Asia-Pacific: Clutch Market 2024

Clutch Market Size in Asia-Pacific

The Asia-Pacific clutch market expanded slightly to $X in 2022, with an increase of 2.3% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Clutch Production in Asia-Pacific

In value terms, clutch production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 12% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Clutch Exports

Exports in Asia-Pacific

In 2022, shipments abroad of clutches increased by 2.3% to X tons, rising for the second consecutive year after two years of decline. The total export volume increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 27%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, clutch exports amounted to $X in 2022. The total export value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

China was the major exporter of clutches in Asia-Pacific, with the volume of exports resulting at X tons, which was near 49% of total exports in 2022. Japan (X tons) ranks second in terms of the total exports with a 22% share, followed by South Korea (16%). India (X tons), Indonesia (X tons), Thailand (X tons) and Vietnam (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to clutch exports from China stood at +5.5%. At the same time, India (+10.2%), Indonesia (+4.9%), South Korea (+4.0%), Vietnam (+2.4%), Thailand (+2.2%) and Japan (+2.0%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +10.2% from 2012-2022. While the share of China (+5.3 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-5.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of exports in 2022, with a combined 84% share of total exports. Thailand, India, Indonesia and Vietnam lagged somewhat behind, together accounting for a further 13%.

India, with a CAGR of +15.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2022, increasing by 1.9% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the export price increased by 8.2% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.5%), while the other leaders experienced more modest paces of growth.

Clutch Imports

Imports in Asia-Pacific

In 2022, purchases abroad of clutches increased by 1.8% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.2% 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 with an increase of 24%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, clutch imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 23%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), distantly followed by Japan (X tons), Thailand (X tons), India (X tons), Indonesia (X tons) and South Korea (X tons) were the main importers of clutches, together generating 81% of total imports. Australia (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 leading importing countries, was attained by India (with a CAGR of +5.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported clutches in Asia-Pacific, comprising 38% of total imports. The second position in the ranking was held by Japan ($X), with a 13% share of total imports. It was followed by India, with a 10% share.

In China, clutch imports increased at an average annual rate of +6.6% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+0.3% per year) and India (+8.1% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, shrinking by -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2014 when the import price increased by 10% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :