Angola: Spark Plug Market 2025

Spark Plug Market Size in Angola

In 2022, after two years of decline, there was significant growth in the Angolan spark plug market, when its value increased by 14% to $X. Overall, consumption saw a perceptible contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Spark Plug Exports

Exports from Angola

In 2022, approx. X units of sparking plugs were exported from Angola; dropping by -49.9% on the previous year's figure. Over the period under review, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 45,572% against the previous year. As a result, the exports reached the peak of X units, and then dropped dramatically in the following year.

In value terms, spark plug exports contracted significantly to $X in 2022. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 32,545% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Sao Tome and Principe (X units) was the main destination for spark plug exports from Angola, accounting for a 77% share of total exports. Moreover, spark plug exports to Sao Tome and Principe exceeded the volume sent to the second major destination, South Africa (X units), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Sao Tome and Principe stood at +124.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+94.2% per year) and Portugal (+5.5% per year).

In value terms, Sao Tome and Principe ($X), South Africa ($X) and Portugal ($X) appeared to be the largest markets for spark plug exported from Angola worldwide, together comprising 92% of total exports.

South Africa, with a CAGR of +103.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average spark plug export price amounted to $X per unit, approximately reflecting the previous year. In general, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average export price increased by 56%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while the average price for exports to Sao Tome and Principe ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+84.1%), while the prices for the other major destinations experienced more modest paces of growth.

Spark Plug Imports

Imports into Angola

Spark plug imports into Angola dropped slightly to X units in 2022, remaining constant against the previous year. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 63% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, spark plug imports skyrocketed to $X in 2022. Overall, imports, however, recorded mild growth. The most prominent rate of growth was recorded in 2016 when imports increased by 63%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spark plug to Angola, with a 50% share of total imports. Moreover, spark plug imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. Portugal (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.0% per year) and Portugal (-14.3% per year).

In value terms, China ($X) constituted the largest supplier of sparking plugs to Angola, comprising 52% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 20% share of total imports. It was followed by Portugal, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+12.5% per year) and Portugal (-6.3% per year).

Import Prices by Country

In 2022, the average spark plug import price amounted to $X per unit, with an increase of 31% against the previous year. In general, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of 139% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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