Portugal: Clutch Market 2024

Clutch Market Size in Portugal

The Portuguese clutch market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Clutch consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Clutch Production in Portugal

In value terms, clutch production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 5.3% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Clutch Exports

Exports from Portugal

In 2022, shipments abroad of clutches increased by 29% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 44%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, clutch exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a mild curtailment. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons), Angola (X tons) and Germany (X tons) were the main destinations of clutch exports from Portugal, together accounting for 74% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +140.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for clutch exported from Portugal were Spain ($X), Angola ($X) and Morocco ($X), together comprising 80% of total exports. Paraguay, Cabo Verde and Germany lagged somewhat behind, together comprising a further 10%.

Paraguay, with a CAGR of +113.4%, recorded 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

The average clutch export price stood at $X per ton in 2022, with an increase of 10% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Germany ($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 Morocco (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Clutch Imports

Imports into Portugal

In 2022, purchases abroad of clutches increased by 1.8% to X tons, rising for the second consecutive year after three years of decline. Overall, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +18.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 22%. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, clutch imports totaled $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 20%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of clutch to Portugal, with a 65% share of total imports. Moreover, clutch imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Japan (X tons), with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+51.9% per year) and Japan (+13.9% per year).

In value terms, Spain ($X) constituted the largest supplier of clutches to Portugal, comprising 72% of total imports. The second position in the ranking was taken by Belgium ($X), with a 4.2% share of total imports. It was followed by Italy, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.8% per year) and Italy (+9.5% per year).

Import Prices by Country

The average clutch import price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the import price showed a pronounced slump. The pace of growth was the most pronounced in 2018 an increase of 6.9%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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