Indonesia: Clutch Market 2024

Clutch Market Size in Indonesia

The Indonesian clutch market rose rapidly to $X in 2022, with an increase of 11% against the previous year. Over the period under review, the total consumption indicated resilient growth 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, consumption decreased by -4.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Clutch Production in Indonesia

In value terms, clutch production stood at $X in 2022 estimated in export price. In general, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Clutch Exports

Exports from Indonesia

In 2022, approx. X tons of clutches were exported from Indonesia; growing by 5% compared with the previous year's figure. Over the period under review, total exports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% 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 +53.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, clutch exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.3% 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 appeared the most rapid in 2021 when exports increased by 45%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Thailand (X tons) was the main destination for clutch exports from Indonesia, accounting for a 49% share of total exports. Moreover, clutch exports to Thailand exceeded the volume sent to the second major destination, Japan (X tons), twofold. The third position in this ranking was taken by the United States (X tons), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Thailand amounted to +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+6.6% per year) and the United States (+17.1% per year).

In value terms, Thailand ($X) remains the key foreign market for clutches exports from Indonesia, comprising 55% of total exports. The second position in the ranking was held by Japan ($X), with a 17% share of total exports. It was followed by Belgium, with a 3.2% share.

From 2012 to 2022, the average annual growth rate of value to Thailand was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+2.6% per year) and Belgium (+29.7% per year).

Export Prices by Country

In 2022, the average clutch export price amounted to $X per ton, waning by -7.3% against the previous year. Over the period under review, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 16% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Peru ($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 the United Arab Emirates (-0.0%), while the prices for the other major destinations experienced a decline.

Clutch Imports

Imports into Indonesia

In 2022, purchases abroad of clutches increased by 22% to X tons, rising for the second year in a row after two years of decline. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.4% 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 +106.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 69% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, clutch imports skyrocketed to $X in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

Japan (X tons), China (X tons) and Thailand (X tons) were the main suppliers of clutch imports to Indonesia, together comprising 75% of total imports. South Korea, Singapore, Taiwan (Chinese), Malaysia and Vietnam lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +8.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Thailand ($X) and China ($X) constituted the largest clutch suppliers to Indonesia, together comprising 79% of total imports. South Korea, Singapore, Malaysia, Taiwan (Chinese) and Vietnam lagged somewhat behind, together accounting for a further 13%.

Singapore, with a CAGR of +15.3%, saw the highest rates of growth with regard to 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

The average clutch import price stood at $X per ton in 2022, with an increase of 5.1% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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