Asia-Pacific: Ignition Magneto Market 2025

Ignition Magneto Market Size in Asia-Pacific

After three years of growth, the Asia-Pacific ignition magneto market decreased by -0.4% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Ignition Magneto Production in Asia-Pacific

In value terms, ignition magneto production rose modestly to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 8.4% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Ignition Magneto Exports

Exports in Asia-Pacific

In 2021, the amount of ignition magnetos, magneto-dynamos and magnetic flywheels exported in Asia-Pacific skyrocketed to X units, growing by 16% against the previous year's figure. Total exports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 39%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, ignition magneto exports soared to $X in 2021. Total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the main exporting country with an export of about X units, which resulted at 65% of total exports. It was distantly followed by India (X units) and Indonesia (X units), together making up a 26% share of total exports. Cambodia (X units) and Thailand (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +7.7% from 2012 to 2021. At the same time, India (+9.2%) and Indonesia (+8.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +9.2% from 2012-2021. By contrast, Thailand (-10.2%) and Cambodia (-23.7%) illustrated a downward trend over the same period. China (+9.4 p.p.), India (+5.1 p.p.) and Cambodia (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Thailand saw its share reduced by -7.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ignition magneto supplier in Asia-Pacific, comprising 58% of total exports. The second position in the ranking was held by India ($X), with a 17% share of total exports. It was followed by Cambodia, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled +8.3%. The remaining exporting countries recorded the following average annual rates of exports growth: India (+5.3% per year) and Cambodia (+7.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, jumping by 16% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Cambodia ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+40.7%), while the other leaders experienced more modest paces of growth.

Ignition Magneto Imports

Imports in Asia-Pacific

After two years of decline, overseas purchases of ignition magnetos, magneto-dynamos and magnetic flywheels increased by 18% to X units in 2021. Total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -7.7% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, ignition magneto imports rose notably to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.8% against 2019 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 40% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia was the major importing country with an import of around X units, which resulted at 39% of total imports. Thailand (X units) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (8.4%), Bangladesh (8.1%), India (5.9%) and China (5.5%). Japan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to ignition magneto imports into Indonesia stood at +7.1%. At the same time, Japan (+49.9%), Bangladesh (+42.4%), Thailand (+22.4%), China (+11.3%) and Vietnam (+7.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +49.9% from 2012-2021. By contrast, India (-4.5%) illustrated a downward trend over the same period. Thailand (+13 p.p.), Bangladesh (+7.5 p.p.), Japan (+4.1 p.p.) and China (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while India saw its share reduced by -10.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, together comprising 71% of total imports. China, Bangladesh, Japan and India lagged somewhat behind, together comprising a further 18%.

In terms of the main importing countries, Bangladesh, with a CAGR of +36.6%, saw the highest growth rate of 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 import price in Asia-Pacific stood at $X per unit in 2021, declining by -9.4% against the previous year. Overall, the import price recorded a mild slump. The most prominent rate of growth was recorded in 2018 an increase of 29%. Over the period under review, import prices reached the maximum at $X per unit in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :