Eastern Asia: Clutch Market 2024

Clutch Market Size in Eastern Asia

In 2022, the East Asian clutch market decreased by -0.5% to $X, falling for the second consecutive year after three years of growth. The market 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 throughout the analyzed period. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Clutch Production in Eastern Asia

In value terms, clutch production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% 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 2016 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

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Clutch Exports

Exports in Eastern Asia

In 2022, shipments abroad of clutches increased by 2.6% 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 throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 26%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, clutch exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +3.7% over the period 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 exports increased by 28%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, China (X tons) was the key exporter of clutches, generating 55% of total exports. It was distantly followed by Japan (X tons) and South Korea (X tons), together mixing up a 43% share of total exports.

China was also the fastest-growing in terms of the clutches exports, with a CAGR of +5.5% from 2012 to 2022. At the same time, South Korea (+4.0%) and Japan (+2.0%) displayed positive paces of growth. China (+6.5 p.p.) significantly strengthened its position in terms of the total exports, while Japan saw its share reduced by -5.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest clutch supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together comprising 98% of total exports.

South Korea, with a CAGR of +6.4%, saw the highest rates of growth with regard to the value of exports, among 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 Eastern Asia stood at $X per ton in 2022, increasing by 2.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 10% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.3%), while the other leaders experienced mixed trends in the export price figures.

Clutch Imports

Imports in Eastern Asia

In 2022, approx. X tons of clutches were imported in Eastern Asia; declining by -4.9% compared with the year before. Total imports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.0% 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 +8.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 23% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, clutch imports reduced to $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.2% 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 +11.7% against 2020 indices. The pace of growth was the most pronounced in 2014 with an increase of 34% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main importer of clutches, making up 53% of total imports. Japan (X tons) held a 31% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (11%). Taiwan (Chinese) (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 key importing countries, was attained by Japan (with a CAGR of +3.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported clutches in Eastern Asia, comprising 66% of total imports. The second position in the ranking was taken by Japan ($X), with a 22% share of total imports. It was followed by South Korea, with a 9.8% share.

In China, clutch imports increased at an average annual rate of +6.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+0.3% per year) and South Korea (+2.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2013 when the import price increased by 9.7%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

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

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