Argentina: Clutch Market 2024

Clutch Market Size in Argentina

In 2022, the Argentinian clutch market increased by 30% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Clutch Exports

Exports from Argentina

In 2022, after three years of decline, there was significant growth in overseas shipments of clutches, when their volume increased by 7.6% to X tons. Overall, exports, however, showed a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 35% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, clutch exports expanded markedly to $X in 2022. In general, exports, however, faced a deep slump. The growth pace was the most rapid in 2014 when exports increased by 22% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil (X tons) was the main destination for clutch exports from Argentina, accounting for a 51% share of total exports. Moreover, clutch exports to Brazil exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was held by Uruguay (X tons), with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Brazil amounted to -16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+4.1% per year) and Uruguay (-0.1% per year).

In value terms, Brazil ($X) remains the key foreign market for clutches exports from Argentina, comprising 47% of total exports. The second position in the ranking was taken by Mexico ($X), with a 21% share of total exports. It was followed by Uruguay, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Brazil amounted to -17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+8.8% per year) and Uruguay (-2.4% per year).

Export Prices by Country

In 2022, the average clutch export price amounted to $X per ton, with an increase of 6.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 24%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($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 Venezuela (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into Argentina

In 2022, overseas purchases of clutches increased by 21% to X tons, rising for the second year in a row after three years of decline. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, clutch imports surged to $X in 2022. Over the period under review, imports, however, saw a slight downturn. The growth pace was the most rapid in 2021 with an increase of 39% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest clutch supplier to Argentina, with a 55% share of total imports. Moreover, clutch imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. South Korea (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Brazil stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.4% per year) and South Korea (+9.5% per year).

In value terms, Brazil ($X) constituted the largest supplier of clutches to Argentina, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 9.2% share of total imports. It was followed by Thailand, with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil amounted to -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.0% per year) and Thailand (+11.0% per year).

Import Prices by Country

In 2022, the average clutch import price amounted to $X per ton, surging by 7.8% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 9.8% against the previous year. Over the period under review, average import prices attained 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 origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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