Chile: Clutch Market 2024

Clutch Market Size in Chile

The Chilean clutch market declined rapidly to $X in 2022, dropping by -25.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a resilient increase. As a result, consumption reached the peak level of $X, and then declined notably in the following year.

Clutch Exports

Exports from Chile

In 2022, overseas shipments of clutches decreased by -6% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 515% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, clutch exports fell to $X in 2022. In general, exports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 235% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Belgium (X tons) and Bolivia (X tons) were the main destinations of clutch exports from Chile, with a combined 66% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +49.9%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X) remains the key foreign market for clutches exports from Chile, comprising 59% of total exports. The second position in the ranking was taken by the United States ($X), with a 16% share of total exports. It was followed by Paraguay, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Bolivia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.1% per year) and Paraguay (+22.5% per year).

Export Prices by Country

In 2022, the average clutch export price amounted to $X per ton, approximately reflecting the previous year. In general, the export price continues to indicate a mild slump. The pace of growth was the most pronounced in 2016 when the average export price increased by 219%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into Chile

Clutch imports into Chile shrank remarkably to X tons in 2022, dropping by -43.9% compared with the year before. Overall, imports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 181% against the previous year. As a result, imports reached the peak of X tons, and then declined rapidly in the following year.

In value terms, clutch imports rose sharply to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +81.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Korea (X tons), China (X tons) and Japan (X tons) were the main suppliers of clutch imports to Chile, together accounting for 52% of total imports. Argentina, Brazil, the United States, India and Germany lagged somewhat behind, together accounting for a further 30%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +34.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), China ($X) and the United States ($X) appeared to be the largest clutch suppliers to Chile, together accounting for 42% of total imports. Brazil, Japan, Argentina, Germany and India lagged somewhat behind, together comprising a further 33%.

India, with a CAGR of +22.4%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average clutch import price amounted to $X per ton, increasing by 100% against the previous year. Overall, the import price, however, continues to indicate a perceptible descent. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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