Hungary: Clutch Market 2024

Clutch Market Size in Hungary

The Hungarian clutch market was finally on the rise to reach $X in 2022, after four years of decline. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Clutch Production in Hungary

In value terms, clutch production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Clutch production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Clutch Exports

Exports from Hungary

In 2022, overseas shipments of clutches increased by 5.5% 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 +2.5% 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 14% against the previous year. The exports 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 +3.4% 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 21% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for clutch exports from Hungary, with a 52% share of total exports. Moreover, clutch exports to Germany exceeded the volume sent to the second major destination, France (X tons), sixfold. The third position in this ranking was taken by the Czech Republic (X tons), with a 6.5% share.

From 2012 to 2022, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.3% per year) and the Czech Republic (+17.9% per year).

In value terms, Germany ($X) remains the key foreign market for clutches exports from Hungary, comprising 43% of total exports. The second position in the ranking was taken by the UK ($X), with an 11% share of total exports. It was followed by the Czech Republic, with a 7.5% share.

From 2012 to 2022, the average annual growth rate of value to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+13.1% per year) and the Czech Republic (+22.1% per year).

Export Prices by Country

In 2022, the average clutch export price amounted to $X per ton, surging by 2.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 6.1% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Poland ($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 UK (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into Hungary

In 2022, purchases abroad of clutches increased by 1.9% to X tons, rising for the second year in a row after four years of decline. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 +13.2% against 2020 indices. The growth pace was the most rapid in 2014 when imports increased by 38%. 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 +2.6% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of clutch to Hungary, accounting for a 82% share of total imports. Moreover, clutch imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tons), more than tenfold. Turkey (X tons) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from Germany amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+1.8% per year) and Turkey (+25.9% per year).

In value terms, Germany ($X) constituted the largest supplier of clutches to Hungary, comprising 71% of total imports. The second position in the ranking was taken by Spain ($X), with a 3.3% share of total imports. It was followed by China, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+2.4% per year) and China (+10.8% per year).

Import Prices by Country

The average clutch import price stood at $X per ton in 2022, falling by -1.8% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 15%. The import price peaked at $X per ton in 2013; afterwards, it flattened through to 2022.

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 China ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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