Australia and Oceania: Clutch Market 2024

Clutch Market Size in Australia and Oceania

The clutch market in Australia and Oceania reduced modestly to $X in 2022, remaining constant against the previous year. The total consumption indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +13.0% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Clutch Production in Australia and Oceania

In value terms, clutch production fell to $X in 2022 estimated in export price. In general, production, however, recorded a mild expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by 97% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Clutch Exports

Exports in Australia and Oceania

In 2022, the amount of clutches exported in Australia and Oceania dropped to X tons, waning by -7.5% against the previous year. Total exports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +8.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 50%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, clutch exports amounted to $X in 2022. Over the period under review, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 58%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia represented the key exporter of clutches in Australia and Oceania, with the volume of exports recording X tons, which was approx. 64% of total exports in 2022. It was distantly followed by New Zealand (X tons), making up a 36% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by New Zealand (with a CAGR of +22.7%).

In value terms, Australia ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2022.

Among the main exporting countries, New Zealand, with a CAGR of +19.3%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, jumping by 17% against the previous year. Over the period under review, the export price enjoyed a moderate expansion. The pace of growth was the most pronounced in 2018 an increase of 62% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Australia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+4.0%).

Clutch Imports

Imports in Australia and Oceania

In 2022, purchases abroad of clutches increased by 17% to X tons, rising for the second consecutive year after four years of decline. The total import volume increased at an average annual rate of +1.8% 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 2013 with an increase of 27%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, clutch imports amounted to $X in 2022. The total import value increased at an average annual rate of +2.6% 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 25%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Australia was the main importer of clutches in Australia and Oceania, with the volume of imports reaching X tons, which was approx. 79% of total imports in 2022. It was distantly followed by New Zealand (X tons), generating a 14% share of total imports. Papua New Guinea (X tons) and Fiji (X tons) took a relatively small share of total imports.

Imports into Australia increased at an average annual rate of +1.3% from 2012 to 2022. At the same time, Fiji (+7.7%) and New Zealand (+4.8%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +7.7% from 2012-2022. By contrast, Papua New Guinea (-2.7%) illustrated a downward trend over the same period. While the share of New Zealand (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Papua New Guinea (-1.6 p.p.) and Australia (-4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported clutches in Australia and Oceania, comprising 79% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 14% share of total imports. It was followed by Papua New Guinea, with a 2.7% share.

From 2012 to 2022, the average annual growth rate of value in Australia stood at +2.9%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+1.6% per year) and Papua New Guinea (-3.3% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, reducing by -13.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 31%. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Papua New Guinea ($X per ton) and New Zealand ($X per ton), while Fiji ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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