Eastern Europe: Clutch Market 2024

Clutch Market Size in Eastern Europe

The East European clutch market rose sharply to $X in 2022, with an increase of 13% against the previous year. The market value increased at an average annual rate of +5.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Clutch Production in Eastern Europe

In value terms, clutch production surged to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.4% over the period 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 2013 with an increase of 28%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Clutch Exports

Exports in Eastern Europe

In 2022, overseas shipments of clutches increased by 2.7% 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 +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, clutch exports amounted to $X in 2022. The total export value increased at an average annual rate of +4.3% over the period 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 when exports increased by 28% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Hungary represented the key exporter of clutches in Eastern Europe, with the volume of exports recording X tons, which was approx. 57% of total exports in 2022. Slovakia (X tons) took a 20% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (7.8%) and Poland (7.7%). Russia (X tons) and Belarus (X tons) followed a long way behind the leaders.

Exports from Hungary increased at an average annual rate of +2.5% from 2012 to 2022. At the same time, Poland (+6.3%), Russia (+4.3%), Slovakia (+3.8%) and Belarus (+2.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +6.3% from 2012-2022. By contrast, the Czech Republic (-2.9%) illustrated a downward trend over the same period. Slovakia (+2.7 p.p.) and Poland (+2.4 p.p.) significantly strengthened its position in terms of the total exports, while the Czech Republic saw its share reduced by -5.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) remains the largest clutch supplier in Eastern Europe, comprising 50% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 21% share of total exports. It was followed by Poland, with a 13% share.

In Hungary, clutch exports increased at an average annual rate of +3.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Slovakia (+4.4% per year) and Poland (+12.7% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the export price increased by 8.4% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

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 Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.0%), while the other leaders experienced more modest paces of growth.

Clutch Imports

Imports in Eastern Europe

In 2022, purchases abroad of clutches increased by 0.4% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.5% 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 2014 when imports increased by 23%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, clutch imports stood at $X in 2022. The total import value 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 in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Hungary represented the largest importing country with an import of around X tons, which finished at 43% of total imports. Slovakia (X tons) took the second position in the ranking, followed by Poland (X tons), Russia (X tons) and the Czech Republic (X tons). All these countries together held near 47% share of total imports. Romania (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to clutch imports into Hungary stood at +2.7%. At the same time, Romania (+9.4%), Slovakia (+4.5%) and Poland (+4.2%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +9.4% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, the Czech Republic (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Slovakia, Romania and Poland increased by +2.4, +2.1 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest clutch importing markets in Eastern Europe were Hungary ($X), Poland ($X) and Russia ($X), with a combined 61% share of total imports. Slovakia, the Czech Republic and Romania lagged somewhat behind, together accounting for a further 30%.

Slovakia, with a CAGR of +8.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 when the import price increased by 14% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then shrank slightly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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