of total imports. Angola (X tons), Tanzania (X tons), Zambia (X tons), Democratic Republic of the Congo (X tons) and Zimbabwe (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Mozambique (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported toothed wheels, chain sprockets and other transmission elements in SADC, comprising X% of total imports. The second position in the ranking was taken by Zambia ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in South Africa was relatively modest. In the other countries, the average annual rates were as follows: Zambia (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

The import price in SADC stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Zambia ($X per ton), while Mozambique ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform