India: Clutch Market 2024

Clutch Market Size in India

The Indian clutch market expanded rapidly to $X in 2022, surging by 6.5% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.8% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Clutch Production in India

In value terms, clutch production rose markedly to $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. Clutch production peaked at $X in 2020; afterwards, it flattened through to 2022.

Clutch Exports

Exports from India

Clutch exports from India totaled X tons in 2022, approximately equating the previous year's figure. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2021 when exports increased by 45%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, clutch exports stood at $X in 2022. Over the period under review, exports posted a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X tons), the United States (X tons) and Turkey (X tons) were the main destinations of clutch exports from India, with a combined 30% share of total exports. Canada, Egypt, the UK, Italy, Germany, Chile, Japan, France, South Africa and Nepal lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +274.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for clutch exported from India were Bangladesh ($X), the United States ($X) and Canada ($X), together accounting for 28% of total exports.

Canada, with a CAGR of +265.8%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average clutch export price amounted to $X per ton, remaining stable against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clutch export price decreased by -0.8% against 2020 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 16% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Chile ($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 Egypt (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into India

In 2022, purchases abroad of clutches increased by 26% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, clutch imports skyrocketed to $X in 2022. In general, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), South Korea (X tons) and Germany (X tons) were the main suppliers of clutch imports to India, with a combined 67% share of total imports. The United States, Hungary, Italy, Japan, Thailand and Austria lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +42.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest clutch suppliers to India were South Korea ($X), Germany ($X) and China ($X), with a combined 64% share of total imports. The United States, Italy, Hungary, Japan, Thailand and Austria lagged somewhat behind, together comprising a further 26%.

Among the main suppliers, Hungary, with a CAGR of +33.7%, saw the highest rates of growth with regard to 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 average clutch import price amounted to $X per ton, with a decrease of -4.8% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clutch import price decreased by -23.9% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 49% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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 Thailand ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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