MERCOSUR: Clutch Market 2024

Clutch Market Size in MERCOSUR

In 2022, the MERCOSUR clutch market decreased by -0.9% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Clutch Production in MERCOSUR

In value terms, clutch production expanded slightly to $X in 2022 estimated in export price. The total production indicated a slight increase 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. Based on 2022 figures, production decreased by -2.9% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 45%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Clutch Exports

Exports in MERCOSUR

In 2022, shipments abroad of clutches increased by 9.2% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a noticeable decrease. The pace of growth appeared the most rapid in 2021 with an increase of 36%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, clutch exports skyrocketed to $X in 2022. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 33%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of clutches, namely Brazil, represented more than two-thirds of total export.

Brazil was also the fastest-growing in terms of the clutches exports, with a CAGR of -3.2% from 2012 to 2022. Brazil (+4.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest clutch supplier in MERCOSUR.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to -5.1%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, rising by 10% against the previous year. Over the period under review, the export price, however, recorded a noticeable slump. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to -2.0% per year.

Clutch Imports

Imports in MERCOSUR

In 2022, the amount of clutches imported in MERCOSUR contracted to X tons, which is down by -14.3% against 2021 figures. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +40.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 64% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, clutch imports reached $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Brazil was the main importing country with an import of about X tons, which resulted at 37% of total imports. It was distantly followed by Chile (X tons), Argentina (X tons), Peru (X tons), Colombia (X tons) and Ecuador (X tons), together constituting a 59% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Chile (with a CAGR of +8.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported clutches in MERCOSUR, comprising 36% of total imports. The second position in the ranking was held by Argentina ($X), with an 18% share of total imports. It was followed by Chile, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +2.4%. In the other countries, the average annual rates were as follows: Argentina (-1.1% per year) and Chile (+5.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, surging by 19% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 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 Argentina ($X per ton) and Peru ($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