Peru: Clutch Market 2025

Clutch Market Size in Peru

The Peruvian clutch market declined sharply to $X in 2022, which is down by -19.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +7.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +31.5% against 2020 indices. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Clutch Exports

Exports from Peru

In 2022, approx. X tons of clutches were exported from Peru; increasing by 2.4% on the year before. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 548%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, clutch exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 362%. Over the period under review, the exports hit record highs at $X in 2021, and then fell sharply in the following year.

Exports by Country

Chile (X tons), the United States (X tons) and Belgium (X tons) were the main destinations of clutch exports from Peru, with a combined 80% share of total exports. Ecuador, Guyana, Bolivia and Cuba lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of +86.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Chile ($X) and Ecuador ($X) appeared to be the largest markets for clutch exported from Peru worldwide, with a combined 78% share of total exports.

Among the main countries of destination, Ecuador, with a CAGR of +81.9%, saw the highest rates of growth with regard to the value of exports, 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, declining by -18.4% against the previous year. Overall, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2021 when the average export price increased by 61%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while the average price for exports to Belgium ($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 Paraguay (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into Peru

Clutch imports into Peru fell rapidly to X tons in 2022, reducing by -18.1% on the year before. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 when imports increased by 56% against the previous year. As a result, imports attained the peak of X tons, and then fell sharply in the following year.

In value terms, clutch imports reduced remarkably to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.4% 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 +31.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. As a result, imports reached the peak of $X, and then contracted notably in the following year.

Imports by Country

South Korea (X tons), China (X tons) and Japan (X tons) were the main suppliers of clutch imports to Peru, with a combined 60% share of total imports. Germany, Indonesia, the United States and Brazil lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +24.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest clutch suppliers to Peru were South Korea ($X), Japan ($X) and China ($X), with a combined 45% share of total imports.

In terms of the main suppliers, China, with a CAGR of +17.5%, recorded 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

The average clutch import price stood at $X per ton in 2022, dropping by -1.6% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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