Southern Asia: Clutch Market 2024

Clutch Market Size in Southern Asia

The South Asian clutch market amounted to $X in 2022, with an increase of 5.6% against the previous year. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +9.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.7% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Clutch Production in Southern Asia

In value terms, clutch production rose markedly to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when the production volume increased by 32%. Over the period under review, production reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Clutch Exports

Exports in Southern Asia

In 2022, approx. X tons of clutches were exported in Southern Asia; leveling off at 2021 figures. Over the period under review, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 45%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, clutch exports rose modestly to $X in 2022. Overall, exports saw a prominent expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 43%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

In 2022, India (X tons) was the key exporter of clutches in Southern Asia, constituting 100% of total export.

India was also the fastest-growing in terms of the clutches exports, with a CAGR of +10.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest clutch supplier in Southern Asia.

In India, clutch exports increased at an average annual rate of +15.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, therefore, remained relatively stable against the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clutch export price decreased by -0.7% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of 16%. As a result, the export price attained the peak level of $X per ton. From 2021 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +4.5% per year.

Clutch Imports

Imports in Southern Asia

In 2022, purchases abroad of clutches increased by 11% to X tons, rising for the second year in a row after two years of decline. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.2% 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 +84.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 66%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, clutch imports expanded significantly to $X in 2022. Over the period under review, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 48%. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

India dominates imports structure, finishing at X tons, which was near 81% of total imports in 2022. It was distantly followed by Bangladesh (X tons), achieving a 9.8% share of total imports. The following importers - Sri Lanka (X tons) and Afghanistan (X tons) - together made up 7.2% of total imports.

Imports into India increased at an average annual rate of +5.3% from 2012 to 2022. At the same time, Afghanistan (+16.5%) and Bangladesh (+6.2%) displayed positive paces of growth. Moreover, Afghanistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +16.5% from 2012-2022. By contrast, Sri Lanka (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Afghanistan increased by +2.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported clutches in Southern Asia, comprising 88% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 4.8% share of total imports. It was followed by Afghanistan, with a 2.7% share.

In India, clutch imports expanded at an average annual rate of +8.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+5.5% per year) and Afghanistan (+22.3% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 an increase of 31% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Afghanistan (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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