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

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

In 2022, the South Asian market for toothed wheels, chain sprockets and other transmission elements decreased by X% to $X, falling for the third year in a row after six years of growth. In general, consumption, however, showed a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

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 declined modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; afterwards, it flattened through to 2022.

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Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in Southern Asia

In 2022, shipments 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 four years of decline. Over the period under review, exports saw a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are 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 2022. Overall, exports posted prominent growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, India (X tons) represented the major exporter of toothed wheels, chain sprockets and other transmission elements in Southern Asia, achieving X% 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 X% from 2012 to 2022. 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 X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in Southern Asia

In 2022, supplies from abroad of toothed wheels, chain sprockets and other transmission elements increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements stood at $X in 2022. Overall, imports saw a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

India prevails in elements structure, amounting to X tons, which was approx. X% of total imports in 2022. It was distantly followed by Bangladesh (X tons), generating a X% 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 X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. From 2012 to 2022, the share of India increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In India, imports of toothed wheels, chain sprockets and other transmission elements increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, remaining stable against the previous year. Overall, the import price saw a slight slump. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%).

Source: IndexBox Platform

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