Thailand: Clutch Market 2024

Clutch Market Size in Thailand

The Thai clutch market rose rapidly to $X in 2022, growing by 8.1% against the previous year. In general, the total consumption indicated a buoyant expansion 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, consumption increased by +45.1% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Clutch Production in Thailand

In value terms, clutch production expanded remarkably to $X in 2022 estimated in export price. In general, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 -5.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 52% against the previous year. Clutch production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Clutch Exports

Exports from Thailand

Clutch exports from Thailand dropped slightly to X tons in 2022, standing approx. at the previous year. In general, total exports indicated a moderate expansion from 2012 to 2022: its volume increased at an average annual rate of +2.2% 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 +40.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, clutch exports shrank to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 43%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X tons), Indonesia (X tons) and the United States (X tons) were the main destinations of clutch exports from Thailand, with a combined 48% share of total exports. The United Arab Emirates, Mexico, Germany, South Africa, India, Panama, Singapore, Argentina, China and Malaysia lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Panama (with a CAGR of +48.3%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Indonesia ($X) and the United States ($X) constituted the largest markets for clutch exported from Thailand worldwide, with a combined 48% share of total exports. India, the United Arab Emirates, South Africa, Argentina, China, Mexico, Germany, Panama, Malaysia and Singapore lagged somewhat behind, together comprising a further 31%.

Panama, with a CAGR of +50.8%, saw the highest rates of growth with regard to 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

The average clutch export price stood at $X per ton in 2022, which is down by -5.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 11% against the previous year. The export price peaked at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Germany ($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 the United States (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Clutch Imports

Imports into Thailand

In 2022, clutch imports into Thailand expanded slightly to X tons, picking up by 4.9% on 2021 figures. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% 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 +37.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, clutch imports expanded sharply to $X in 2022. In general, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.1% 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 +19.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by 35% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X tons), Indonesia (X tons) and China (X tons) were the main suppliers of clutch imports to Thailand, together accounting for 75% of total imports. Mexico, India, Germany and Hungary lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +59.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of clutches to Thailand, comprising 46% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 20% share of total imports. It was followed by Mexico, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +10.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-6.4% per year) and Mexico (+54.4% per year).

Import Prices by Country

The average clutch import price stood at $X per ton in 2022, growing by 2.1% against the previous year. Overall, the import price, however, recorded a mild contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 14%. As a result, import price attained 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 Mexico ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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