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

The global market for toothed wheels, chain sprockets and other transmission elements shrank to $X in 2022, therefore, remained relatively stable against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Global consumption peaked at $X in 2018; however, from 2019 to 2022, 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 declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Global production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports

In 2022, overseas shipments 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. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports of attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China represented the main exporter of toothed wheels, chain sprockets and other transmission elements in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. It was distantly followed by Germany (X tons) and the United States (X tons), together generating a X% share of total exports. Italy (X tons), South Korea (X tons), the Czech Republic (X tons), Poland (X tons), India (X tons), France (X tons), Japan (X tons), Thailand (X tons), Mexico (X tons) and Taiwan (Chinese) (X tons) held a minor share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), South Korea (X%), Mexico (X%), the Czech Republic (X%), India (X%), Italy (X%), Poland (X%), the United States (X%), Germany (X%), Taiwan (Chinese) (X%) and France (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by X% from 2012 to 2022, respectively. 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 China ($X), Germany ($X) and the United States ($X), together accounting for X% of global exports. Italy, Japan, Taiwan (Chinese), France, South Korea, Poland, India, the Czech Republic, Mexico and Thailand lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Mexico, with a CAGR of X%, saw 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 2022, stabilizing at the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other global leaders experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports

Global imports of toothed wheels, chain sprockets and other transmission elements rose modestly to X tons in 2022, increasing by X% on the previous year's figure. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, global imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements expanded modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The United States (X tons) and Germany (X tons) represented the key importers of toothed wheels, chain sprockets and other transmission elements in 2022, accounting for near X% and X% of total imports, respectively. China (X tons) ranks next in terms of the total imports with a X% share, followed by Italy (X%). The Czech Republic (X tons), Japan (X tons), Poland (X tons), Mexico (X tons), Canada (X tons), France (X tons), Brazil (X tons), the UK (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and China ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Canada, Mexico, Poland, Italy, France, the UK, Japan, Thailand, Brazil and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, leveling off at the previous year. Over the period under review, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a 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 Canada ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :