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

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

In 2023, after two years of growth, there was significant decline in the North American market for toothed wheels, chain sprockets and other transmission elements, when its value decreased by X% to $X. Over the period under review, consumption recorded a slight decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

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

In value terms, production of toothed wheels, chain sprockets and other transmission elements shrank to $X in 2023 estimated in export price. In general, production saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports in Northern America

In 2023, after two years of growth, there was decline in overseas shipments of toothed wheels, chain sprockets and other transmission elements, when their volume decreased by X% to X tons. The total export volume 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 2014 with an increase of X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements expanded notably to $X in 2023. Total exports indicated tangible 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports of attained the maximum in 2023 and are expected to retain growth in the immediate term.

Exports by Country

In 2023, the United States (X tons) represented the major exporter of toothed wheels, chain sprockets and other transmission elements, making up X% of total exports. It was distantly followed by Canada (X tons), comprising 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 the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

In the United States, 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 Northern America amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

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

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports in Northern America

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, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs at X tons in 2022, and then contracted notably in the following year.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements reached $X in 2023. The total import 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. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports of reached the maximum in 2023 and are likely to see gradual growth in the near future.

Imports by Country

In 2023, the United States (X tons) was the main importer of toothed wheels, chain sprockets and other transmission elements, mixing up X% of total imports. It was distantly followed by Canada (X tons), constituting a X% share of total imports.

The United States 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 2023. At the same time, Canada (X%) displayed positive paces of growth. From 2012 to 2023, the share of the United States increased by X percentage points.

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

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

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price, however, showed a abrupt descent. Over the period under review, import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

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 Canada ($X per ton), while the United States amounted to $X per ton.

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

Source: IndexBox Platform