Asia: Spark Plug Market 2025

Spark Plug Market Size in Asia

The Asian spark plug market fell to $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Spark Plug Production in Asia

In value terms, spark plug production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 14% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Spark Plug Exports

Exports in Asia

In 2022, overseas shipments of sparking plugs increased by 4.1% to X units, rising for the second consecutive year after three years of decline. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 33%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, spark plug exports reached $X in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Japan was the main exporting country with an export of about X units, which reached 56% of total exports. It was distantly followed by China (X units) and Thailand (X units), together mixing up a 36% share of total exports. Indonesia (X units) and India (X units) held a minor share of total exports.

Japan experienced a relatively flat trend pattern with regard to volume of exports of sparking plugs. At the same time, Thailand (+32.3%), India (+13.2%), Indonesia (+12.0%) and China (+6.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +32.3% from 2012-2022. While the share of Thailand (+8.3 p.p.), China (+7.4 p.p.) and Indonesia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Japan (-16.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest spark plug supplier in Asia, comprising 60% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Thailand, with a 14% share.

In Japan, spark plug exports expanded at an average annual rate of +1.1% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: China (+8.8% per year) and Thailand (+35.8% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by 6.9% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.6%), while the other leaders experienced more modest paces of growth.

Spark Plug Imports

Imports in Asia

In 2022, the amount of sparking plugs imported in Asia shrank to X units, which is down by -7% against 2021 figures. The total import volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 37%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, spark plug imports dropped slightly to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +22.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

The United Arab Emirates (X units) and China (X units) were the main importers of sparking plugs in 2022, amounting to approx. 25% and 22% of total imports, respectively. It was distantly followed by India (X units), constituting an 11% share of total imports. The following importers - Iran (X units), Thailand (X units), Turkey (X units), Malaysia (X units), Iraq (X units), Singapore (X units), Uzbekistan (X units), Bangladesh (X units) and Taiwan (Chinese) (X units) - together made up 26% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by India (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported sparking plugs in Asia, comprising 38% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total imports. It was followed by Turkey, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value in China amounted to +9.6%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+2.2% per year) and Turkey (+8.9% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, growing by 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2014 when the import price increased by 14%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+14.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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