Report Update Nov 1, 2024

Hong Kong SAR, China - Clutches - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Clutch Market 2024

Clutch Market Size in Hong Kong SAR, China

In 2022, the Hong Kong clutch market decreased by -18.7% to $X for the first time since 2017, thus ending a four-year rising trend. In general, consumption recorded a mild downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Clutch Exports

Exports from Hong Kong SAR, China

After four years of decline, shipments abroad of clutches increased by 2.9% to X tons in 2022. In general, exports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 45% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, clutch exports rose rapidly to $X in 2022. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 80%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), Singapore (X tons) and Taiwan (Chinese) (X tons) were the main destinations of clutch exports from Hong Kong SAR, with a combined 72% share of total exports. Malaysia, Japan, the United States, the Philippines, Australia and Vietnam lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +60.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for clutches exports from Hong Kong SAR, comprising 42% of total exports. The second position in the ranking was held by Singapore ($X), with a 17% share of total exports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+8.6% per year) and Taiwan (Chinese) (-5.5% per year).

Export Prices by Country

The average clutch export price stood at $X per ton in 2022, growing by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth appeared the most rapid in 2013 an increase of 43%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Australia ($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 Philippines (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into Hong Kong SAR, China

In 2022, clutch imports into Hong Kong SAR declined to X tons, reducing by -9% compared with 2021. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2015 with an increase of 14% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, clutch imports declined to $X in 2022. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of clutch to Hong Kong SAR, accounting for a 56% share of total imports. Moreover, clutch imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X tons), sixfold. The third position in this ranking was held by South Korea (X tons), with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.2% per year) and South Korea (+8.9% per year).

In value terms, Japan ($X) constituted the largest supplier of clutches to Hong Kong SAR, comprising 42% of total imports. The second position in the ranking was taken by the United States ($X), with a 16% share of total imports. It was followed by Singapore, with an 8.1% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.8% per year) and Singapore (-13.2% per year).

Import Prices by Country

In 2022, the average clutch import price amounted to $X per ton, shrinking by -5.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by 6.2%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then fell in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+22.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for clutches in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together comprising 38% of global consumption. Germany, Hungary, Japan, Russia, Brazil, Mexico, Indonesia, France, the UK and South Korea lagged somewhat behind, together accounting for a further 39%.

What are the largest producers of clutches in the world?

The countries with the highest volumes of in 2021 were China, Germany and the United States, together comprising 47% of global production. These countries were followed by India, Japan, Hungary, South Korea, Brazil, Indonesia, Russia, Canada, Turkey and Spain, which together accounted for a further 39%.

What are the leading suppliers of clutches to Hong Kong SAR, China?

In value terms, Japan constituted the largest supplier of clutch to Hong Kong SAR, comprising 49% of total imports. The second position in the ranking was occupied by the United States, with a 14% share of total imports. It was followed by Singapore, with an 8% share.

What are the leading importers of clutches from Hong Kong SAR, China?

In value terms, China remains the key foreign market for clutch exports from Hong Kong SAR, comprising 44% of total exports. The second position in the ranking was occupied by Singapore, with a 19% share of total exports. It was followed by Malaysia, with a 10% share.

What is the average export price for clutches in Hong Kong SAR, China?

In 2021, the average clutch export price amounted to $11,418 per ton, surging by 3% against the previous year.

What is the average import price for clutches in Hong Kong SAR, China?

The average clutch import price stood at $14,016 per ton in 2021, surging by 8.5% against the previous year.

This report provides an in-depth analysis of the clutch market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29323065 - Clutches and parts thereof

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023