Bangladesh: Ignition Coil Market 2025

Ignition Coil Market Size in Bangladesh

The Bangladeshi ignition coil market contracted to $X in 2022, which is down by X% 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, posted a buoyant increase. Ignition coil consumption peaked at $X in 2021, and then reduced in the following year.

Ignition Coil Exports

Exports from Bangladesh

In 2022, overseas shipments of distributors and ignition coils increased by X% to X units, rising for the third consecutive year after five years of decline. Over the period under review, exports saw resilient growth. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ignition coil exports reached $X in 2022. Overall, exports posted a strong increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Slovakia (X units) was the main destination for ignition coil exports from Bangladesh, accounting for a X% share of total exports. Moreover, ignition coil exports to Slovakia exceeded the volume sent to the second major destination, Iceland (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Slovakia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and France (X% per year).

In value terms, Slovakia ($X) emerged as the key foreign market for distributors and ignition coils exports from Bangladesh, comprising X% of total exports. The second position in the ranking was held by Iceland ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovakia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and France (X% per year).

Export Prices by Country

In 2022, the average ignition coil export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ignition coil export price decreased by X% against 2015 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per unit), while the average price for exports to Slovakia ($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 Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ignition Coil Imports

Imports into Bangladesh

In 2022, approx. X units of distributors and ignition coils were imported into Bangladesh; falling by X% compared with 2021 figures. Over the period under review, imports, however, showed a significant expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, ignition coil imports dropped to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X%. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, India (X units) was the main ignition coil supplier to Bangladesh, with a X% share of total imports. Moreover, ignition coil imports from India exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

In value terms, India ($X) constituted the largest supplier of distributors and ignition coils to Bangladesh, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average ignition coil import price stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average 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 the United Arab Emirates ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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