Australia: Clutch Market 2024

Clutch Market Size in Australia

The Australian clutch market totaled $X in 2022, remaining stable against the previous year. In general, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% 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 +14.9% against 2020 indices. Clutch consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Clutch Production in Australia

In value terms, clutch production declined to $X in 2022 estimated in export price. In general, production, however, saw a slight increase. The growth pace was the most rapid in 2016 with an increase of 97% against the previous year. Clutch production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Clutch Exports

Exports from Australia

Clutch exports from Australia shrank sharply to X tons in 2022, waning by -32.4% on the previous year. Overall, exports, however, posted a pronounced increase. The most prominent rate of growth was recorded in 2014 with an increase of 51%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, clutch exports declined dramatically to $X in 2022. In general, exports, however, showed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 60%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

New Zealand (X tons) was the main destination for clutch exports from Australia, with a 39% share of total exports. Moreover, clutch exports to New Zealand exceeded the volume sent to the second major destination, the United States (X tons), threefold. The United Arab Emirates (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.0% per year) and the United Arab Emirates (+6.2% per year).

In value terms, New Zealand ($X) remains the key foreign market for clutches exports from Australia, comprising 39% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2022, the average annual growth rate of value to New Zealand stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.4% per year) and the United Arab Emirates (+13.2% per year).

Export Prices by Country

The average clutch export price stood at $X per ton in 2022, rising by 15% against the previous year. Overall, the export price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2018 an increase of 64%. The export price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Africa ($X per ton) and the United States ($X per ton), while the average price for exports to Singapore ($X per ton) and Pakistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into Australia

In 2022, supplies from abroad of clutches increased by 26% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.3% 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 +26.5% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 34%. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, clutch imports rose slightly to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Japan (X tons), the United States (X tons) and China (X tons) were the main suppliers of clutch imports to Australia, with a combined 53% share of total imports. Mexico, Germany, Taiwan (Chinese), South Korea and Thailand lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +11.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and China ($X) appeared to be the largest clutch suppliers to Australia, together comprising 53% of total imports.

In terms of the main suppliers, China, with a CAGR of +17.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average clutch import price stood at $X per ton in 2022, with a decrease of -17.4% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price 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, clutch import price decreased by -2.5% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 39% against the previous year. The import price peaked at $X per ton in 2021, and then reduced sharply in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Mexico ($X per ton) and Japan ($X per ton), while the price for Thailand ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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