Latin America and the Caribbean: Clutch Market 2025

Clutch Market Size in Latin America and the Caribbean

The Latin American clutch market rose remarkably to $X in 2022, increasing by 11% against the previous year. The market value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Clutch Production in Latin America and the Caribbean

In value terms, clutch production amounted to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 64% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Clutch Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of clutches increased by 15% to X tons, rising for the second consecutive year after three years of decline. Overall, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, clutch exports rose remarkably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 18%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Mexico (X tons) was the major exporter of clutches, constituting 67% of total exports. It was distantly followed by Brazil (X tons), creating a 31% share of total exports.

Mexico was also the fastest-growing in terms of the clutches exports, with a CAGR of +4.3% from 2012 to 2022. Brazil (-3.2%) illustrated a downward trend over the same period. Mexico (+20 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -15% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest clutch supplier in Latin America and the Caribbean, comprising 73% of total exports. The second position in the ranking was taken by Brazil ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +4.4%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, waning by -3.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 10%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then fell modestly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+0.1%).

Clutch Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of clutches increased by 7.3% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.9% 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 with an increase of 23%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, clutch imports surged to $X in 2022. The total import value increased at an average annual rate of +3.5% 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 when imports increased by 17% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Mexico (X tons) represented the major importer of clutches, making up 60% of total imports. Brazil (X tons) ranks second in terms of the total imports with a 13% share, followed by Chile (6.6%) and Argentina (5.2%). Peru (X tons), Colombia (X tons) and Ecuador (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to clutch imports into Mexico stood at +5.2%. At the same time, Chile (+8.9%), Peru (+6.9%), Ecuador (+4.2%), Colombia (+2.4%) and Brazil (+1.8%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +8.9% from 2012-2022. Argentina experienced a relatively flat trend pattern. From 2012 to 2022, the share of Mexico and Chile increased by +7.3 and +2.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported clutches in Latin America and the Caribbean, comprising 66% of total imports. The second position in the ranking was taken by Brazil ($X), with a 10% share of total imports. It was followed by Argentina, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled +4.5%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+2.4% per year) and Argentina (-1.1% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, with an increase of 7.5% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Mexico ($X per ton) and Argentina ($X per ton), while Chile ($X per ton) and Colombia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+0.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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