MENA: Clutch Market 2024

Clutch Market Size in MENA

The MENA's clutch market dropped to $X in 2022, with a decrease of -10.4% against the previous year. Overall, consumption, however, recorded a strong expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Clutch Production in MENA

In value terms, clutch production declined rapidly to $X in 2022 estimated in export price. In general, production enjoyed a strong increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 76%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Clutch Exports

Exports in MENA

In 2022, shipments abroad of clutches increased by 14% to X tons, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, clutch exports expanded 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 in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey dominates exports structure, recording X tons, which was approx. 92% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), generating a 5.9% share of total exports.

Turkey was also the fastest-growing in terms of the clutches exports, with a CAGR of +4.8% from 2012 to 2022. At the same time, the United Arab Emirates (+2.4%) displayed positive paces of growth. Turkey (+8.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest clutch supplier in MENA, comprising 90% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 6.7% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +4.5%.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, shrinking by -4.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the export price increased by 7.9%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.2%).

Clutch Imports

Imports in MENA

In 2022, supplies from abroad of clutches decreased by -12% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, clutch imports declined to $X in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

Turkey (X tons) and the United Arab Emirates (X tons) represented roughly 59% of total imports in 2022. Algeria (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Iran (8.6%) and Iraq (5.8%). The following importers - Morocco (X tons) and Egypt (X tons) - each accounted for a 4.7% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +10.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest clutch importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Algeria ($X), with a combined 69% share of total imports. Iran, Iraq, Morocco and Egypt lagged somewhat behind, together comprising a further 17%.

In terms of the main importing countries, Iraq, with a CAGR of +10.6%, recorded the highest growth rate of 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

In 2022, the import price in MENA amounted to $X per ton, waning by -2.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the import price increased by 7.1% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+1.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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