Russian Federation: Clutch Market 2024

Clutch Market Size in the Russian Federation

The Russian clutch market was estimated at $X in 2022, picking up by 7% against the previous year. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Clutch Production in the Russian Federation

In value terms, clutch production reached $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% 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 -10.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 75%. Clutch production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Clutch Exports

Exports from the Russian Federation

In 2022, approx. X tons of clutches were exported from Russia; declining by -2.2% against the previous year. In general, total exports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.8% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 41%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank modestly in the following year.

In value terms, clutch exports reduced to $X in 2022. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 34%. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of clutch exports from Russia, with a combined 60% share of total exports. Germany, Poland, Azerbaijan, Italy, Uzbekistan, Armenia, France, Belgium and Turkmenistan lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +183.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) were the largest markets for clutch exported from Russia worldwide, together comprising 63% of total exports. Germany, Poland, Italy, Armenia, Azerbaijan, France, Belgium, Turkmenistan and Uzbekistan lagged somewhat behind, together comprising a further 31%.

France, with a CAGR of +151.3%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average clutch export price amounted to $X per ton, reducing by -10.5% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

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 Armenia ($X per ton), while the average price for exports to Uzbekistan ($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 Armenia (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into the Russian Federation

In 2022, the amount of clutches imported into Russia shrank to X tons, declining by -9.4% on the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 47%. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, clutch imports shrank to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 68% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of clutch to Russia, accounting for a 38% share of total imports. Moreover, clutch imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and South Korea (+4.4% per year).

In value terms, the largest clutch suppliers to Russia were China ($X), Germany ($X) and South Korea ($X), together accounting for 57% of total imports. Turkey, Belarus, Japan, Brazil, France, Hungary, the UK, Malaysia, Ukraine and South Africa lagged somewhat behind, together comprising a further 35%.

Among the main suppliers, Malaysia, with a CAGR of +159.4%, saw 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, falling by -5.4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 14%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform