Report Update Nov 1, 2024

Azerbaijan - Sparking Plugs - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Spark Plug Market 2024

Spark Plug Market Size in Azerbaijan

The Azerbaijani spark plug market dropped markedly to $X in 2022, waning by -20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, enjoyed significant growth. Over the period under review, the market attained the peak level at $X in 2021, and then shrank significantly in the following year.

Spark Plug Exports

Exports from Azerbaijan

For the third year in a row, Azerbaijan recorded growth in overseas shipments of sparking plugs, which increased by 398% to X units in 2022. In general, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 2,503%. Over the period under review, the exports reached the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, spark plug exports skyrocketed to $X in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2015 with an increase of 1,150%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for spark plug exports from Azerbaijan, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +135.0%.

In value terms, Russia ($X) also remains the key foreign market for sparking plugs exports from Azerbaijan.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +178.0%.

Export Prices by Country

In 2022, the average spark plug export price amounted to $X per unit, picking up by 150% against the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2019 an increase of 194%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +116.2% per year.

Spark Plug Imports

Imports into Azerbaijan

Spark plug imports into Azerbaijan declined sharply to X units in 2022, falling by -24.7% against the year before. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 786%. Imports peaked at X units in 2021, and then shrank markedly in the following year.

In value terms, spark plug imports fell modestly to $X in 2022. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 742% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of spark plug to Azerbaijan, with a 54% share of total imports. Moreover, spark plug imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. South Korea (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +68.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+108.9% per year) and South Korea (+94.5% per year).

In value terms, Japan ($X) constituted the largest supplier of sparking plugs to Azerbaijan, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at +122.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+70.1% per year) and South Korea (+92.8% per year).

Import Prices by Country

The average spark plug import price stood at $X per unit in 2022, picking up by 29% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, spark plug import price increased by +72.5% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 38%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sparking plugs in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 53% share of global consumption. India, Russia, Japan, Indonesia, Mexico, Germany, Turkey and the United Arab Emirates lagged somewhat behind, together comprising a further 26%.

What are the largest producers of sparking plugs in the world?

The countries with the highest volumes of in 2021 were China, Japan and the United States, with a combined 59% share of global production. India, Russia, Thailand, Indonesia, Germany, Turkey, Brazil and France lagged somewhat behind, together accounting for a further 28%.

What are the leading suppliers of sparking plugs to Azerbaijan?

In value terms, Japan, China and Russia constituted the largest spark plug suppliers to Azerbaijan, with a combined 59% share of total imports. South Korea, Germany, Sierra Leone and the Czech Republic lagged somewhat behind, together accounting for a further 26%.

What are the leading importers of sparking plugs from Azerbaijan?

In value terms, Russia remains the key foreign market for spark plug exports from Azerbaijan.

What is the average export price for sparking plugs in Azerbaijan?

In 2021, the average spark plug export price amounted to $417 per unit, growing by 11,916% against the previous year.

What is the average import price for sparking plugs in Azerbaijan?

The average spark plug import price stood at $1.4 per unit in 2021, rising by 18% against the previous year.

This report provides an in-depth analysis of the spark plug market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29312130 - Sparking plugs

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023