Israel: Clutch Market 2024

Clutch Market Size in Israel

After two years of growth, the Israeli clutch market decreased by -9.6% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Clutch Exports

Exports from Israel

In 2022, after two years of growth, there was significant decline in shipments abroad of clutches, when their volume decreased by -28.6% to X tons. Overall, total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced sharply in the following year.

In value terms, clutch exports dropped sharply to $X in 2022. In general, total exports indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 33%. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for clutch exports from Israel, with a 61% share of total exports. Moreover, clutch exports to the United States exceeded the volume sent to the second major destination, Belgium (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+3.4% per year) and the Netherlands (+41.9% per year).

In value terms, the United States ($X) remains the key foreign market for clutches exports from Israel, comprising 61% of total exports. The second position in the ranking was held by Belgium ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+3.6% per year) and the Netherlands (+49.1% per year).

Export Prices by Country

The average clutch export price stood at $X per ton in 2022, declining by -9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 30% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($X per ton) and Russia ($X per ton), while the average price for exports to Germany ($X per ton) and Belgium ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into Israel

In 2022, approx. X tons of clutches were imported into Israel; with a decrease of -9.8% compared with the previous year. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, clutch imports reduced to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest clutch supplier to Israel, with a 29% share of total imports. Moreover, clutch imports from Germany exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Hungary (X tons) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to -4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+4.3% per year) and Hungary (+46.4% per year).

In value terms, Germany ($X) constituted the largest supplier of clutches to Israel, comprising 29% of total imports. The second position in the ranking was held by Turkey ($X), with a 7.9% share of total imports. It was followed by Hungary, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+3.6% per year) and Hungary (+45.5% per year).

Import Prices by Country

In 2022, the average clutch import price amounted to $X per ton, with a decrease of -2.2% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 7% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and Sweden ($X per ton), while the price for the Netherlands ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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